MYR Group Inc (MYRG)

Liquidity ratios

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
Current ratio 1.35 1.35 1.36 1.40 1.37 1.39 1.37 1.36 1.33 1.43 1.39 1.44 1.50 1.54 1.47 1.49 1.44 1.43 1.47 1.66
Quick ratio 0.00 0.01 0.00 0.01 0.03 0.04 0.03 0.08 0.08 0.06 0.04 0.04 0.16 0.17 0.16 0.17 0.06 0.05 0.02 0.09
Cash ratio 0.00 0.01 0.00 0.01 0.03 0.04 0.03 0.08 0.08 0.06 0.04 0.04 0.16 0.17 0.16 0.17 0.06 0.05 0.02 0.09

The current ratio of MYR Group Inc has been relatively stable over the past few years, ranging between 1.33 and 1.66. This indicates that the company has generally been able to meet its short-term obligations with its current assets.

In contrast, the quick ratio, which provides a more stringent measure of liquidity by excluding inventory from current assets, has been quite low, with values ranging from 0.00 to 0.17. This suggests that the company may have difficulty meeting its immediate obligations without relying on selling inventory.

The cash ratio, which is the most conservative liquidity ratio as it only includes cash and cash equivalents, has also shown low values between 0.00 and 0.17. This indicates that MYR Group Inc may have limited cash resources available to cover its short-term liabilities.

Overall, while the current ratio suggests that MYR Group Inc has a decent ability to cover its short-term obligations with its current assets, the low values of the quick ratio and cash ratio highlight potential liquidity challenges, particularly in meeting immediate cash needs without relying on inventory or other liquid assets.


Additional liquidity measure

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 conversion cycle days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00

MYR Group Inc has shown a consistent and efficient cash conversion cycle over the years. From March 31, 2020, until December 31, 2021, the company maintained a cash conversion cycle of 0.00 days, indicating that it efficiently converted its investments in raw materials into revenue without tying up excessive cash in the process.

However, there was a slight increase in the cash conversion cycle to 7.50 days on December 31, 2021. This may indicate a slight delay in collecting cash from customers or a minor slowdown in the conversion of inventory and accounts receivable into cash.

Nevertheless, the company quickly managed to improve its cash conversion cycle back to 0.00 days by March 31, 2022, and maintained this efficiency through September 30, 2024.

Overall, the efficient management of the cash conversion cycle reflects MYR Group Inc's ability to effectively manage its working capital, optimize inventory turnover, and promptly collect receivables, contributing to its financial health and stability. It is crucial for the company to continue this trend to ensure its liquidity and operational effectiveness in the future.