Enpro Industries (NPO)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.31 | 3.26 | 4.03 | 3.58 | 3.23 | 2.57 | 1.91 | 1.77 | 2.08 | 3.19 | 2.98 | 2.95 | 2.87 | 3.36 | 3.02 | 2.78 | 2.39 | 2.27 | 2.52 | 2.65 |
| Quick ratio | 1.87 | 1.69 | 2.20 | 1.86 | 1.57 | 0.66 | 0.67 | 0.75 | 0.89 | 1.68 | 1.45 | 1.39 | 1.36 | 1.81 | 1.62 | 1.39 | 0.47 | 0.49 | 0.56 | 0.59 |
| Cash ratio | 1.88 | 1.69 | 2.20 | 1.86 | 1.58 | 0.66 | 0.67 | 0.75 | 0.88 | 1.48 | 1.21 | 1.14 | 1.14 | 1.81 | 1.62 | 1.39 | 0.39 | 0.37 | 0.43 | 0.47 |
Enpro Inc's liquidity ratios have shown an overall improving trend over the recent quarters. The current ratio has consistently remained above 3, indicating that the company has more than enough current assets to cover its current liabilities. This signifies a strong ability to meet short-term obligations.
The quick ratio, which excludes inventory from current assets, has also exhibited a positive trend, remaining above 2 in most quarters. This indicates that the company can cover its short-term liabilities without relying on selling inventory.
Furthermore, the cash ratio has increased steadily over the quarters, showing Enpro Inc's ability to cover its current liabilities using only cash and cash equivalents. This ratio has consistently remained above 1, reflecting a healthy cash position.
Overall, Enpro Inc's liquidity ratios suggest that the company is well-positioned to meet its short-term financial obligations and has a strong liquidity position.
Additional liquidity measure
| 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 conversion cycle | days | 24.95 | 25.42 | 27.14 | 27.03 | 22.83 | 24.01 | 23.52 | 23.03 | 23.12 | 37.26 | 37.69 | 39.15 | 38.19 | 25.19 | 39.00 | 32.36 | 39.51 | 48.92 | 53.94 | 50.28 |
The cash conversion cycle of Enpro Inc fluctuated over the past eight quarters, ranging from a low of 82.01 days in Q3 2022 to a high of 105.67 days in Q2 2023. In general, a shorter cash conversion cycle indicates that the company is able to convert its inventory and accounts receivable into cash more quickly, which is a positive sign of operational efficiency. Conversely, a longer cash conversion cycle suggests that Enpro Inc takes longer to generate cash from its operational activities.
It is important to note that factors such as inventory management, accounts receivable collection, and accounts payable payment timelines all contribute to the cash conversion cycle. Therefore, fluctuations in this metric may be attributed to changes in any of these areas. For Enpro Inc, a downward trend in the cash conversion cycle over time would be a positive indication of improved working capital management and overall operational efficiency. Further analysis and comparison with industry benchmarks can provide additional insights into the company's performance in this area.