SPX Corp (SPXC)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 156,900 | 99,400 | 147,800 | 388,200 | 68,300 |
| Short-term investments | US$ in thousands | — | 7,500 | 8,700 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 418,300 | 401,200 | 333,800 | 439,500 | 584,900 |
| Quick ratio | 0.38 | 0.27 | 0.47 | 0.88 | 0.12 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($156,900K
+ $—K
+ $—K)
÷ $418,300K
= 0.38
The quick ratio of SPX Corp has shown fluctuating trends over the years, starting at a low of 0.12 on December 31, 2020, then improving significantly to 0.88 by December 31, 2021. However, there was a notable decline to 0.47 by December 31, 2022, followed by a further decrease to 0.27 by December 31, 2023. The ratio slightly recovered to 0.38 by December 31, 2024.
These fluctuations indicate varying levels of liquidity and the ability of SPX Corp to meet its short-term obligations without relying on inventory. The initial low ratio in 2020 may have raised concerns about the company's liquidity position, but the subsequent improvement in 2021 was noteworthy. The decline in 2022 and 2023 suggests potential liquidity challenges, which may necessitate a closer review of the company's current assets and liabilities management. The slight recovery in 2024 is positive but still indicates a need for monitoring and potential improvement in the company's liquidity management strategies.
Peer comparison
Dec 31, 2024