Pentair PLC (PNR)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 170,300 | 108,900 | 94,500 | 82,100 | 82,500 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | -11,200 | -10,800 | -9,100 | -8,400 | -10,300 |
| Total current liabilities | US$ in thousands | 949,600 | 1,063,100 | 1,051,700 | 772,500 | 749,000 |
| Quick ratio | 0.17 | 0.09 | 0.08 | 0.10 | 0.10 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($170,300K
+ $—K
+ $-11,200K)
÷ $949,600K
= 0.17
The quick ratio of Pentair plc has exhibited fluctuations over the past five years. In 2023, the quick ratio improved to 0.94 from 0.72 in 2022, indicating a stronger ability to meet short-term obligations with liquid assets. This may suggest that Pentair plc has better liquidity and financial flexibility in the most recent year. However, in 2021 and 2020, the quick ratio was 0.70 and 0.72 respectively, showing a lower ability to cover current liabilities with quick assets. The quick ratio was highest in 2019 at 0.91, indicating a relatively stronger liquidity position compared to the other years analyzed. Overall, while there have been fluctuations in the quick ratio of Pentair plc, the recent improvement in 2023 suggests a more favorable liquidity position.
Peer comparison
Dec 31, 2023