ManpowerGroup Inc (MAN)

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	581,300	571,100	407,600	706,700	639,000	527,500	886,200	777,300	847,800	1,612,600	1,461,400	1,522,700	1,567,100	1,587,700	1,438,600	1,099,500	1,025,800	807,100	770,400	566,300
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	4,830,000	4,600,200	4,995,200	4,773,200	5,137,400	4,720,300	5,343,900	5,440,000	5,448,200	5,091,400	5,203,300	4,892,700	4,912,400	4,535,700	4,224,600	4,748,500	5,273,100	5,122,100	5,415,600	5,186,300
Total current liabilities	US$ in thousands	4,799,700	4,427,700	4,616,400	4,579,600	4,911,700	4,450,000	5,401,100	5,697,200	5,780,500	5,349,400	4,950,200	4,750,400	4,684,800	4,275,500	3,937,600	4,075,500	4,441,400	4,111,300	4,359,900	4,216,800
Quick ratio		1.13	1.17	1.17	1.20	1.18	1.18	1.15	1.09	1.09	1.25	1.35	1.35	1.38	1.43	1.44	1.43	1.42	1.44	1.42	1.36

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($581,300K + $—K + $4,830,000K) ÷ $4,799,700K
= 1.13

The quick ratio of ManpowerGroup has been relatively stable in recent quarters, ranging between 1.12 and 1.24. This indicates that the company has a strong ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 suggests that ManpowerGroup has an adequate level of current assets, such as cash and accounts receivable, to cover its current liabilities. Overall, the consistent quick ratio above 1 reflects a healthy liquidity position for ManpowerGroup, providing a solid foundation for meeting its financial obligations in the near term.