Enpro Industries (NPO)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 236,300 | 369,800 | 334,400 | 338,100 | 229,500 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 198,000 | 196,400 | 211,500 | 379,100 | 202,000 |
| Quick ratio | 1.19 | 1.88 | 1.58 | 0.89 | 1.14 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($236,300K
+ $—K
+ $—K)
÷ $198,000K
= 1.19
The quick ratio for Enpro Industries has shown some fluctuations over the past few years. As of December 31, 2020, the quick ratio was 1.14, indicating that the company had $1.14 in liquid assets available to cover each dollar of its current liabilities. However, by December 31, 2021, the quick ratio decreased to 0.89, signaling a potential liquidity challenge as the company had less liquid assets available to cover its current obligations.
Subsequently, there was a significant improvement in the quick ratio by December 31, 2022, reaching 1.58, which indicates that Enpro Industries had increased its ability to meet short-term obligations with its liquid assets. This positive trend continued in the following years, with the quick ratio reaching 1.88 as of December 31, 2023, and 1.19 as of December 31, 2024.
Overall, while there were fluctuations in the quick ratio over the years, Enpro Industries managed to enhance its liquidity position, especially in the later years, which suggests an improved ability to meet its short-term financial obligations with available liquid assets.