Enpro Industries (NPO)
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 | 236,300 | 206,900 | 175,900 | 163,900 | 369,800 | 329,800 | 374,900 | 336,100 | 334,400 | 166,200 | 222,100 | 293,400 | 338,100 | 330,000 | 261,900 | 232,300 | 229,500 | 441,000 | 424,300 | 391,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | 35,800 | 35,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 198,000 | 188,400 | 176,900 | 179,200 | 196,400 | 195,100 | 187,100 | 199,900 | 211,500 | 253,300 | 330,100 | 391,700 | 379,100 | 222,400 | 216,500 | 203,000 | 202,000 | 243,100 | 261,400 | 281,300 |
| Quick ratio | 1.19 | 1.10 | 0.99 | 0.91 | 1.88 | 1.69 | 2.20 | 1.86 | 1.58 | 0.66 | 0.67 | 0.75 | 0.89 | 1.48 | 1.21 | 1.14 | 1.14 | 1.81 | 1.62 | 1.39 |
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 of Enpro Industries has shown some fluctuations over the past few years, ranging from as low as 0.66 to as high as 2.20. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities, which is generally seen as a positive indicator of financial health.
Enpro Industries experienced a significant increase in its quick ratio from June 30, 2023, to September 30, 2023, suggesting an improvement in its ability to meet short-term obligations. However, the quick ratio decreased in the following periods, indicating a potential reduction in the company's liquidity position.
From a trend perspective, Enpro Industries' quick ratio has been somewhat volatile, with fluctuations observed in different quarters. It is important for stakeholders to closely monitor these changes in the quick ratio to assess the company's short-term liquidity and financial stability. Additional analysis and context surrounding the company's operations and industry conditions would be necessary to fully interpret the implications of the quick ratio movements for Enpro Industries.