O’Reilly Automotive Inc (ORLY)
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 | 130,245 | 115,613 | 145,042 | 89,264 | 279,132 | 82,664 | 57,880 | 59,872 | 108,583 | 67,060 | 253,904 | 191,546 | 362,113 | 449,302 | 631,618 | 610,880 | 465,640 | 1,627,100 | 872,423 | 287,067 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 8,283,500 | 8,185,160 | 8,123,210 | 7,888,390 | 7,661,350 | 7,831,080 | 7,693,700 | 7,356,310 | 7,063,820 | 6,841,480 | 6,413,190 | 6,170,870 | 5,874,620 | 5,989,750 | 5,771,610 | 5,903,080 | 5,262,420 | 5,669,380 | 5,022,140 | 4,624,930 |
| Quick ratio | 0.02 | 0.01 | 0.02 | 0.01 | 0.04 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.04 | 0.03 | 0.06 | 0.08 | 0.11 | 0.10 | 0.09 | 0.29 | 0.17 | 0.06 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($130,245K
+ $—K
+ $—K)
÷ $8,283,500K
= 0.02
The quick ratio of O’Reilly Automotive Inc has shown fluctuations over the past few years. The quick ratio measures a 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.
Based on the data provided:
- The quick ratio was relatively low at the beginning of the observation period in March 31, 2020, indicating a potential liquidity concern.
- The ratio improved by June 30, 2020, and further increased by September 30, 2020, suggesting better short-term liquidity.
- However, the quick ratio dipped significantly by December 31, 2020, before recovering slightly by March 31, 2021, and June 30, 2021.
- The ratio experienced fluctuations throughout 2022 and most of 2023, generally remaining below 0.1, indicating continued challenges with short-term liquidity.
- By the end of 2023, the quick ratio improved to 0.04, showing a slight recovery.
- The ratio continued to fluctuate around 0.02 during 2024, suggesting ongoing variability in short-term liquidity.
Overall, the quick ratio of O’Reilly Automotive Inc has been relatively low and unstable, indicating potential difficulties in meeting short-term obligations with its current liquid assets. Investors and analysts may want to monitor this ratio closely to assess the company's liquidity position accurately.
Peer comparison
Dec 31, 2024