Timken Company (TKR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 373,200 | 418,900 | 331,600 | 257,100 | 320,300 |
| Short-term investments | US$ in thousands | — | 31,600 | 39,200 | 56,900 | 37,600 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 820,500 | 1,471,300 | 1,012,400 | 896,600 | 848,000 |
| Quick ratio | 0.45 | 0.31 | 0.37 | 0.35 | 0.42 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($373,200K
+ $—K
+ $—K)
÷ $820,500K
= 0.45
The quick ratio of Timken Company decreased from 0.42 in December 31, 2020, to 0.35 in December 31, 2021. It slightly improved to 0.37 in December 31, 2022, before decreasing again to 0.31 in December 31, 2023. However, there was a subsequent increase to 0.45 in December 31, 2024. Overall, the quick ratio fluctuated over the years, indicating varying levels of liquidity and short-term solvency for the company. Further analysis of the company's current assets and liabilities is recommended to understand the factors contributing to these fluctuations.
Peer comparison
Dec 31, 2024