Gibraltar Industries Inc (ROCK)
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 | 269,480 | 228,879 | 179,102 | 146,665 | 99,426 | 85,465 | 18,621 | 7,497 | 17,608 | 21,919 | 17,149 | 15,573 | 12,849 | 13,934 | 16,963 | 20,731 | 32,054 | 179,816 | 120,859 | 85,966 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 169,350 | 206,842 | 259,358 | 230,971 | 224,550 | 256,400 | 266,487 | 230,132 | 217,156 | 275,704 | 275,596 | 245,807 | 236,444 | 260,624 | 225,315 | 199,598 | 197,990 | 203,488 | 193,609 | 172,452 |
| Total current liabilities | US$ in thousands | 254,862 | 306,593 | 285,485 | 263,599 | 225,578 | 313,015 | 293,048 | 239,693 | 215,320 | 282,368 | 303,528 | 287,701 | 286,990 | 279,736 | 286,809 | 258,667 | 302,240 | 269,493 | 240,143 | 221,523 |
| Quick ratio | 1.72 | 1.42 | 1.54 | 1.43 | 1.44 | 1.09 | 0.97 | 0.99 | 1.09 | 1.05 | 0.96 | 0.91 | 0.87 | 0.98 | 0.84 | 0.85 | 0.76 | 1.42 | 1.31 | 1.17 |
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 fluctuated over the periods indicated. It stood at 1.17 as of March 31, 2020, indicating that the company had $1.17 in liquid assets to cover every $1 of current liabilities. The ratio improved steadily to reach 1.54 by June 30, 2024, reflecting stronger short-term liquidity. However, there were some periods of decline, such as the notable drop to 0.76 by December 31, 2020, and 0.76 by March 31, 2021, suggesting potential liquidity challenges during those times. Overall, the trend shows varying levels of the company's ability to quickly cover its short-term financial obligations with its liquid assets.
Peer comparison
Dec 31, 2024