Regal Beloit Corporation (RRX)
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 | 393,500 | 458,600 | 510,400 | 465,300 | 574,000 | 540,600 | 659,600 | 1,143,300 | 688,500 | 723,600 | 702,500 | 624,700 | 672,800 | 328,600 | 618,500 | 566,400 | 611,300 | 487,500 | 432,200 | 604,500 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,215,700 | 1,208,600 | 1,226,900 | 1,248,500 | 1,326,400 | 1,305,400 | 1,381,100 | 1,405,800 | 1,002,200 | 1,052,800 | 1,120,800 | 1,056,600 | 1,095,300 | 768,900 | 938,800 | 871,000 | 822,000 | 830,800 | 578,400 | 580,300 |
| Quick ratio | 0.32 | 0.38 | 0.42 | 0.37 | 0.43 | 0.41 | 0.48 | 0.81 | 0.69 | 0.69 | 0.63 | 0.59 | 0.61 | 0.43 | 0.66 | 0.65 | 0.74 | 0.59 | 0.75 | 1.04 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($393,500K
+ $—K
+ $—K)
÷ $1,215,700K
= 0.32
The quick ratio of Regal Beloit Corporation has shown fluctuating trends over the past few years. As of December 31, 2024, the quick ratio stood at 0.32, indicating that the company may have difficulty meeting its short-term obligations with its most liquid assets.
Analyzing the historical quick ratio trend, we observe that there was a notable decline from March 31, 2023, where the ratio was 0.81, to June 30, 2023, where it dropped to 0.48. This significant decrease suggests a potential strain on the company's ability to cover its immediate liabilities with its quick assets.
The quick ratio fluctuated further, reaching its lowest point of 0.32 by December 31, 2024, indicating a continued challenge in maintaining sufficient liquid assets to meet short-term obligations.
It is important for stakeholders to monitor this ratio closely to ensure the company's liquidity position does not deteriorate further and to assess Regal Beloit Corporation's ability to meet its short-term financial commitments effectively.
Peer comparison
Dec 31, 2024