MSC Industrial Direct Company Inc (MSM)
Quick ratio
| Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Sep 3, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 22,227 | 25,805 | 50,052 | 58,428 | 49,615 | 26,331 | 43,537 | 28,847 | 41,754 | 62,875 | 40,536 | 27,429 | 20,242 | 53,104 | 125,211 | 353,393 | 44,867 | 27,778 | 32,286 | 38,771 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 428,699 | 414,280 | 435,421 | — | — | — | 687,608 | 667,019 | 619,913 | 578,654 | 560,373 | 564,963 | 527,233 | 493,693 | 491,743 | 544,446 | 536,902 | 536,878 | 541,091 | — |
| Total current liabilities | US$ in thousands | 630,430 | 627,858 | 649,436 | 683,475 | 645,281 | 726,761 | 725,944 | 619,806 | 597,171 | 586,275 | 561,928 | 768,816 | 553,214 | 513,989 | 408,733 | 592,011 | 694,558 | 403,828 | 446,916 | 486,068 |
| Quick ratio | 0.72 | 0.70 | 0.75 | 0.09 | 0.08 | 0.04 | 1.01 | 1.12 | 1.11 | 1.09 | 1.07 | 0.77 | 0.99 | 1.06 | 1.51 | 1.52 | 0.84 | 1.40 | 1.28 | 0.08 |
March 2, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($22,227K
+ $—K
+ $428,699K)
÷ $630,430K
= 0.72
The quick ratio of MSC Industrial Direct Company Inc has shown varying trends over the past few quarters. The ratio was relatively stable around 1.00 for a period from May 28, 2022, to Nov 30, 2019, indicating a strong ability to cover its short-term obligations with its most liquid assets. However, there were significant fluctuations in the quick ratio in more recent quarters, ranging from 0.04 to 0.75.
The quick ratio dropped notably from Jun 3, 2023, to Sep 2, 2023, indicating a potential liquidity challenge during this period. The ratio then significantly improved in the following quarter, Mar 2, 2024, reaching 0.72, but it was still below 1.00, suggesting that the company may have had difficulties in meeting its short-term obligations with its liquid assets.
Overall, the recent fluctuations in the quick ratio of MSC Industrial Direct Company Inc may indicate changes in the company's liquidity position and its ability to manage short-term financial obligations efficiently. It would be important to closely monitor future developments in the quick ratio to assess the company's liquidity risks and financial health accurately.
Peer comparison
Mar 2, 2024