Sturm Ruger & Company Inc (RGR)
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 | 10,028 | 7,522 | 7,153 | 15,807 | 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 |
| Short-term investments | US$ in thousands | 95,453 | 88,455 | 98,490 | 99,486 | 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 |
| Receivables | US$ in thousands | 67,145 | 60,157 | 56,119 | 65,815 | 59,864 | 59,899 | 53,066 | — | 65,449 | — | — | — | 57,036 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 60,809 | 54,970 | 52,021 | 50,052 | 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 |
| Quick ratio | 2.84 | 2.84 | 3.11 | 3.62 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($10,028K
+ $95,453K
+ $67,145K)
÷ $60,809K
= 2.84
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 indicates that a company has enough liquid assets to cover its current liabilities.
Based on the provided data for Sturm Ruger & Company Inc, the quick ratio has exhibited fluctuations over the reported periods. As of December 31, 2024, the quick ratio stands at 2.84, indicating the company has $2.84 in liquid assets available to cover each $1 of current liabilities.
The trend in the quick ratio for Sturm Ruger & Company Inc shows variations over time, with some periods showing significant increases or decreases in liquidity. It is noteworthy that the quick ratio peaked at 3.83 on June 30, 2022, and reached its lowest point at 1.73 on December 31, 2020.
Overall, a quick ratio above 1 generally suggests that Sturm Ruger & Company Inc has maintained a healthy level of liquidity during the analyzed periods, indicating its ability to meet short-term obligations. However, it is essential to monitor the trend and ensure that the company maintains sufficient liquidity to cover its current liabilities in the future.
Peer comparison
Dec 31, 2024