Stanley Black & Decker Inc (SWK)
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 | 449,400 | 347,800 | 391,400 | 387,600 | 395,600 | 408,700 | 282,300 | 165,800 | 142,100 | 292,700 | 440,400 | 949,200 | 1,241,900 | 683,000 | 859,800 | 987,100 | 297,700 | 311,700 | 310,700 | 281,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,555,900 | 1,723,100 | 1,812,200 | — | 1,326,500 | — | — | — | 1,585,800 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,883,200 | 5,663,300 | 6,139,600 | 6,239,300 | 6,569,200 | 7,607,000 | 11,760,700 | 10,955,000 | 8,767,400 | 5,580,800 | 5,402,500 | 4,578,400 | 4,558,300 | 4,221,800 | 4,578,300 | 5,370,300 | 4,405,700 | 5,441,900 | 5,653,100 | 5,766,200 |
| Quick ratio | 0.34 | 0.37 | 0.36 | 0.06 | 0.26 | 0.05 | 0.02 | 0.02 | 0.20 | 0.05 | 0.08 | 0.21 | 0.27 | 0.16 | 0.19 | 0.18 | 0.07 | 0.06 | 0.05 | 0.05 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($449,400K
+ $—K
+ $1,555,900K)
÷ $5,883,200K
= 0.34
The quick ratio is a liquidity ratio that measures a company's ability to meet its short-term obligations using its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities.
Looking at the historical data for Stanley Black & Decker Inc's quick ratio, we can see fluctuations over time. The quick ratio ranged from a low of 0.02 to a high of 0.37 over the past few years. A quick ratio of 0.34 at Dec 31, 2023, suggests that the company had $0.34 of liquid assets available to cover $1 of current liabilities, indicating a relatively weaker position compared to a ratio of 1 or higher.
It is worth noting the significant fluctuation in the quick ratio over the periods, with some quarters showing very low ratios below 0.1, which may raise concerns about the company's ability to cover its short-term obligations. Investors and creditors may want to further investigate the reasons behind these fluctuations to assess the company's liquidity risk and financial stability.
Peer comparison
Dec 31, 2023