Pentair PLC (PNR)
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 | 118,700 | 218,100 | 214,300 | 109,100 | 170,300 | 137,000 | 141,600 | 119,200 | 108,900 | 118,800 | 135,100 | 102,300 | 94,500 | 173,200 | 95,900 | 95,000 | 82,100 | 82,600 | 90,600 | 169,300 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | -9,100 | -9,900 | -10,600 | -12,000 | -11,200 | -10,700 | -10,900 | -11,400 | -10,800 | -10,300 | -12,300 | -12,000 | -9,100 | -9,800 | -9,300 | -8,000 | -8,400 | -8,700 | -8,800 | -8,600 |
| Total current liabilities | US$ in thousands | 895,100 | 928,800 | 950,400 | 919,300 | 949,600 | 1,001,900 | 1,060,600 | 1,001,600 | 1,063,100 | 1,100,500 | 1,056,100 | 1,014,400 | 1,051,700 | 1,016,000 | 931,100 | 823,900 | 772,500 | 818,900 | 750,600 | 682,800 |
| Quick ratio | 0.12 | 0.22 | 0.21 | 0.11 | 0.17 | 0.13 | 0.12 | 0.11 | 0.09 | 0.10 | 0.12 | 0.09 | 0.08 | 0.16 | 0.09 | 0.11 | 0.10 | 0.09 | 0.11 | 0.24 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($118,700K
+ $—K
+ $-9,100K)
÷ $895,100K
= 0.12
The quick ratio of Pentair PLC has fluctuated over the years, ranging from a low of 0.08 to a high of 0.24. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
From the data provided, we can observe that the quick ratio has generally been below 1, indicating potential liquidity concerns for Pentair PLC. The company experienced improvements in its quick ratio in some quarters, reaching a high of 0.24 on March 31, 2020, but overall, the quick ratio has remained relatively low.
It is worth noting that the quick ratio decreased significantly throughout 2020 and 2021, reaching a low of 0.08 on December 31, 2021. However, there was a slight improvement in the quick ratio in the following quarters, with the ratio ranging between 0.09 and 0.22 up to December 31, 2024.
Overall, the analysis of Pentair PLC's quick ratio suggests that the company has had challenges in maintaining a comfortable level of liquidity to meet its short-term obligations. Investors and stakeholders may want to monitor this ratio closely to assess the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024