Sterling Construction Company Inc (STRL)
Quick ratio
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 638,647 | 664,195 | 648,127 | 539,985 | 480,414 | 471,563 | 409,398 | 278,121 | 202,576 | 181,544 | 146,479 | 72,905 | 80,395 | 81,840 | 117,702 | 93,630 | 61,402 | 66,185 | 72,593 | 70,612 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 285,751 | 340,302 | 417,432 | 457,272 | 380,561 | 358,541 | 448,251 | 422,914 | 369,290 | 386,571 | 499,530 | 441,421 | 333,554 | 332,359 | 325,837 | 315,724 | 278,461 | 279,052 | 340,454 | 333,870 |
| Total current liabilities | US$ in thousands | 756,769 | 741,958 | 839,036 | 820,856 | 705,717 | 678,168 | 685,837 | 567,765 | 444,689 | 446,611 | 512,308 | 407,389 | 339,514 | 351,760 | 357,724 | 346,242 | 322,246 | 321,884 | 357,369 | 337,692 |
| Quick ratio | 1.22 | 1.35 | 1.27 | 1.21 | 1.22 | 1.22 | 1.25 | 1.23 | 1.29 | 1.27 | 1.26 | 1.26 | 1.22 | 1.18 | 1.24 | 1.18 | 1.05 | 1.07 | 1.16 | 1.20 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($638,647K
+ $—K
+ $285,751K)
÷ $756,769K
= 1.22
The quick ratio of Sterling Construction Company Inc. demonstrates a consistently strong liquidity position over the observed period from June 2020 through March 2025. Throughout this timeframe, the ratio remained generally stable, fluctuating within a narrow band from a low of approximately 1.05 in March 2021 to a high of around 1.35 at the end of December 2024.
Initially, the quick ratio declined slightly from 1.20 on June 30, 2020, to 1.07 by December 31, 2020, indicating a marginal decrease in the company's ability to meet short-term obligations with its most liquid assets during this period. However, the ratio recovered and exhibited a gradual upward trajectory beginning in early 2021, surpassing 1.1 by March 2021 and continuing to increase steadily thereafter.
From mid-2021 onward, the quick ratio maintained a relatively stable level, consistently exceeding 1.2, which signifies a robust margin of liquid assets relative to current liabilities. Notably, the ratio reached its peak at 1.35 at the end of December 2024, reflecting an enhanced liquidity position.
Overall, the trend indicates that Sterling Construction Company Inc. has maintained a solid liquidity profile, with the quick ratio remaining comfortably above the critical threshold of 1.0 throughout the analyzed period. This suggests that the company possesses sufficient liquid assets to meet its short-term liabilities without relying heavily on inventory sales, thereby demonstrating prudent liquidity management and financial stability over the years.
Peer comparison
Mar 31, 2025