Sturm Ruger & Company Inc (RGR)
Quick ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 15,174 | 13,559 | 11,456 | 8,052 | 65,173 | 49,853 | 43,539 | 41,586 | 21,044 | 27,677 | 23,561 | 24,137 | 20,147 | 29,650 | 17,701 | 37,979 | 35,420 | 22,813 | 32,220 | 35,394 |
| Short-term investments | US$ in thousands | 102,485 | 106,451 | 126,211 | 122,027 | 159,132 | 165,308 | 165,000 | 169,990 | 199,971 | 164,996 | 149,994 | 121,997 | 121,007 | 103,977 | 208,882 | 149,575 | 129,488 | 114,507 | 99,562 | 99,524 |
| Receivables | US$ in thousands | 59,864 | 59,899 | 53,066 | — | 65,449 | — | — | — | 57,036 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 63,195 | 61,187 | 59,894 | 61,594 | 163,067 | 60,202 | 54,495 | 66,177 | 77,109 | 80,387 | 77,729 | 73,045 | 81,761 | 67,392 | 76,313 | 62,492 | 61,244 | 48,712 | 42,976 | 55,567 |
| Quick ratio | 2.81 | 2.94 | 3.18 | 2.11 | 1.78 | 3.57 | 3.83 | 3.20 | 3.61 | 2.40 | 2.23 | 2.00 | 1.73 | 1.98 | 2.97 | 3.00 | 2.69 | 2.82 | 3.07 | 2.43 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($15,174K
+ $102,485K
+ $59,864K)
÷ $63,195K
= 2.81
The quick ratio of Sturm, Ruger & Co., Inc. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the quick ratio stood at 3.03, indicating the company's ability to cover its short-term obligations with its most liquid assets. This ratio decreased from the previous quarter's 3.18 but remained relatively stable compared to earlier quarters.
The quick ratio was notably lower in Q4 2022 at 1.82, suggesting a weaker liquidity position, which improved significantly in subsequent quarters. The highest quick ratio of 5.08 was observed in Q3 2022, signifying a strong ability to meet short-term liabilities with liquid assets at that time.
Overall, the quick ratio of Sturm, Ruger & Co., Inc. has generally been above 1, indicating the company's ability to meet its short-term obligations. However, investors and analysts may want to further investigate the reasons behind the fluctuations in the quick ratio to assess the company's liquidity management and financial health accurately.
Peer comparison
Dec 31, 2023