Service Corporation International (SCI)
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 | 218,766 | 185,420 | 184,431 | 205,595 | 221,557 | 172,710 | 172,516 | 157,831 | 191,938 | 167,965 | 206,242 | 300,556 | 268,626 | 406,947 | 436,796 | 243,726 | 230,857 | 220,304 | 222,234 | 176,261 |
| Short-term investments | US$ in thousands | — | 384 | — | — | -425,308 | 4,048,970 | 4,124,130 | — | 4,175,290 | 3,930,910 | 4,092,120 | — | 4,771,540 | 4,610,970 | 5,785,650 | 4,424,280 | 5,345,720 | 3,567,540 | 3,645,680 | — |
| Receivables | US$ in thousands | 94,341 | 80,955 | 87,073 | 89,854 | 97,939 | 84,118 | 84,012 | 100,864 | 96,681 | 86,471 | 93,479 | 103,034 | 106,051 | 99,996 | 89,972 | 89,590 | 92,939 | 79,980 | 76,963 | 75,064 |
| Total current liabilities | US$ in thousands | 723,839 | 743,186 | 742,692 | 726,148 | 749,100 | 712,872 | 688,333 | 767,399 | 799,280 | 706,588 | 715,111 | 775,205 | 728,261 | 724,262 | 691,492 | 841,782 | 815,934 | 622,134 | 606,825 | 587,294 |
| Quick ratio | 0.43 | 0.36 | 0.37 | 0.41 | -0.14 | 6.04 | 6.36 | 0.34 | 5.58 | 5.92 | 6.14 | 0.52 | 7.07 | 7.07 | 9.13 | 5.65 | 6.95 | 6.22 | 6.50 | 0.43 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($218,766K
+ $—K
+ $94,341K)
÷ $723,839K
= 0.43
The quick ratio of Service Corporation International has shown fluctuating trends over the years. As of December 31, 2024, the quick ratio stood at 0.43. This indicates that the company may have enough liquid assets to cover its current liabilities. However, it is essential to note that the quick ratio has been quite volatile in recent periods. This may suggest potential liquidity challenges or changes in the company's ability to quickly convert its assets into cash to meet its short-term obligations. Further analysis of the company's financial health and operational efficiency is recommended to gain a comprehensive understanding of its liquidity position.
Peer comparison
Dec 31, 2024