Sensient Technologies Corporation (SXT)

Quick ratio

		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	Jun 30, 2019	Mar 31, 2019
Cash	US$ in thousands	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	21,153	34,422	29,882	33,896
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	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	213,201	244,610	273,109	273,800
Total current liabilities	US$ in thousands	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	201,375	192,191	194,669	197,452
Quick ratio		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	1.16	1.45	1.56	1.56

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($28,934K + $—K + $272,164K) ÷ $236,306K
= 1.27

The quick ratio of Sensient Technologies Corp. has shown some fluctuation over the past eight quarters. The quick ratio, which indicates a company's ability to meet its short-term obligations using its most liquid assets, has generally been above the ideal threshold of 1.0, suggesting a healthy liquidity position for the company.

In Q1 2022, the quick ratio was relatively high at 1.68, indicating a strong ability to cover short-term liabilities with liquid assets. However, there was a slight decrease to 1.40 in Q2 2022 before rebounding to 1.49 in Q3 2022.

Throughout the next four quarters, the quick ratio continued to fluctuate within a range of 1.36 to 1.71, with Q3 2023 showing the highest ratio of 1.60. Overall, the company maintained a quick ratio above 1.0 during this period, indicating a generally sound liquidity position.

It is essential for investors and stakeholders to monitor these fluctuations in the quick ratio to assess the company's ability to meet short-term obligations efficiently and manage liquidity effectively.