Simpson Manufacturing Company Inc (SSD)
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 | 239,371 | 339,427 | 354,851 | 369,122 | 429,822 | 571,006 | 407,982 | 252,541 | 300,742 | 309,262 | 246,134 | 984,372 | 301,155 | 294,180 | 305,796 | 257,428 | 274,639 | 311,465 | 315,448 | 301,741 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 300,742 | — | — | — | 301,155 | — | — | — | 2,466 | 2,475 | — | — |
| Receivables | US$ in thousands | 284,392 | 360,350 | 377,584 | 343,414 | 283,975 | 351,164 | 387,917 | 339,674 | 269,124 | 334,449 | 375,130 | 320,428 | 231,021 | 236,535 | 249,931 | 227,201 | 165,128 | 226,447 | 233,867 | 168,736 |
| Total current liabilities | US$ in thousands | 366,348 | 377,951 | 360,325 | 352,441 | 361,257 | 427,569 | 396,948 | 330,666 | 348,563 | 346,166 | 361,396 | 306,849 | 244,602 | 245,477 | 232,454 | 224,814 | 194,061 | 191,161 | 193,414 | 162,851 |
| Quick ratio | 1.43 | 1.85 | 2.03 | 2.02 | 1.98 | 2.16 | 2.01 | 1.79 | 2.50 | 1.86 | 1.72 | 4.25 | 3.41 | 2.16 | 2.39 | 2.16 | 2.28 | 2.83 | 2.84 | 2.89 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($239,371K
+ $—K
+ $284,392K)
÷ $366,348K
= 1.43
The quick ratio of Simpson Manufacturing Company Inc has shown fluctuating trends over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020, to June 30, 2021, the quick ratio remained relatively stable, ranging between 2.16 to 2.89, indicating a strong ability to cover its short-term liabilities with liquid assets.
However, there was a significant decrease in the quick ratio from June 30, 2021, to June 30, 2022, falling to 1.72. This decrease may indicate potential liquidity challenges or a change in the composition of the company's current assets.
The quick ratio improved from March 31, 2022, to December 31, 2022, reaching 4.25, indicating a substantial increase in liquidity and the company's ability to cover short-term obligations comfortably.
Subsequently, the quick ratio declined from March 31, 2023, to December 31, 2024, fluctuating between 1.43 to 2.03. These lower ratios may suggest a need for closer monitoring of the company's liquidity position to ensure it can meet its short-term obligations effectively.
Overall, the fluctuating quick ratio trends of Simpson Manufacturing Company Inc suggest varying levels of liquidity and highlight the importance of closely monitoring the company's ability to meet its short-term obligations with its liquid assets.
Peer comparison
Dec 31, 2024