National Presto Industries Inc (NPK)
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 | 87,657 | 70,411 | 73,362 | 75,625 | 70,711 | 61,784 | 67,089 | 82,531 | 109,805 | 91,013 | 73,052 | 65,121 | 86,036 | 44,428 | 32,359 | 43,035 | 79,579 | 59,171 | 63,438 | 61,735 |
| Short-term investments | US$ in thousands | 26,454 | 24,966 | 26,345 | 29,013 | 24,863 | 43,710 | 43,029 | 35,298 | 34,190 | 33,313 | 42,465 | 52,092 | 68,981 | 79,098 | 98,382 | 83,951 | 84,781 | 91,517 | 91,517 | 97,767 |
| Receivables | US$ in thousands | 50,356 | 1,608 | 2,276 | — | 73,250 | — | — | — | 55,707 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 72,019 | 63,416 | 56,471 | 56,376 | 53,641 | 51,632 | 48,207 | 49,646 | 53,159 | 61,158 | 46,028 | 51,530 | 55,092 | 46,639 | 55,166 | 46,083 | 39,295 | 45,250 | 42,127 | 42,579 |
| Quick ratio | 2.28 | 1.53 | 1.81 | 1.86 | 3.15 | 2.04 | 2.28 | 2.37 | 3.76 | 2.03 | 2.51 | 2.27 | 2.81 | 2.65 | 2.37 | 2.76 | 4.18 | 3.33 | 3.68 | 3.75 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($87,657K
+ $26,454K
+ $50,356K)
÷ $72,019K
= 2.28
The quick ratio of National Presto Industries Inc has exhibited fluctuations over the time periods provided. Generally, a quick ratio above 1 indicates that the company has an acceptable level of liquidity to meet its short-term obligations.
The quick ratio ranged from a low of 1.53 to a high of 4.18, with the latest value standing at 2.28 as of December 31, 2023. This indicates that the company had $2.28 of liquid assets available to cover each dollar of current liabilities.
The quick ratio trend shows some variability, which may be influenced by changes in the company's cash, marketable securities, and accounts receivable. In particular, the quick ratio spiked to 4.18 on December 31, 2019, reflecting a period of strong liquidity position. However, the ratio has since fluctuated but generally remained above 1, indicating a relatively stable liquidity position overall.
It is important to continue monitoring the quick ratio to ensure that the company maintains sufficient liquidity to support its short-term financial obligations.
Peer comparison
Dec 31, 2023