Revvity Inc. (RVTY)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,163,400 | 913,163 | 454,358 | 603,320 | 387,054 |
| Short-term investments | US$ in thousands | 0 | 689,916 | 0 | 14,999 | 14,982 |
| Receivables | US$ in thousands | 632,400 | 632,811 | 612,780 | 1,023,790 | 1,155,110 |
| Total current liabilities | US$ in thousands | 653,100 | 1,450,460 | 1,544,480 | 1,213,740 | 1,652,190 |
| Quick ratio | 2.75 | 1.54 | 0.69 | 1.35 | 0.94 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,163,400K
+ $0K
+ $632,400K)
÷ $653,100K
= 2.75
The quick ratio of Revvity Inc. has exhibited fluctuations over the past five years. As of December 31, 2020, the quick ratio was 0.94, indicating that the company may have had difficulties meeting its short-term obligations with its most liquid assets. However, by December 31, 2021, the ratio improved to 1.35, suggesting a stronger ability to cover immediate liabilities using liquid assets.
The quick ratio decreased to 0.69 by December 31, 2022, raising concerns about the company's liquidity position. However, there was a significant improvement by December 31, 2023, with the ratio standing at 1.54, indicating a healthier liquidity position.
The most recent data as of December 31, 2024, shows a substantial increase in the quick ratio to 2.75, signaling a significant improvement in Revvity Inc.'s ability to cover short-term liabilities with its liquid assets. Overall, despite fluctuations, there seems to be an overall positive trend in the company's liquidity position over the five-year period.
Peer comparison
Dec 31, 2024