Pitney Bowes Inc (PBI)
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 | 469,726 | 561,538 | 590,147 | 516,092 | 601,053 | 557,696 | 541,704 | 511,761 | 669,981 | 596,647 | 570,697 | 622,575 | 732,480 | 729,149 | 799,470 | 680,727 | 921,450 | 799,177 | 862,897 | 663,072 |
| Short-term investments | US$ in thousands | 16,374 | 13,972 | 21,852 | 21,859 | 22,166 | 21,732 | 18,972 | 15,614 | 11,172 | 10,014 | 11,519 | 11,383 | 14,440 | 14,060 | 14,904 | 16,200 | 18,974 | 21,185 | 153,221 | 67,180 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,672,730 | 1,684,550 | 1,678,190 | 1,625,420 | 1,730,410 | 1,640,530 | 1,856,620 | 1,798,670 | 1,727,800 | 1,598,640 | 1,628,930 | 1,667,250 | 1,727,940 | 1,688,760 | 1,717,240 | 1,594,260 | 1,870,460 | 1,577,910 | 1,678,520 | 1,442,520 |
| Quick ratio | 0.29 | 0.34 | 0.36 | 0.33 | 0.36 | 0.35 | 0.30 | 0.29 | 0.39 | 0.38 | 0.36 | 0.38 | 0.43 | 0.44 | 0.47 | 0.44 | 0.50 | 0.52 | 0.61 | 0.51 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($469,726K
+ $16,374K
+ $—K)
÷ $1,672,730K
= 0.29
The quick ratio of Pitney Bowes Inc has shown a decreasing trend over the periods provided. The company's quick ratio was 0.51 as of March 31, 2020, and has steadily declined to 0.29 as of March 31, 2024. This downward trend indicates that Pitney Bowes Inc may be experiencing challenges in meeting its short-term obligations using its most liquid assets.
A quick ratio below 1.0 typically suggests that a company may have difficulty covering its current liabilities with its current assets that can be quickly converted into cash. In Pitney Bowes Inc's case, the decreasing quick ratio implies a potential liquidity risk as the company may struggle to pay off its short-term debts without relying on external financing.
It is important for investors and stakeholders to closely monitor Pitney Bowes Inc's liquidity position and assess the reasons behind the declining quick ratio to better understand the company's financial health and ability to manage its short-term obligations.