nVent Electric PLC (NVT)
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 | 131,200 | 137,100 | 274,000 | 211,400 | 185,100 | 113,300 | 138,500 | 303,100 | 297,500 | 194,000 | 55,800 | 51,100 | 49,500 | 46,000 | 101,800 | 104,900 | 122,500 | 159,800 | 235,000 | 187,900 |
| Short-term investments | US$ in thousands | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 801,600 | 776,200 | 654,100 | 690,300 | 733,600 | 659,400 | 620,600 | 601,300 | 649,500 | 645,000 | 612,100 | 588,300 | 636,300 | 571,200 | 535,800 | 463,800 | 450,000 | 409,900 | 386,200 | 409,200 |
| Quick ratio | 0.16 | 0.18 | 0.42 | 0.31 | 0.25 | 0.17 | 0.22 | 0.50 | 0.46 | 0.30 | 0.09 | 0.09 | 0.08 | 0.08 | 0.19 | 0.23 | 0.27 | 0.39 | 0.61 | 0.46 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($131,200K
+ $0K
+ $—K)
÷ $801,600K
= 0.16
The quick ratio of nVent Electric PLC has shown fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. The ratio ranged from a low of 0.08 to a high of 0.61 during this time frame. Initially, the quick ratio improved from 0.46 on March 31, 2020, to 0.61 on June 30, 2020, indicating a stronger ability to cover short-term liabilities with liquid assets. However, the ratio then decreased to 0.08 by September 30, 2021, suggesting potential liquidity challenges.
Subsequently, there were some improvements in the quick ratio, reaching a peak of 0.50 on March 31, 2023, before declining again. Notably, the quick ratio recovered to 0.46 by December 31, 2022, showing a positive trend in liquidity. Overall, the quick ratio of nVent Electric PLC displays variability, reflecting fluctuations in the company's ability to meet short-term obligations with its liquid assets over the period under review.
Peer comparison
Dec 31, 2024