Mesa Laboratories Inc (MLAB)
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 | 30,956 | 24,337 | 28,472 | 28,214 | 28,224 | 35,617 | 32,376 | 32,910 | 26,101 | 32,377 | 43,747 | 49,346 | 51,706 | 278,294 | 275,710 | 263,865 | 253,731 | 241,924 | 230,951 | 81,380 |
Short-term investments | US$ in thousands | — | — | 1,514 | — | 2,143 | 1,563 | 1,387 | — | 1,702 | 2,787 | — | — | — | — | — | — | — | — | — | — |
Receivables | US$ in thousands | 38,647 | 40,234 | 35,568 | 39,055 | 36,023 | 36,340 | 35,595 | 42,551 | 42,395 | 41,809 | 41,840 | 41,224 | 37,289 | 22,636 | 20,578 | 23,787 | 20,410 | 18,563 | 17,929 | 21,132 |
Total current liabilities | US$ in thousands | 155,878 | 153,230 | 54,865 | 44,312 | 44,183 | 39,816 | 39,126 | 43,359 | 41,617 | 41,506 | 44,127 | 48,055 | 46,775 | 28,690 | 33,448 | 32,583 | 27,750 | 19,533 | 20,475 | 26,008 |
Quick ratio | 0.45 | 0.42 | 1.19 | 1.52 | 1.50 | 1.85 | 1.77 | 1.74 | 1.69 | 1.85 | 1.94 | 1.88 | 1.90 | 10.49 | 8.86 | 8.83 | 9.88 | 13.34 | 12.16 | 3.94 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($30,956K
+ $—K
+ $38,647K)
÷ $155,878K
= 0.45
The quick ratio of Mesa Laboratories Inc has exhibited significant fluctuations over the period analyzed. Starting at a strong level of 3.94 in March 2020, the ratio increased substantially to 12.16 by June 2020, indicating a solid ability to cover its immediate liabilities with its most liquid assets. The ratio continued to rise, reaching a peak of 13.34 in September 2020, suggesting an even healthier liquidity position.
However, from December 2020 to June 2021, there was a slight decline in the quick ratio, yet it remained relatively high at around 8-9. Thereafter, the ratio fluctuated in a narrower range between 8.83 and 10.49 from March 2021 to September 2021.
In December 2021, there was a notable decrease in the quick ratio to 1.90, indicating a potential decrease in the company's ability to cover its current liabilities with its quick assets. The trend continued to decline, with the ratio falling to 1.50 by December 2023, signifying potential liquidity challenges.
In the last period reported in December 2024, the quick ratio plummeted to its lowest level of 0.45, illustrating a concerning liquidity position where the company may struggle to meet its short-term obligations using its most liquid assets. This sharp decline raises questions about Mesa Laboratories Inc's liquidity management and ability to meet short-term financial obligations.
Peer comparison
Dec 31, 2024