National Presto Industries Inc (NPK)
Quick ratio
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 17,663 | 17,663 | 16,329 | 32,571 | 63,546 | 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 |
| Short-term investments | US$ in thousands | 5,010 | 5,010 | 16,888 | 20,870 | 24,372 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 74,436 | 74,436 | 70,489 | 68,046 | 73,727 | 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 |
| Quick ratio | 0.30 | 0.30 | 0.47 | 0.79 | 1.19 | 1.58 | 1.50 | 1.77 | 1.86 | 1.78 | 2.04 | 2.28 | 2.37 | 2.71 | 2.03 | 2.51 | 2.27 | 2.81 | 2.65 | 2.37 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($17,663K
+ $5,010K
+ $—K)
÷ $74,436K
= 0.30
The quick ratio of National Presto Industries Inc has shown a fluctuating trend over the reported periods. Starting at 2.37 on June 30, 2020, the ratio increased steadily to reach its peak at 2.81 on December 31, 2020. However, the ratio experienced a decline in the subsequent periods, dropping to 1.50 on September 30, 2023, and further decreasing to 0.30 by the end of the reporting period on March 31, 2025.
The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities. Throughout the analyzed periods, National Presto Industries Inc maintained a quick ratio above 1, reflecting a healthy liquidity position. However, the declining trend in the ratio towards the end of the reporting period may raise concerns about the company's ability to meet its short-term obligations using its current liquid assets.
Overall, the decreasing trend in the quick ratio over the reported periods suggests a potential deterioration in National Presto Industries Inc's liquidity position, which could impact its ability to meet its short-term financial obligations in the future.
Peer comparison
Mar 31, 2025