Standard Motor Products Inc (SMP)
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 | 44,426 | 26,348 | 26,156 | 27,113 | 32,526 | 28,485 | 23,019 | 24,196 | 21,150 | 17,525 | 14,186 | 19,999 | 21,755 | 33,144 | 27,453 | 17,100 | 19,488 | 16,781 | 22,510 | 13,268 |
| Short-term investments | US$ in thousands | — | — | — | — | 1,944 | — | — | — | — | — | — | — | — | 42,123 | 42,070 | 40,684 | 40,507 | 38,945 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 436,472 | 352,520 | 332,166 | 299,212 | 304,263 | 373,342 | 348,489 | 321,424 | 323,131 | 373,864 | 410,220 | 578,128 | 476,369 | 478,371 | 447,067 | 313,424 | 302,602 | 303,814 | 337,606 | 348,207 |
| Quick ratio | 0.10 | 0.07 | 0.08 | 0.09 | 0.11 | 0.08 | 0.07 | 0.08 | 0.07 | 0.05 | 0.03 | 0.03 | 0.05 | 0.16 | 0.16 | 0.18 | 0.20 | 0.18 | 0.07 | 0.04 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($44,426K
+ $—K
+ $—K)
÷ $436,472K
= 0.10
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio of Standard Motor Products Inc has shown fluctuations over the periods provided. It was extremely low at 0.04 as of March 31, 2020, indicating a potential liquidity issue. However, the ratio improved gradually, reaching its peak at 0.20 by December 31, 2020, which suggests the company had sufficient liquid assets to cover its current liabilities.
Subsequently, the quick ratio fluctuated between 0.16 and 0.05 until December 31, 2021, indicating some instability in the company's ability to cover its short-term obligations. The ratio dropped to its lowest point of 0.03 by June 30, 2022, which could raise concerns about liquidity management.
By the end of the period provided, December 31, 2024, the quick ratio had improved to 0.10. Overall, the fluctuations in the quick ratio of Standard Motor Products Inc suggest varying levels of liquidity risk and efficiency in managing short-term liabilities over the analyzed period.
Peer comparison
Dec 31, 2024