SPX Corp (SPXC)
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 | 156,900 | 124,800 | 128,100 | 100,500 | 99,400 | 100,900 | 87,100 | 204,800 | 147,800 | 183,400 | 189,800 | 262,800 | 388,200 | 560,100 | 69,100 | 106,900 | 68,300 | 70,700 | 190,200 | 163,100 |
| Short-term investments | US$ in thousands | — | — | 3,800 | 5,800 | 7,500 | 9,600 | 9,000 | 9,100 | 8,700 | — | — | — | — | — | — | — | — | 70,300 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 418,300 | 446,300 | 633,300 | 694,800 | 401,200 | 493,700 | 489,600 | 393,900 | 333,800 | 374,400 | 368,200 | 393,900 | 439,500 | 477,500 | 707,600 | 586,800 | 584,900 | 562,200 | 704,000 | 702,100 |
| Quick ratio | 0.38 | 0.28 | 0.21 | 0.15 | 0.27 | 0.22 | 0.20 | 0.54 | 0.47 | 0.49 | 0.52 | 0.67 | 0.88 | 1.17 | 0.10 | 0.18 | 0.12 | 0.25 | 0.27 | 0.23 |
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, a measure of the company's ability to meet its short-term obligations with its most liquid assets, has shown fluctuations over the reported periods. The quick ratio started at a low point of 0.23 on March 31, 2020, indicating a potential liquidity concern. Subsequently, the ratio showed some improvement, reaching its peak at 1.17 on September 30, 2021, suggesting a stronger ability to cover short-term liabilities with liquid assets.
However, the quick ratio declined from the peak, dropping to 0.10 on June 30, 2021, raising concerns about liquidity management. The ratio varied in the following periods, demonstrating some instability in the company's ability to quickly convert assets into cash to meet obligations. Over the most recent periods, the quick ratio has ranged between 0.15 and 0.54, indicating some level of volatility in the company's short-term liquidity position.
Overall, the fluctuating trend in the quick ratio of SPX Corp suggests the need for continuous monitoring of liquidity management strategies to ensure the company can meet its short-term financial commitments effectively.
Peer comparison
Dec 31, 2024