Interface Inc (TILE)
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 | Jul 5, 2020 | Apr 5, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 110,498 | 119,633 | 92,935 | 101,273 | 97,564 | 79,449 | 91,653 | 76,088 | 97,252 | 92,809 | 102,372 | 106,923 | 103,053 | 103,719 | 91,844 | 72,651 | 81,301 | 85,212 | 84,256 | 66,972 |
| Short-term investments | US$ in thousands | 0 | — | — | — | 0 | — | — | — | 0 | — | — | — | 0 | — | — | — | 0 | — | — | — |
| Receivables | US$ in thousands | 163,386 | 143,884 | 166,304 | — | 182,807 | — | — | — | 171,676 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 214,721 | 210,189 | 194,317 | 221,484 | 220,470 | 237,900 | 249,359 | 245,867 | 261,812 | 234,836 | 229,598 | 217,084 | 193,300 | 244,807 | 232,584 | 230,291 | 263,275 | 254,972 | 234,255 | 232,522 |
| Quick ratio | 1.28 | 1.25 | 1.33 | 0.46 | 1.27 | 0.33 | 0.37 | 0.31 | 1.03 | 0.40 | 0.45 | 0.49 | 0.53 | 0.42 | 0.39 | 0.32 | 0.31 | 0.33 | 0.36 | 0.29 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($110,498K
+ $0K
+ $163,386K)
÷ $214,721K
= 1.28
The quick ratio of Interface Inc. over the past eight quarters has shown relatively consistent performance, fluctuating between 1.08 and 1.51. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities. Interface Inc. has generally maintained a healthy quick ratio above 1, indicating good short-term liquidity and a ability to meet its short-term obligations. The company's quick ratio peaked in Q2 2023 at 1.51, showing a strong ability to cover current liabilities with its most liquid assets. Despite some fluctuations, Interface Inc.'s quick ratio has generally remained above industry benchmarks for a healthy liquidity position over the analyzed period.
Peer comparison
Dec 31, 2023