Quanta Services Inc (PWR)
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 | 741,960 | 764,067 | 520,383 | 531,056 | 1,293,900 | 305,355 | 361,966 | 217,115 | 428,505 | 215,395 | 150,653 | 238,258 | 229,097 | 1,696,210 | 212,473 | 200,218 | 184,620 | 216,935 | 530,670 | 377,205 |
| Short-term investments | US$ in thousands | — | — | — | 552,181 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,028,510 | 6,525,340 | 5,315,990 | 4,831,180 | 5,213,120 | 4,192,240 | 3,763,670 | 3,427,320 | 3,406,190 | 3,346,220 | 3,219,550 | 3,217,820 | 3,164,960 | 2,364,550 | 2,131,130 | 2,100,060 | 2,138,560 | 2,178,270 | 2,093,360 | 2,115,910 |
| Quick ratio | 0.12 | 0.12 | 0.10 | 0.22 | 0.25 | 0.07 | 0.10 | 0.06 | 0.13 | 0.06 | 0.05 | 0.07 | 0.07 | 0.72 | 0.10 | 0.10 | 0.09 | 0.10 | 0.25 | 0.18 |
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 of Quanta Services Inc over the period from March 31, 2020, to December 31, 2024, has shown fluctuations. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets excluding inventory.
The quick ratio started at a low point of 0.18 on March 31, 2020, indicating a relatively weak position in meeting short-term liabilities. It improved slightly to 0.25 on June 30, 2020, but then decreased significantly to 0.10 by September 30, 2020, and further to 0.09 by December 31, 2020. These lower ratios suggest a potential liquidity concern for the company during this period.
Subsequently, there was some fluctuation in the quick ratio, ranging between 0.07 to 0.13 until December 31, 2022. Notably, the quick ratio spiked to 0.72 on September 30, 2021, indicating a substantial improvement in liquidity and the company's ability to cover short-term debts with its quick assets.
However, the quick ratio dropped significantly to 0.05 on June 30, 2022, signaling a potential liquidity issue. The ratio remained below 0.10 in the following periods until March 31, 2024, where it increased to 0.22, suggesting a slight improvement in the company's short-term liquidity position.
Overall, the trend in Quanta Services Inc's quick ratio fluctuated over the period, indicating varying levels of liquidity and ability to meet short-term obligations with its readily available assets. It is important for stakeholders to closely monitor these ratios to assess the company's short-term financial health.
Peer comparison
Dec 31, 2024