Owens Corning Inc (OC)
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 | 361,000 | 499,000 | 254,000 | 1,254,000 | 1,615,000 | 1,323,000 | 968,000 | 757,000 | 1,099,000 | 751,000 | 810,000 | 748,000 | 959,000 | 920,000 | 888,000 | 605,000 | 717,000 | 647,000 | 582,000 | 234,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 38,000 | 29,000 | 21,000 | 11,000 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,244,000 | 1,577,000 | 1,680,000 | 1,410,000 | 987,000 | 1,300,000 | 1,413,000 | 1,388,000 | 961,000 | 1,304,000 | 1,358,000 | 1,395,000 | 939,000 | 1,141,000 | 1,226,000 | 1,167,000 | 919,000 | 1,016,000 | 986,000 | 931,000 |
| Total current liabilities | US$ in thousands | 2,297,000 | 2,682,000 | 2,722,000 | 2,268,000 | 2,324,000 | 1,826,000 | 1,832,000 | 1,933,000 | 2,104,000 | 2,014,000 | 1,974,000 | 1,999,000 | 1,697,000 | 1,686,000 | 1,637,000 | 1,467,000 | 1,440,000 | 1,351,000 | 1,393,000 | 1,430,000 |
| Quick ratio | 0.70 | 0.77 | 0.71 | 1.17 | 1.12 | 1.44 | 1.30 | 1.11 | 0.98 | 1.04 | 1.11 | 1.08 | 1.12 | 1.22 | 1.29 | 1.21 | 1.14 | 1.23 | 1.13 | 0.81 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($361,000K
+ $—K
+ $1,244,000K)
÷ $2,297,000K
= 0.70
The quick ratio of Owens Corning Inc fluctuated over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Initially, the quick ratio was below 1, indicating a potential liquidity issue as the company's current assets may not cover its current liabilities. However, from June 30, 2020, onwards, the quick ratio improved steadily, reaching a peak of 1.44 on September 30, 2023, indicating the company had significantly improved its ability to meet short-term obligations.
After reaching its peak, the quick ratio started to decline, dropping to 0.70 on December 31, 2024. This decline may raise concerns about the company's liquidity position as its current assets might not be sufficient to cover its current liabilities.
Overall, while the quick ratio of Owens Corning Inc showed fluctuations over the period, it generally trended upwards before experiencing a notable decline towards the end of the observation period. Further analysis is recommended to understand the factors contributing to these fluctuations in the quick ratio.