Standex International Corporation (SXI)
Quick ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 104,542 | 154,203 | 195,706 | 104,844 | 136,367 |
| Short-term investments | US$ in thousands | — | 4,673 | 10,235 | — | — |
| Receivables | US$ in thousands | 172,702 | 166,758 | 155,409 | 141,754 | 124,896 |
| Total current liabilities | US$ in thousands | 166,975 | 127,565 | 140,967 | 150,768 | 143,709 |
| Quick ratio | 1.66 | 2.55 | 2.56 | 1.64 | 1.82 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($104,542K
+ $—K
+ $172,702K)
÷ $166,975K
= 1.66
The quick ratio of Standex International Corporation demonstrates fluctuations over the observed periods from June 30, 2021, to June 30, 2025. Initially, the ratio was at 1.82 in 2021, indicating that the company possessed sufficient liquid assets to cover its current liabilities without reliance on inventory. This ratio declined to 1.64 in 2022, suggesting a modest reduction in liquidity or a relative increase in current liabilities or decrease in liquid assets during that period.
By June 30, 2023, the quick ratio experienced a significant increase to 2.56, reflecting an improved liquidity position whereby the company's liquid assets exceeded its current liabilities by a substantial margin. This enhancement implies better short-term financial health and a more conservative liquidity management strategy. The ratio remained relatively stable in the subsequent year at 2.55 in June 2024, indicating sustained liquidity levels consistent with the prior year.
However, a notable decline occurred by June 30, 2025, with the ratio decreasing to 1.66. While still above 1, this reduction suggests a narrowing of liquidity buffers, potentially due to increased current liabilities, decreased liquid assets, or a combination of both. The overall trend indicates that Standex International's liquidity position has experienced variability, with periods of both strengthening and weakening, yet it generally maintains a level of liquidity comfortably above the commonly accepted threshold of 1.0, signifying the ability to meet short-term obligations with liquid assets.
Peer comparison
Jun 30, 2025