Standex International Corporation (SXI)
Quick ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 154,203 | 195,706 | 104,844 | 136,367 | 118,809 |
| Short-term investments | US$ in thousands | 4,900 | 3,700 | — | — | — |
| Receivables | US$ in thousands | 121,365 | 124,271 | 123,605 | 122,633 | 106,351 |
| Total current liabilities | US$ in thousands | 127,565 | 140,967 | 150,768 | 143,709 | 122,877 |
| Quick ratio | 2.20 | 2.30 | 1.52 | 1.80 | 1.83 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($154,203K
+ $4,900K
+ $121,365K)
÷ $127,565K
= 2.20
The quick ratio of Standex International Corporation has shown a fluctuating trend over the past five years. The ratio was relatively high in 2023 and 2024, at 2.30 and 2.20 respectively, indicating a strong ability to cover its current liabilities with its most liquid assets. This suggests that the company may have sufficient short-term assets that can readily be converted into cash to meet its short-term obligations.
However, in 2022, the quick ratio dropped to 1.52, signaling a decrease in liquidity compared to the previous year. This could imply that the company's ability to meet its short-term obligations with its liquid assets was slightly weakened during that period.
The quick ratio improved in 2020 and 2021, standing at 1.83 and 1.80 respectively, suggesting a healthier liquidity position compared to 2022. Overall, while the company's quick ratio has shown some fluctuations, it has generally remained above 1, indicating that Standex International Corporation has generally maintained a strong ability to cover its short-term liabilities with its quick assets over the past five years.
Peer comparison
Jun 30, 2024