Resideo Technologies Inc (REZI)
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 | 692,000 | 531,000 | 413,000 | 603,000 | 636,000 | 368,000 | 381,000 | 292,000 | 326,000 | 252,000 | 251,000 | 244,000 | 779,000 | 686,000 | 579,000 | 508,000 | 517,000 | 260,000 | 362,000 | 338,000 |
| Short-term investments | US$ in thousands | — | — | 19,000 | 20,000 | 20,000 | 23,000 | 23,000 | 21,000 | 23,000 | 18,000 | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,790,000 | 1,672,000 | 1,594,000 | 1,385,000 | 1,525,000 | 1,467,000 | 1,524,000 | 1,469,000 | 1,546,000 | 1,542,000 | 1,579,000 | 1,546,000 | 1,494,000 | 1,532,000 | 1,511,000 | 1,446,000 | 1,538,000 | 1,645,000 | 1,662,000 | 1,755,000 |
| Quick ratio | 0.39 | 0.32 | 0.27 | 0.45 | 0.43 | 0.27 | 0.27 | 0.21 | 0.23 | 0.18 | 0.16 | 0.16 | 0.52 | 0.45 | 0.38 | 0.35 | 0.34 | 0.16 | 0.22 | 0.19 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($692,000K
+ $—K
+ $—K)
÷ $1,790,000K
= 0.39
The quick ratio of Resideo Technologies Inc fluctuated over the period under review, ranging from a low of 0.16 to a high of 0.52. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. Generally, a quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current liquid assets alone.
Between March 31, 2020, and June 30, 2021, the quick ratio saw a steady increase, indicating an improved liquidity position. However, there was a dip in the ratio in the subsequent quarters. Notably, there was a significant increase in the quick ratio at December 31, 2021, which suggests that the company may have strengthened its liquidity position at that point in time.
Although there were fluctuations in the quick ratio in the following periods, it remained above 0.16, signaling the company's ability to cover its current liabilities with its quick assets. Overall, the trend in the quick ratio indicates variations in Resideo Technologies Inc's liquidity position over the periods analyzed.