Stericycle Inc (SRCL)
Quick ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 35,300 | 29,700 | 30,700 | 60,000 | 56,000 | 44,000 | 45,900 | 59,600 | 55,600 | 37,500 | 61,700 | 50,000 | 53,300 | 59,400 | 42,000 | 36,000 | 34,700 | 30,800 | 34,500 | 48,200 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 553,900 | 465,600 | 410,300 | 419,500 | 414,500 | 463,400 | 466,200 | 457,200 | 420,400 | 425,700 | 402,700 | 388,300 | 380,700 | 384,900 | 376,100 | 418,000 | 544,300 | 562,800 | 613,700 | 600,900 |
| Total current liabilities | US$ in thousands | 718,000 | 650,400 | 619,100 | 580,500 | 621,900 | 586,800 | 618,600 | 669,500 | 731,700 | 687,200 | 676,700 | 674,000 | 697,100 | 686,900 | 660,300 | 818,500 | 756,900 | 795,700 | 784,200 | 786,000 |
| Quick ratio | 0.82 | 0.76 | 0.71 | 0.83 | 0.76 | 0.86 | 0.83 | 0.77 | 0.65 | 0.67 | 0.69 | 0.65 | 0.62 | 0.65 | 0.63 | 0.55 | 0.76 | 0.75 | 0.83 | 0.83 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($35,300K
+ $—K
+ $553,900K)
÷ $718,000K
= 0.82
The quick ratio of Stericycle Inc. has fluctuated over the past eight quarters, ranging from a low of 0.85 to a high of 1.02. The quick ratio measures the company's ability to meet its short-term financial obligations using its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current quick assets alone.
In the most recent quarter, Q4 2023, the quick ratio was recorded at 0.94, which suggests that the company might slightly struggle to cover its short-term obligations with its readily available assets. However, it is important to note that the quick ratio has stayed relatively close to 1 over the given period, indicating that the company has managed to maintain a reasonable level of liquidity to meet its short-term financial commitments.
Overall, while the quick ratio for Stericycle Inc. has experienced some fluctuations, the trend indicates that the company has generally maintained a modest liquidity position to address its short-term obligations during the reviewed period.
Peer comparison
Dec 31, 2023