Pool Corporation (POOL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 77,862 | 66,540 | 45,591 | 24,321 | 34,128 |
| Short-term investments | US$ in thousands | — | — | — | — | 223 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 844,186 | 770,766 | 675,714 | 744,416 | 483,249 |
| Quick ratio | 0.09 | 0.09 | 0.07 | 0.03 | 0.07 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($77,862K
+ $—K
+ $—K)
÷ $844,186K
= 0.09
The quick ratio of Pool Corporation has shown some fluctuations over the past five years. Starting at 0.07 on December 31, 2020, it decreased to 0.03 on December 31, 2021, indicating a potential liquidity challenge. However, there was an improvement to 0.07 by December 31, 2022, suggesting a better liquidity position. Subsequently, the quick ratio further increased to 0.09 by both December 31, 2023, and December 31, 2024, which indicates a more favorable liquidity position as the company likely had sufficient liquid assets to cover its current liabilities. Overall, the company's quick ratio has displayed a mix of weaknesses and strengths in liquidity management over the five-year period.