RBC Bearings Incorporated (RBC)
Quick ratio
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 36,800 | 60,600 | 89,100 | 76,800 | 63,500 | 71,600 | 56,600 | 56,700 | 65,400 | 82,036 | 88,495 | 119,587 | 182,862 | 255,503 | 1,348,610 | 1,348,610 | 151,086 | 126,192 | 166,352 | 143,615 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 120,320 | 120,320 | 90,249 | 75,539 | — | — |
| Receivables | US$ in thousands | 307,600 | 256,100 | 255,400 | 262,700 | 262,100 | 229,800 | 250,700 | 251,800 | 239,600 | 214,536 | 236,527 | 239,862 | 247,487 | 199,785 | 109,650 | 109,650 | 110,472 | 106,506 | 108,078 | 113,184 |
| Total current liabilities | US$ in thousands | 315,300 | 292,700 | 293,900 | 330,300 | 294,300 | 291,600 | 288,300 | 316,000 | 309,300 | 282,672 | 306,249 | 330,405 | 313,460 | 343,036 | 112,291 | 112,291 | 88,238 | 88,412 | 88,510 | 100,290 |
| Quick ratio | 1.09 | 1.08 | 1.17 | 1.03 | 1.11 | 1.03 | 1.07 | 0.98 | 0.99 | 1.05 | 1.06 | 1.09 | 1.37 | 1.33 | 14.06 | 14.06 | 3.99 | 3.49 | 3.10 | 2.56 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($36,800K
+ $—K
+ $307,600K)
÷ $315,300K
= 1.09
The Quick ratio, also known as the acid-test ratio, measures a company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio above 1.0 indicates that a company has more liquid assets than current liabilities, suggesting a strong ability to meet its short-term obligations.
Looking at the data provided for RBC Bearings Incorporated:
- The Quick ratio started at a healthy level of 2.56 on June 30, 2020, which improved steadily to 3.99 by March 31, 2021. This upward trend indicated a strong liquidity position for the company during that period.
- However, a significant spike was observed on June 30, 2021, and September 30, 2021, with the Quick ratio jumping to 14.06. This may have been influenced by a temporary increase in liquid assets or a decrease in current liabilities during those quarters.
- Subsequently, from December 31, 2021, to March 31, 2025, the Quick ratio exhibited fluctuations within a range of 0.98 to 1.17. These fluctuations may suggest changes in the company's liquidity position over time.
- Overall, the Quick ratio for RBC Bearings Incorporated remained mostly above 1.0, indicating generally good liquidity levels and the ability to meet short-term obligations. However, some fluctuations in the ratio over time may warrant further investigation into the company's assets and liabilities management.
Peer comparison
Mar 31, 2025