Enviri Corporation (NVRI)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 88,359 | 121,239 | 81,332 | 82,908 | 76,454 |
| Short-term investments | US$ in thousands | — | 1,443 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 566,382 | 655,233 | 597,281 | 601,391 | 537,955 |
| Quick ratio | 0.16 | 0.19 | 0.14 | 0.14 | 0.14 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($88,359K
+ $—K
+ $—K)
÷ $566,382K
= 0.16
The quick ratio of Enviri Corporation has been relatively stable over the past five years, with values ranging from 0.14 to 0.19. This ratio indicates the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities with its current liquid assets alone.
Enviri Corporation's quick ratio of 0.14 in 2020, 2021, and 2022 indicates a potential liquidity challenge, as the company may have limited liquid assets compared to its current liabilities during these periods. However, there was a slight improvement in the quick ratio to 0.19 in 2023, which suggests an enhanced ability to cover short-term obligations with liquid assets. The ratio decreased to 0.16 in 2024, indicating a slight decrease in liquidity compared to the previous year.
Overall, Enviri Corporation's quick ratio analysis suggests that the company may have faced liquidity challenges in the past but showed slight improvement in 2023. It would be essential for the company to continue monitoring and managing its liquidity position to ensure it can meet its short-term obligations effectively.