MYR Group Inc (MYRG)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 3,464 | 24,899 | 51,040 | 82,092 | 22,668 |
| Short-term investments | US$ in thousands | — | — | — | — | 3,040 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 748,900 | 747,202 | 666,960 | 498,599 | 443,400 |
| Quick ratio | 0.00 | 0.03 | 0.08 | 0.16 | 0.06 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,464K
+ $—K
+ $—K)
÷ $748,900K
= 0.00
The quick ratio of MYR Group Inc has been fluctuating over the past five years, ranging from 0.00 to 0.16. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets.
Specifically, in December 31, 2020, the quick ratio was extremely low at 0.06, suggesting a potential liquidity issue. However, by December 31, 2021, the quick ratio improved to 0.16, indicating a better ability to cover short-term liabilities with liquid assets.
Following 2021, the quick ratio decreased to 0.08 by December 31, 2022 and then further dropped to 0.03 by December 31, 2023. These declining values may raise concerns about the company's liquidity position and ability to pay off short-term obligations.
Moreover, by the end of December 31, 2024, the quick ratio plummeted to 0.00, signaling a significant liquidity crunch. This could imply potential challenges in meeting immediate financial obligations without proper adjustments or additional funding.
In summary, the trend in MYR Group Inc's quick ratio indicates fluctuations in liquidity over the past five years, with some periods showing improvement while others indicating potential liquidity challenges.
Peer comparison
Dec 31, 2024