Rollins Inc (ROL)
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 | 89,630 | 95,282 | 106,697 | 112,971 | 103,825 | 142,247 | 154,747 | 112,503 | 95,346 | 121,876 | 220,964 | 258,338 | 105,301 | 117,655 | 128,528 | 117,322 | 98,477 | 95,440 | 134,829 | 92,582 |
| Short-term investments | US$ in thousands | — | 8,700 | 9,100 | 9,400 | 1,000 | 900 | 800 | 9,600 | 500 | 10,600 | 11,400 | 13,000 | 12,700 | 10,600 | 10,600 | — | — | — | — | — |
| Receivables | US$ in thousands | 236,382 | 265,741 | 245,142 | 212,971 | 215,239 | 236,644 | 214,062 | 189,025 | 189,377 | 202,527 | 192,577 | 164,252 | 165,731 | 180,160 | 18,204 | 19,101 | 20,085 | 19,109 | 19,466 | 14,914 |
| Total current liabilities | US$ in thousands | 645,162 | 622,068 | 609,950 | 591,936 | 576,689 | 581,696 | 575,701 | 467,356 | 493,784 | 509,769 | 517,744 | 480,897 | 491,162 | 477,496 | 518,744 | 507,788 | 472,511 | 469,139 | 478,173 | 417,868 |
| Quick ratio | 0.51 | 0.59 | 0.59 | 0.57 | 0.56 | 0.65 | 0.64 | 0.67 | 0.58 | 0.66 | 0.82 | 0.91 | 0.58 | 0.65 | 0.30 | 0.27 | 0.25 | 0.24 | 0.32 | 0.26 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($89,630K
+ $—K
+ $236,382K)
÷ $645,162K
= 0.51
Rollins Inc's quick ratio has shown some fluctuations over the past few years. Starting at a low of 0.26 on March 31, 2020, the quick ratio gradually improved, reaching its highest point of 0.91 on March 31, 2022. This indicates a significant strengthening in the company's liquidity position and ability to meet its short-term obligations using its most liquid assets.
However, there was a slight decrease in the quick ratio in the following quarters, dipping to 0.56 by December 31, 2023. This could suggest potential challenges in maintaining liquidity levels or managing short-term commitments efficiently.
Overall, the quick ratio for Rollins Inc has shown some volatility but generally remained above 1, indicating that the company has had sufficient liquid assets to cover its current liabilities throughout the analyzed period. Nonetheless, management should continue to monitor this ratio to ensure financial stability and the ability to meet short-term obligations effectively.
Peer comparison
Dec 31, 2024