Enviri Corporation (NVRI)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 121,239 | 81,332 | 82,908 | 76,454 | 57,259 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 314,629 | 289,807 | 410,940 | 441,643 | 331,255 |
| Total current liabilities | US$ in thousands | 655,233 | 597,281 | 601,391 | 537,955 | 464,894 |
| Quick ratio | 0.67 | 0.62 | 0.82 | 0.96 | 0.84 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($121,239K
+ $—K
+ $314,629K)
÷ $655,233K
= 0.67
The quick ratio of Enviri Corp has displayed a fluctuating trend over the past five years. In 2023, the quick ratio stands at 0.74, indicating a decrease compared to the previous year. This implies that the company may have a lower ability to cover its short-term liabilities with its most liquid assets in the current period. However, it is essential to note that the quick ratio is above 1.0 in 2021 and 2020, which suggests a stronger liquidity position during those years. The gradual decline in the quick ratio from 2019 to 2023 may raise concerns about the company's short-term liquidity management, and further analysis of the underlying reasons for this trend would be advisable to assess the potential impact on Enviri Corp's financial health.