Parsons Corp (PSN)
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 | 558,823 | 528,462 | 423,120 | 272,943 | 205,406 | 178,589 | 220,439 | 262,539 | 147,539 | 125,982 | 285,622 | 342,608 | 275,506 | 483,443 | 398,178 | 483,609 | 614,031 | 129,579 | 119,299 | 182,688 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 890 | 1,140 | 1,275 | 1,197 | 1,145 | 1,233 | 3,606 | 3,726 | 7,041 | 7,423 | 12,686 |
| Receivables | US$ in thousands | 1,456,080 | 1,396,810 | 1,376,000 | 1,188,850 | 1,230,330 | 1,253,220 | 1,028,850 | 936,290 | 938,174 | 968,222 | 852,368 | 765,801 | 815,873 | 821,273 | 870,136 | 888,800 | 1,028,020 | 952,603 | 978,503 | 890,451 |
| Total current liabilities | US$ in thousands | 1,649,550 | 1,426,950 | 1,353,700 | 1,410,880 | 1,394,090 | 1,294,900 | 1,140,070 | 1,108,120 | 1,149,480 | 1,098,790 | 1,008,860 | 1,030,780 | 1,060,660 | 1,077,420 | 1,110,670 | 1,187,410 | 1,246,550 | 1,130,950 | 1,151,320 | 1,144,380 |
| Quick ratio | 1.22 | 1.35 | 1.33 | 1.04 | 1.03 | 1.11 | 1.10 | 1.08 | 0.94 | 1.00 | 1.13 | 1.08 | 1.03 | 1.21 | 1.14 | 1.16 | 1.32 | 0.96 | 0.96 | 0.95 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($558,823K
+ $—K
+ $1,456,080K)
÷ $1,649,550K
= 1.22
The quick ratio of Parsons Corp has shown fluctuations over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its current liabilities.
The quick ratio for Parsons Corp ranged from 0.94 to 1.35 in the last 20 quarters. It peaked at 1.35 in Jun 2024, indicating a strong ability to meet short-term obligations using liquid assets. However, the ratio decreased to 0.94 in Sep 2022, which may suggest a potential liquidity concern.
Overall, Parsons Corp has generally maintained a healthy quick ratio above 1, with some fluctuations. Investors and stakeholders should continue to monitor changes in the quick ratio to assess the company's short-term liquidity position.
Peer comparison
Sep 30, 2024