Rollins Inc (ROL)
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 | 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 | 94,276 | 104,342 | 98,466 | 116,607 |
| Short-term investments | US$ in thousands | 1,000 | 900 | 800 | 9,600 | 500 | 10,600 | 11,400 | — | — | — | — | — | — | — | — | — | — | 20 | — | — |
| Receivables | US$ in thousands | 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 | 145,033 | 155,886 | 152,294 | 123,851 |
| Total current liabilities | US$ in thousands | 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 | 410,035 | 410,880 | 414,341 | 352,712 |
| Quick ratio | 0.56 | 0.65 | 0.64 | 0.67 | 0.58 | 0.66 | 0.82 | 0.88 | 0.55 | 0.62 | 0.28 | 0.27 | 0.25 | 0.24 | 0.32 | 0.26 | 0.58 | 0.63 | 0.61 | 0.68 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($103,825K
+ $1,000K
+ $215,239K)
÷ $576,689K
= 0.56
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates a stronger liquidity position.
Looking at the data provided for Rollins, Inc., the quick ratio has fluctuated over the past eight quarters. In Q4 2023, the quick ratio was 0.65, which indicates that the company may have difficulty meeting its short-term obligations using only its most liquid assets. This is a decrease compared to the previous quarter's quick ratio of 0.76 in Q3 2023.
The quick ratio has shown volatility over the past year, with fluctuations between 0.65 and 0.97. The highest quick ratio was observed in Q1 2022 at 0.97, suggesting a stronger liquidity position at that time. However, the quick ratio has declined since then, hitting its lowest point in Q4 2023.
Overall, the trend in the quick ratio for Rollins, Inc. indicates some variability in the company's ability to cover its short-term obligations with its current assets. Further analysis and monitoring of liquidity management may be necessary to ensure the company's financial stability.
Peer comparison
Dec 31, 2023