Standex International Corporation (SXI)
Quick ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 154,203 | 138,799 | 142,424 | 126,830 | 195,706 | 175,284 | 113,494 | 103,428 | 104,844 | 133,902 | 147,155 | 130,683 | 136,367 | 118,040 | 109,110 | 93,698 | 118,809 | 109,297 | 98,919 | 90,244 |
| Short-term investments | US$ in thousands | 4,900 | 2,700 | 2,760 | 2,643 | 3,700 | 9,539 | 11,621 | 12,191 | — | 6,881 | 1,006 | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 121,365 | 123,118 | 129,411 | 128,108 | 124,271 | 124,364 | 122,845 | 120,365 | 123,605 | 131,012 | 119,132 | 117,708 | 122,633 | 119,239 | 106,866 | 110,833 | 106,351 | 106,563 | 115,319 | 115,482 |
| Total current liabilities | US$ in thousands | 127,565 | 122,348 | 130,542 | 131,657 | 140,967 | 130,587 | 132,415 | 124,418 | 150,768 | 141,739 | 138,010 | 135,170 | 143,709 | 131,941 | 117,886 | 114,397 | 122,877 | 136,803 | 145,274 | 134,712 |
| Quick ratio | 2.20 | 2.16 | 2.10 | 1.96 | 2.30 | 2.37 | 1.87 | 1.90 | 1.52 | 1.92 | 1.94 | 1.84 | 1.80 | 1.80 | 1.83 | 1.79 | 1.83 | 1.58 | 1.47 | 1.53 |
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 displayed some fluctuations over the various reporting periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio is generally seen as favorable as it indicates a strong liquidity position.
From the data provided, we observe that the quick ratio has ranged from a low of 1.47 to a high of 2.37 over the past few quarters. The quick ratio peaked at 2.37 in March 2023, indicating a strong ability to cover short-term obligations with liquid assets. However, there were fluctuations in subsequent periods, with the ratio decreasing to 1.47 in September 2019, which may raise concerns about liquidity management during that period.
Overall, the quick ratio for Standex International Corporation has generally remained above 1, indicating that the company has been able to meet its short-term obligations comfortably with its quick assets. It is important for the company to maintain a strong quick ratio to ensure it can handle unexpected cash flow needs and continue to operate smoothly.
Peer comparison
Jun 30, 2024