Trimble Inc (TRMB)
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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 738,800 | 1,036,900 | 944,100 | 255,100 | 229,800 | 216,800 | 237,300 | 1,038,100 | 271,000 | 308,700 | 350,100 | 357,200 | 325,700 | 513,200 | 484,400 | 264,600 | 237,700 | 184,000 | 196,400 | 216,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,788,000 | 1,986,600 | 1,977,900 | 1,835,600 | 1,829,300 | 1,338,000 | 1,301,100 | 1,480,900 | 1,462,100 | 1,445,000 | 1,449,500 | 1,247,000 | 1,188,600 | 1,141,200 | 1,168,500 | 1,151,600 | 1,311,300 | 1,191,500 | 1,170,500 | 1,226,900 |
| Quick ratio | 0.41 | 0.52 | 0.48 | 0.14 | 0.13 | 0.16 | 0.18 | 0.70 | 0.19 | 0.21 | 0.24 | 0.29 | 0.27 | 0.45 | 0.41 | 0.23 | 0.18 | 0.15 | 0.17 | 0.18 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($738,800K
+ $—K
+ $—K)
÷ $1,788,000K
= 0.41
The quick ratio of Trimble Inc has shown some fluctuations over the period under consideration. From March 31, 2020, to June 30, 2020, the ratio decreased from 0.18 to 0.17, indicating a slight decrease in the company's ability to cover its current liabilities with its most liquid assets.
There was a further decline in the quick ratio by September 30, 2020, down to 0.15, signaling potential liquidity challenges. The ratio improved by December 31, 2020, at 0.18 but then surged significantly to 0.23 by March 31, 2021, indicating enhanced liquidity position.
The trend continued positively, with the quick ratio reaching 0.41 by June 30, 2021, and further increasing to 0.45 by September 30, 2021, highlighting a strong ability to meet short-term obligations with liquid assets. However, by December 31, 2021, the ratio declined to 0.27 but bounced back to 0.29 by March 31, 2022.
The quick ratio experienced fluctuations in the following periods, dropping to 0.24 by June 30, 2022, and then to 0.21 by September 30, 2022. It slightly improved by December 31, 2022, at 0.19, and surged significantly to 0.70 by March 31, 2023, reflecting a substantial increase in liquidity.
Subsequently, there was a decline in the quick ratio to 0.18 by June 30, 2023, and further down to 0.16 by September 30, 2023. This trend continued into December 31, 2023, at 0.13, indicating a potential strain on liquidity.
From March 31, 2024, to June 30, 2024, there was a significant improvement in the quick ratio, surging to 0.48 and further increasing to 0.52 by September 30, 2024. By the end of the period, on December 31, 2024, the quick ratio stood at 0.41, suggesting a favorable position regarding the company's ability to meet short-term obligations with its quick assets.
Peer comparison
Dec 31, 2024