Trimble Inc (TRMB)
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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 189,200 | 184,600 | 199,600 | 216,700 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 706,600 | 641,400 | 664,100 | 578,800 | 676,900 | 566,100 | — | — | 664,300 | — | — | — | 620,500 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 1,190,300 | 1,059,300 | 1,075,200 | 1,090,000 |
| Quick ratio | 0.51 | 0.64 | 0.69 | 1.09 | 0.65 | 0.61 | 0.24 | 0.29 | 0.83 | 0.45 | 0.41 | 0.23 | 0.65 | 0.15 | 0.17 | 0.18 | 0.16 | 0.17 | 0.19 | 0.20 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($229,800K
+ $—K
+ $706,600K)
÷ $1,829,300K
= 0.51
The quick ratio of Trimble Inc fluctuated significantly over the period analyzed. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of 1 indicates that a company's current assets are equal to its current liabilities.
In the most recent quarter, as of December 31, 2023, Trimble Inc had a quick ratio of 0.51, indicating that the company had $0.51 in liquid assets available to cover each dollar of current liabilities. This suggests that the company may face challenges in meeting its short-term obligations promptly.
Looking back over the past periods, the quick ratio was highest in March 2023 at 1.09 and lowest in June 2022 at 0.24. The quick ratio has generally shown volatility, with fluctuating levels below 1, implying a potential difficulty in meeting short-term obligations with readily available liquid assets.
It is important for stakeholders to monitor the quick ratio over time to assess Trimble Inc's liquidity and ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023