Parsons Corp (PSN)
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 | 453,548 | 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 |
| 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 |
| Receivables | US$ in thousands | 1,492,630 | 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 |
| Total current liabilities | US$ in thousands | 1,915,640 | 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 |
| Quick ratio | 1.02 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($453,548K
+ $—K
+ $1,492,630K)
÷ $1,915,640K
= 1.02
The quick ratio of Parsons Corp, a measure of its short-term liquidity and ability to cover immediate financial obligations, has shown fluctuations over the past few years. From March 31, 2020, to December 31, 2024, the quick ratio ranged from 0.94 to 1.35.
The quick ratio improved from 0.96 in March 2020 to 1.33 in March 2024, indicating the company's enhanced ability to meet its short-term liabilities using its most liquid assets. Notably, there were periods of volatility, with the ratio dropping to 0.94 in September 2022 but then recovering to 1.35 in June 2024.
Overall, the quick ratio of Parsons Corp generally remained above 1 during most periods, suggesting a healthy liquidity position. However, the fluctuations in the ratio indicate the company may have experienced some variability in its ability to quickly convert assets into cash to meet its short-term obligations.
Peer comparison
Dec 31, 2024