Powell Industries Inc (POWL)
Quick ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 315,331 | 332,012 | 323,256 | 321,400 | 245,875 | 183,355 | 152,039 | 99,632 | 101,954 | 75,830 | 86,431 | 77,905 | 114,314 | 108,675 | 134,093 | 134,016 | 160,216 | 156,026 | 120,571 | 120,966 |
| Short-term investments | US$ in thousands | 43,061 | 42,033 | 42,083 | 33,943 | 33,134 | 26,414 | 11,085 | 11,070 | 14,554 | 22,682 | 27,143 | 23,622 | 19,667 | 20,165 | 19,852 | 15,694 | 18,705 | 7,330 | 0 | 0 |
| Receivables | US$ in thousands | 214,466 | 173,377 | 184,075 | 169,541 | 206,691 | 204,669 | 170,297 | 151,459 | 106,216 | 103,313 | 90,895 | 79,695 | 78,465 | 72,541 | 72,217 | 77,440 | 70,424 | 97,517 | 90,600 | 101,039 |
| Total current liabilities | US$ in thousands | 428,015 | 418,435 | 441,826 | 427,851 | 395,686 | 334,996 | 269,691 | 203,774 | 186,373 | 144,350 | 132,883 | 113,668 | 121,156 | 105,310 | 120,955 | 126,828 | 152,947 | 170,499 | 132,996 | 149,543 |
| Quick ratio | 1.34 | 1.31 | 1.24 | 1.23 | 1.23 | 1.24 | 1.24 | 1.29 | 1.20 | 1.40 | 1.54 | 1.59 | 1.75 | 1.91 | 1.87 | 1.79 | 1.63 | 1.53 | 1.59 | 1.48 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($315,331K
+ $43,061K
+ $214,466K)
÷ $428,015K
= 1.34
The quick ratio of Powell Industries Inc has exhibited some fluctuations over the past few quarters. As of September 30, 2024, the quick ratio stands at 1.34, indicating the company's ability to cover its current liabilities with its most liquid assets. The ratio has generally been above 1, suggesting the company has an adequate level of liquid assets to meet short-term obligations.
The quick ratio was relatively stable around 1.20 to 1.30 from September 2022 to June 2024, showing consistency in the company's liquidity position. However, there was a notable increase in the quick ratio in the first quarter of 2022, peaking at 1.75, followed by a decline in subsequent quarters.
Overall, Powell Industries Inc has maintained a strong liquidity position over the periods analyzed, with the quick ratio generally above 1. It is important to continue monitoring the quick ratio to ensure the company can meet its short-term obligations efficiently.
Peer comparison
Sep 30, 2024