Quanta Services Inc (PWR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 741,960 | 1,290,250 | 428,505 | 229,097 | 184,620 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,028,510 | 5,213,120 | 3,406,190 | 3,164,960 | 2,138,560 |
| Quick ratio | 0.12 | 0.25 | 0.13 | 0.07 | 0.09 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($741,960K
+ $—K
+ $—K)
÷ $6,028,510K
= 0.12
The quick ratio is a measure of a company's short-term liquidity and ability to meet its immediate financial obligations. Quanta Services Inc's quick ratio has fluctuated over the years, starting at 0.09 in 2020 and dropping to 0.07 in 2021, indicating a potential liquidity challenge. However, the ratio improved significantly to 0.13 in 2022, suggesting a better ability to cover short-term liabilities.
In 2023, the quick ratio increased further to 0.25, reflecting a strong liquidity position compared to the previous years. However, there was a decrease in the ratio to 0.12 in 2024, which might indicate a slight decrease in the company's ability to quickly cover its current liabilities.
Overall, the trend in Quanta Services Inc's quick ratio shows some variability, which may warrant further analysis to understand the underlying reasons for the fluctuations in liquidity over the years.
Peer comparison
Dec 31, 2024