Linde plc Ordinary Shares (LIN)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,850,000 | 5,187,000 | 4,626,000 | 4,848,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2,061,000 | 2,061,000 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 14,544,000 | 14,049,000 | 13,504,000 | 14,389,000 | 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 |
| Quick ratio | 0.33 | 0.37 | 0.34 | 0.34 | 0.30 | 0.27 | 0.23 | 0.28 | 0.33 | 0.25 | 0.24 | 0.31 | 0.21 | 0.32 | 0.21 | 0.41 | 0.42 | 0.35 | 0.33 | 0.26 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,850,000K
+ $—K
+ $—K)
÷ $14,544,000K
= 0.33
The quick ratio of Linde plc Ordinary Shares, which measures the company's ability to meet its short-term obligations with its most liquid assets, has shown some fluctuations over the past few years.
From March 31, 2020, to December 31, 2020, the quick ratio improved from 0.26 to 0.42, indicating a better ability to cover short-term liabilities with quick assets. However, there was a slight dip in the ratio by March 31, 2021, to 0.41 but recovered by June 30, 2021, to 0.21.
The ratio continued to fluctuate throughout 2022 and 2023, ranging between 0.21 and 0.34. These fluctuations may indicate varying levels of liquidity and ability to meet short-term obligations during these periods.
By December 31, 2024, the quick ratio had slightly decreased to 0.33, remaining relatively stable compared to the previous quarters. Overall, the quick ratio trend suggests fluctuations in the company's liquidity position over the years, with some periods showing better liquidity than others, which should be closely monitored for any potential impacts on the company's financial health.
Peer comparison
Dec 31, 2024