MSA Safety (MSA)

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	146,442	164,499	146,897	138,906	162,902	159,613	134,047	147,300	140,895	117,302	174,078	184,728	160,672	132,830	136,238	122,629	152,195	108,481	111,511	107,668
Short-term investments	US$ in thousands	—	—	—	—	9,905	24,930	34,857	39,971	48,974	48,972	49,982	54,976	74,982	69,940	59,945	69,769	49,892	72,166	72,461	73,619
Receivables	US$ in thousands	307,590	324,286	329,101	304,588	336,028	290,184	300,679	277,090	284,022	271,479	273,070	267,350	278,468	254,923	264,155	284,515	268,154	274,302	280,317	277,103
Total current liabilities	US$ in thousands	332,818	325,401	299,950	292,531	345,865	349,138	336,258	333,937	330,606	336,821	317,841	306,727	310,545	284,658	293,358	264,218	277,509	262,208	257,517	266,270
Quick ratio		1.36	1.50	1.59	1.52	1.47	1.36	1.40	1.39	1.43	1.30	1.56	1.65	1.66	1.61	1.57	1.80	1.69	1.74	1.80	1.72

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($146,442K + $—K + $307,590K) ÷ $332,818K
= 1.36

The quick ratio of MSA Safety Inc has been relatively stable over the past eight quarters, ranging from 1.47 to 1.71. This indicates that the company has consistently maintained a strong liquidity position, with the ability to cover its short-term liabilities with its most liquid assets.

The highest quick ratio of 1.71 in Q2 2023 suggests that MSA Safety Inc had significant liquid assets compared to its current liabilities during that period. This may indicate efficient management of working capital and a reduced risk of financial distress.

Overall, the general trend of the quick ratio for MSA Safety Inc shows a healthy liquidity position, providing reassurance to investors and creditors about the company's ability to meet its short-term obligations.