Proto Labs Inc (PRLB)
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 | 89,071 | 87,873 | 96,149 | 92,804 | 83,790 | 83,496 | 66,493 | 62,051 | 56,558 | 59,361 | 54,666 | 57,239 | 65,929 | 47,802 | 41,909 | 43,774 | 127,603 | 118,254 | 98,003 | 91,905 |
| Short-term investments | US$ in thousands | 14,019 | 12,638 | 16,792 | 16,875 | 19,013 | 19,204 | 19,945 | 22,851 | 23,568 | 25,253 | 24,379 | 19,914 | 11,580 | 16,542 | 18,341 | 19,592 | 34,088 | 30,993 | 33,128 | 38,194 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 53,271 | 53,758 | 50,946 | 58,436 | 49,681 | 74,628 | 66,221 | 78,380 | 71,581 | 60,720 | 58,916 | 60,251 | 54,896 | 56,063 | 62,417 | 59,849 | 50,254 | 51,693 | 51,103 | 47,297 |
| Quick ratio | 1.94 | 1.87 | 2.22 | 1.88 | 2.07 | 1.38 | 1.31 | 1.08 | 1.12 | 1.39 | 1.34 | 1.28 | 1.41 | 1.15 | 0.97 | 1.06 | 3.22 | 2.89 | 2.57 | 2.75 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($89,071K
+ $14,019K
+ $—K)
÷ $53,271K
= 1.94
Proto Labs Inc's quick ratio has witnessed fluctuations over the past few years. Starting from March 31, 2020, the quick ratio was 2.75, indicating a strong liquidity position. However, there was a slight decrease in the ratio to 2.57 by June 30, 2020, before rebounding to 2.89 by September 30, 2020.
The quick ratio continued to improve, reaching a peak of 3.22 by December 31, 2020, showcasing a significant liquidity buffer. However, there was a substantial decline in the ratio to 1.06 by March 31, 2021, and further down to 0.97 by June 30, 2021, indicating a potential liquidity concern.
Subsequently, the quick ratio showed some recovery, increasing to 1.41 by December 31, 2021, and fluctuated around this level for the next few quarters. By December 31, 2023, the quick ratio had improved to 2.07, indicating a better liquidity position. However, it slightly decreased to 1.94 by December 31, 2024.
Overall, Proto Labs Inc's quick ratio indicates variations in its ability to meet short-term obligations with its liquid assets. Monitoring the trend of this ratio can provide insights into the company's liquidity management and financial health.
Peer comparison
Dec 31, 2024