Interface Inc (TILE)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 99,226 | 110,498 | 97,564 | 97,252 | 103,053 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 216,717 | 214,721 | 220,470 | 261,812 | 193,300 |
| Quick ratio | 0.46 | 0.51 | 0.44 | 0.37 | 0.53 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($99,226K
+ $—K
+ $—K)
÷ $216,717K
= 0.46
Interface Inc's quick ratio has fluctuated over the years based on the data provided. In December 2020, the quick ratio was 0.53, indicating that the company had $0.53 in liquid assets available to cover each $1 of current liabilities. By December 2021, the quick ratio decreased to 0.37, suggesting a decline in the company's ability to meet its short-term obligations using its most liquid assets.
However, in December 2022, there was a slight improvement in the quick ratio to 0.44, indicating a modest increase in the company's liquidity position. The ratio further improved to 0.51 by December 2023, which suggests that Interface Inc had a better ability to meet its short-term obligations using its quick assets.
By December 2024, the quick ratio decreased slightly to 0.46, which, although lower than the previous year, still indicates that the company had a reasonable level of liquidity to cover its short-term liabilities. Overall, the trend in Interface Inc's quick ratio shows some fluctuations, but the company generally maintained a level of liquidity to manage its short-term obligations during the period analyzed.
Peer comparison
Dec 31, 2024