Mesa Laboratories Inc (MLAB)
Quick ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | — | 28,214 | 32,910 | 49,346 | 263,865 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | 39,055 | 42,551 | 41,224 | 23,787 |
| Total current liabilities | US$ in thousands | — | 44,312 | 43,359 | 48,055 | 32,583 |
| Quick ratio | — | 1.52 | 1.74 | 1.88 | 8.83 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K
+ $—K
+ $—K)
÷ $—K
= —
Mesa Laboratories Inc's quick ratio has shown a notable decrease over the past few years. As of March 31, 2021, the quick ratio was 8.83, indicating a very strong liquidity position with a significant amount of liquid assets available to cover current liabilities. However, by March 31, 2022, the quick ratio dropped to 1.88, which was still considered acceptable but notably lower than the previous year.
Further decline was seen by March 31, 2023, where the quick ratio fell to 1.74, and by March 31, 2024, it reduced even more to 1.52. These quick ratios suggest a gradual decrease in the company's ability to meet its short-term obligations using its most liquid assets.
The absence of data for March 31, 2025, prevents a complete analysis of the trend. Overall, the declining quick ratio trend from 2021 to 2024 indicates a potential liquidity concern that should be closely monitored to ensure the company can efficiently meet its short-term financial obligations.
Peer comparison
Mar 31, 2025