Sensient Technologies Corporation (SXT)
Quick ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 26,626 | 36,969 | 30,339 | 25,417 | 28,934 | 31,985 | 36,546 | 24,017 | 20,921 | 46,579 | 25,271 | 32,175 | 25,740 | 32,939 | 33,306 | 28,000 | 24,770 | 26,900 | 20,876 | 23,085 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 290,087 | 302,012 | 315,604 | 298,488 | 272,164 | 284,668 | 300,741 | 312,530 | 302,109 | 287,197 | 295,948 | 282,265 | 261,121 | 263,710 | 258,411 | 257,289 | 234,132 | 222,388 | 229,635 | 240,123 |
| Total current liabilities | US$ in thousands | 270,639 | 256,455 | 227,035 | 218,859 | 236,306 | 223,817 | 222,646 | 234,651 | 272,153 | 255,425 | 263,916 | 214,383 | 232,305 | 224,365 | 196,416 | 198,773 | 215,955 | 212,037 | 213,237 | 200,637 |
| Quick ratio | 1.17 | 1.32 | 1.52 | 1.48 | 1.27 | 1.41 | 1.51 | 1.43 | 1.19 | 1.31 | 1.22 | 1.47 | 1.23 | 1.32 | 1.49 | 1.44 | 1.20 | 1.18 | 1.17 | 1.31 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($26,626K
+ $—K
+ $290,087K)
÷ $270,639K
= 1.17
The quick ratio of Sensient Technologies Corporation has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets.
From March 2020 to June 2020, the quick ratio decreased from 1.31 to 1.17, suggesting a slight decrease in the company's ability to cover its current liabilities with its quick assets. However, from June 2020 to September 2020, there was a small increase to 1.18, indicating a partial recovery in liquidity.
Throughout the following quarters, the quick ratio demonstrated a fluctuating pattern, with some quarters showing improvements and others showing declines. Notably, the quick ratio reached its lowest point at 1.17 on December 31, 2024, which may raise concerns about the company's liquidity position during that period.
Overall, the quick ratio of Sensient Technologies Corporation ranged from 1.17 to 1.52 during the analyzed period. A quick ratio above 1 indicates that the company has sufficient quick assets to cover its current liabilities. However, stakeholders should closely monitor the trend of this ratio to assess the company's ongoing liquidity position and its ability to meet short-term obligations effectively.
Peer comparison
Dec 31, 2024