UFP Technologies Inc (UFPT)
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 | 13,450 | 16,356 | 16,728 | 11,372 | 5,263 | 6,376 | 5,291 | 6,503 | 4,451 | 9,937 | 5,576 | 3,652 | 11,117 | 33,094 | 30,273 | 25,377 | 24,234 | 17,435 | 12,266 | 7,334 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 84,677 | 89,151 | 60,985 | 61,250 | 64,449 | 60,968 | 64,090 | 60,142 | 55,117 | 61,477 | 57,913 | 46,182 | 39,384 | 32,456 | 31,222 | 30,018 | 26,428 | 27,940 | 27,271 | 30,018 |
| Total current liabilities | US$ in thousands | 76,295 | 78,347 | 51,787 | 52,436 | 58,209 | 56,588 | 52,993 | 52,192 | 55,961 | 57,400 | 53,382 | 38,824 | 38,783 | 18,760 | 19,639 | 16,668 | 15,137 | 16,063 | 16,565 | 17,462 |
| Quick ratio | 1.29 | 1.35 | 1.50 | 1.38 | 1.20 | 1.19 | 1.31 | 1.28 | 1.06 | 1.24 | 1.19 | 1.28 | 1.30 | 3.49 | 3.13 | 3.32 | 3.35 | 2.82 | 2.39 | 2.14 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($13,450K
+ $—K
+ $84,677K)
÷ $76,295K
= 1.29
The quick ratio of UFP Technologies Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio started strong at 2.14 on March 31, 2020, indicating a healthy level of liquidity. It then increased steadily, reaching its peak at 3.49 on September 30, 2021, suggesting the company had a sufficient amount of liquid assets to cover its current liabilities.
However, starting from December 31, 2021, the quick ratio began to decline, dropping to 1.06 by the end of December 31, 2022. This downward trend continued until March 31, 2023, where it slightly rebounded to 1.28. The ratio remained relatively stable around this level until June 30, 2024, where it increased to 1.50 before dropping back to 1.29 by the end of December 31, 2024.
Overall, the quick ratio of UFP Technologies Inc indicates that the company may have faced some liquidity challenges towards the end of the period under review. Investors and stakeholders should monitor the trend closely to assess the company's ability to meet its short-term obligations with its liquid assets.
Peer comparison
Dec 31, 2024