Enviri Corporation (NVRI)
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 | 88,359 | 110,243 | 107,506 | 107,408 | 124,614 | 95,592 | 85,484 | 91,759 | 81,332 | 81,740 | 96,782 | 85,216 | 82,908 | 75,578 | 77,870 | 79,308 | 76,454 | 83,859 | 81,784 | 66,488 |
| Short-term investments | US$ in thousands | — | — | 2,191 | 2,202 | 1,443 | 3,326 | 3,110 | 1,310 | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 566,382 | 619,079 | 593,887 | 577,783 | 655,233 | 592,889 | 606,967 | 618,278 | 597,281 | 591,698 | 598,393 | 593,560 | 601,391 | 578,282 | 550,913 | 518,732 | 537,955 | 539,966 | 512,984 | 450,750 |
| Quick ratio | 0.16 | 0.18 | 0.18 | 0.19 | 0.19 | 0.17 | 0.15 | 0.15 | 0.14 | 0.14 | 0.16 | 0.14 | 0.14 | 0.13 | 0.14 | 0.15 | 0.14 | 0.16 | 0.16 | 0.15 |
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 displayed fluctuations over the years based on the provided data. As of December 31, 2024, the quick ratio stands at 0.16. The quick ratio, also known as the acid-test ratio, measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
Enviri Corporation's quick ratio has ranged from 0.13 to 0.19 between March 31, 2020, and December 31, 2024. The lowest quick ratio recorded was 0.13 on September 30, 2021, suggesting a potential liquidity concern at that time. On the other hand, the highest quick ratio was 0.19 on March 31, 2024, indicating a stronger ability to cover short-term obligations.
Overall, fluctuations in the quick ratio of Enviri Corporation may be influenced by factors such as changes in the composition of current assets and liabilities, variations in sales and cash flow patterns, or management's strategic decisions regarding liquidity management. Investors and stakeholders may monitor these trends to assess the company's short-term liquidity position and financial health.