MYR Group Inc (MYRG)
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 | 3,464 | 7,569 | 1,869 | 3,911 | 24,899 | 30,471 | 22,850 | 47,039 | 51,040 | 35,767 | 22,057 | 18,732 | 82,092 | 73,006 | 68,322 | 73,069 | 22,668 | 18,946 | 9,991 | 33,997 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 3,786 | 4,580 | 3,040 | 3,040 | 4,972 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 748,900 | 762,436 | 747,443 | 732,358 | 747,202 | 740,651 | 684,560 | 624,845 | 666,960 | 585,014 | 565,406 | 498,264 | 498,599 | 455,701 | 469,879 | 447,824 | 443,400 | 459,554 | 403,534 | 378,244 |
| 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 |
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 volatile over the given periods. The quick ratio measures the company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates a potential liquidity issue.
From March 31, 2020, to June 30, 2020, the quick ratio decreased significantly from 0.09 to 0.02, indicating a potential short-term liquidity problem. The ratio slightly improved by September 30, 2020, at 0.05, and continued to fluctuate around this level throughout 2021 and 2022.
The company saw a notable improvement in liquidity by March 31, 2023, with the quick ratio increasing to 0.08. However, it declined in the following quarters, reaching 0.00 by December 31, 2024. This suggests a potential concern for the company's ability to cover its short-term obligations with its quick assets.
Overall, the quick ratio trend for MYR Group Inc shows fluctuations over the periods, indicating varying levels of liquidity and the need for careful monitoring of the company's short-term financial health.
Peer comparison
Dec 31, 2024