Gibraltar Industries Inc (ROCK)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 269,480 | 99,426 | 17,608 | 12,849 | 32,054 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 169,350 | 224,550 | 217,156 | 236,444 | 197,990 |
| Total current liabilities | US$ in thousands | 254,862 | 225,578 | 215,320 | 286,990 | 302,240 |
| Quick ratio | 1.72 | 1.44 | 1.09 | 0.87 | 0.76 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($269,480K
+ $—K
+ $169,350K)
÷ $254,862K
= 1.72
The quick ratio of Gibraltar Industries Inc has shown a positive trend over the past five years, increasing from 0.76 in December 31, 2020, to 1.72 in December 31, 2024. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has strengthened significantly. A quick ratio above 1 suggests that the company has an adequate level of easily convertible assets to cover its short-term liabilities, reflecting improved liquidity and financial health. Overall, the increasing trend in the quick ratio demonstrates an enhanced ability of Gibraltar Industries Inc to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024