Linde plc Ordinary Shares (LIN)
Quick ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,664,000 | 3,894,000 | 3,357,000 | 4,962,000 | 5,436,000 | 3,756,000 | 3,655,000 | 4,464,000 | 2,823,000 | 4,700,000 | 3,137,000 | 4,096,000 | 3,754,000 | 5,199,000 | 4,941,000 | 4,014,000 | 2,700,000 | 2,120,000 | 2,686,000 | 5,791,000 |
| Short-term investments | US$ in thousands | 187,000 | — | — | — | 184,000 | — | — | — | 18,000 | — | — | 2,061,000 | 23,000 | — | — | — | 40,000 | — | 50,000 | 52,000 |
| Receivables | US$ in thousands | 4,718,000 | 4,692,000 | 4,799,000 | 4,753,000 | 4,559,000 | 4,599,000 | 4,803,000 | 4,845,000 | 4,499,000 | 4,367,000 | 4,342,000 | 4,139,000 | 4,167,000 | 4,033,000 | 3,994,000 | 4,084,000 | 4,322,000 | 4,238,000 | 4,483,000 | 4,390,000 |
| Total current liabilities | US$ in thousands | 15,717,000 | 14,162,000 | 14,552,000 | 17,785,000 | 16,479,000 | 15,061,000 | 15,295,000 | 14,506,000 | 13,643,000 | 14,758,000 | 14,676,000 | 15,027,000 | 13,740,000 | 14,792,000 | 15,095,000 | 15,490,000 | 12,160,000 | 10,883,000 | 10,521,000 | 11,140,000 |
| Quick ratio | 0.61 | 0.61 | 0.56 | 0.55 | 0.62 | 0.55 | 0.55 | 0.64 | 0.54 | 0.61 | 0.51 | 0.69 | 0.58 | 0.62 | 0.59 | 0.52 | 0.58 | 0.58 | 0.69 | 0.92 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,664,000K
+ $187,000K
+ $4,718,000K)
÷ $15,717,000K
= 0.61
The quick ratio of Linde Plc. has fluctuated over the past eight quarters, ranging from 0.61 to 0.72. This ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
In Q4 2023 and Q4 2022, the quick ratio was 0.67, suggesting that the company had $0.67 of liquid assets available to cover each dollar of its current liabilities. This indicates a consistent level of liquidity over the two years.
The lowest quick ratio was observed in Q1 2023 at 0.61, indicating a slight decrease in the company's ability to meet short-term obligations quickly. Conversely, the highest quick ratio was in Q2 2022 at 0.72, reflecting a stronger position in terms of liquidity compared to other quarters.
Overall, the trend in the quick ratio for Linde Plc. appears relatively stable with minor fluctuations. It is important to monitor this ratio over time to assess the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023