Standex International Corporation (SXI)
Quick ratio
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 104,542 | 109,810 | 121,147 | 164,584 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | 4,673 | 2,700 | 2,760 | 2,643 | 10,235 | 9,539 | 11,621 | 12,191 | — | 6,881 | 1,006 | — | — | — | — | — |
| Receivables | US$ in thousands | 172,702 | 228,288 | 208,771 | 168,784 | 166,758 | 120,501 | 125,575 | 127,164 | 155,409 | 121,161 | 119,907 | 113,556 | 117,075 | 115,428 | 107,107 | 105,435 | 109,883 | 107,960 | 100,585 | 103,031 |
| Total current liabilities | US$ in thousands | 166,975 | 143,070 | 138,153 | 125,997 | 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 |
| Quick ratio | 1.66 | 2.36 | 2.39 | 2.65 | 2.55 | 2.14 | 2.07 | 1.95 | 2.56 | 2.34 | 1.85 | 1.84 | 1.47 | 1.81 | 1.85 | 1.75 | 1.71 | 1.71 | 1.78 | 1.72 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($104,542K
+ $—K
+ $172,702K)
÷ $166,975K
= 1.66
The analysis of Standex International Corporation’s quick ratio over the specified period reveals a generally strong liquidity position, with values consistently above 1.5, indicating ample short-term assets available to cover current liabilities without reliance on inventory sales.
From September 30, 2020, to December 31, 2021, the quick ratio exhibited a gradual upward trend, fluctuating within a narrow range between approximately 1.71 and 1.85. This stability suggests a consistent ability to meet immediate obligations during this period, reflecting effective short-term liquidity management.
Beginning in early 2022, the quick ratio experienced notable increases, reaching a peak of approximately 2.56 as of June 30, 2023. This substantial rise indicates an improvement in liquid assets relative to current liabilities, possibly driven by enhanced cash positions, accounts receivable management, or a reduction in current liabilities. The ratio's upward trajectory during this time period suggests a strengthening liquidity buffer, providing additional financial resilience.
In the latter part of 2023 and into 2024, the quick ratio maintains a high level, generally fluctuating between 1.95 and 2.65. The values continue to reflect a robust liquidity stance, with the highest recorded at 2.65 on September 30, 2024. This sustained strength signifies efficient asset utilization and favorable short-term financial health, positioning the company well to withstand short-term shocks.
In the most recent data points for 2025, the quick ratio decreases to approximately 1.66 as of June 30, 2025, down from levels above 2.0 in the preceding periods. Although this decline indicates a slight reduction in liquidity cushion, the ratio remains above 1.5, implying that the company can still satisfy its immediate liabilities comfortably without relying on inventory liquidation.
Overall, the trend of the quick ratio suggests that Standex International Corporation has managed its liquid assets well over the observed period, maintaining a strong liquidity profile with occasional fluctuations. The periods of increased ratios reflect enhanced liquidity positioning, whereas the recent decline warrants ongoing monitoring to ensure continued short-term financial stability.
Peer comparison
Jun 30, 2025