Nucor Corp (NUE)
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 | 3,558,000 | 4,262,800 | 4,638,980 | 4,557,760 | 6,383,300 | 5,855,950 | 4,510,560 | 3,800,030 | 4,280,850 | 3,049,860 | 2,002,710 | 3,725,270 | 2,364,860 | 1,764,290 | 2,722,660 | 2,460,720 | 2,639,670 | 2,866,580 | 2,789,190 | 1,245,160 |
| Short-term investments | US$ in thousands | 581,000 | 595,650 | 795,180 | 981,179 | 747,479 | 863,140 | 870,475 | 817,811 | 576,946 | 377,426 | 363,287 | 446,868 | 253,005 | 247,247 | 398,409 | 402,595 | 408,004 | 412,401 | 247,473 | 146,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,977,000 | 5,216,790 | 4,865,260 | 3,645,980 | 4,594,510 | 4,283,850 | 4,004,170 | 3,829,940 | 4,329,740 | 4,632,090 | 5,359,200 | 5,133,840 | 5,157,410 | 4,797,600 | 3,879,950 | 2,970,450 | 2,627,860 | 2,373,300 | 1,965,040 | 2,218,570 |
| Quick ratio | 0.83 | 0.93 | 1.12 | 1.52 | 1.55 | 1.57 | 1.34 | 1.21 | 1.12 | 0.74 | 0.44 | 0.81 | 0.51 | 0.42 | 0.80 | 0.96 | 1.16 | 1.38 | 1.55 | 0.63 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,558,000K
+ $581,000K
+ $—K)
÷ $4,977,000K
= 0.83
The quick ratio of Nucor Corp has fluctuated over the past few years, indicating varying levels of liquidity. As of December 31, 2024, the quick ratio stood at 0.83, suggesting that the company may face challenges in meeting its short-term obligations with its most liquid assets. This ratio improved from the previous quarter but has generally been below 1, indicating potential liquidity concerns.
It is important for Nucor Corp to closely monitor its quick ratio and ensure it maintains a healthy level of liquidity to meet its short-term financial obligations efficiently. Further analysis and comparison with industry benchmarks would provide more insights into the company's liquidity position and its ability to weather unexpected financial challenges.
Peer comparison
Dec 31, 2024