NV5 Global Inc (NVEE)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 50,361 44,824 38,541 47,980 64,909
Short-term investments US$ in thousands
Receivables US$ in thousands
Total current liabilities US$ in thousands 210,254 159,419 160,894 163,951 136,186
Quick ratio 0.24 0.28 0.24 0.29 0.48

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($50,361K + $—K + $—K) ÷ $210,254K
= 0.24

The quick ratio of NV5 Global Inc has shown a decreasing trend over the five-year period from December 31, 2020, to December 31, 2024. The ratio started at 0.48 in 2020 and declined to 0.29 in 2021, further dropping to 0.24 in both 2022 and 2024, with a slight uptick to 0.28 in 2023.

A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations using its most liquid assets. Therefore, the declining trend in NV5 Global Inc's quick ratio suggests a potential decrease in its ability to cover its current liabilities with its quick assets such as cash, cash equivalents, and accounts receivable.

This trend indicates a deteriorating liquidity position over the years, which may raise concerns about the company's short-term financial health and ability to manage its obligations efficiently. Investors and stakeholders may closely monitor this ratio to assess the company's liquidity risk and financial stability.


Peer comparison

Dec 31, 2024

Company name
Symbol
Quick ratio
NV5 Global Inc
NVEE
0.24
Johnson Controls International PLC
JCI
0.57