Interface Inc (TILE)
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 | Jul 5, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 99,226 | 115,601 | 94,187 | 89,774 | 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 | 91,844 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 216,717 | 236,386 | 214,703 | 207,726 | 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 | 232,584 |
| Quick ratio | 0.46 | 0.49 | 0.44 | 0.43 | 0.51 | 0.57 | 0.48 | 0.46 | 0.44 | 0.33 | 0.37 | 0.31 | 0.37 | 0.40 | 0.45 | 0.49 | 0.53 | 0.42 | 0.39 | 0.39 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($99,226K
+ $—K
+ $—K)
÷ $216,717K
= 0.46
The quick ratio of Interface Inc has shown fluctuations over the period from June 30, 2020, to December 31, 2024. The ratio started at 0.39 on June 30, 2020, remained relatively stable around this level for the next few quarters, and then gradually improved to reach its highest point of 0.57 on September 30, 2023. However, the quick ratio decreased in the following periods and stood at 0.46 on December 31, 2024. Overall, the quick ratio of Interface Inc indicates the company's ability to meet its short-term obligations with its most liquid assets, with some variability observed in the ratio over the years.
Peer comparison
Dec 31, 2024