Vulcan Materials Company (VMC)
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 | 559,700 | 433,200 | 111,600 | 300,100 | 949,200 | 340,000 | 166,000 | 139,600 | 161,400 | 122,400 | 120,700 | 123,100 | 235,000 | 135,683 | 857,555 | 722,344 | 1,197,070 | 1,084,100 | 816,765 | 120,041 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 4 | — | — | — | — | — | 34,108 | 34,264 | 34,265 | 34,301 | 41,778 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,239,100 | 774,100 | 796,800 | 696,200 | 797,600 | 864,200 | 793,300 | 756,900 | 956,600 | 1,362,500 | 1,029,300 | 892,700 | 769,300 | 876,693 | 599,245 | 565,857 | 1,047,880 | 1,069,890 | 1,038,750 | 475,676 |
| Quick ratio | 0.45 | 0.56 | 0.14 | 0.43 | 1.19 | 0.39 | 0.21 | 0.18 | 0.17 | 0.09 | 0.12 | 0.14 | 0.31 | 0.19 | 1.49 | 1.34 | 1.18 | 1.05 | 0.79 | 0.25 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($559,700K
+ $—K
+ $—K)
÷ $1,239,100K
= 0.45
The quick ratio of Vulcan Materials Company has fluctuated over the years, indicating varying levels of liquidity. The ratio was below 1 for most of the period, implying potential challenges in meeting short-term obligations. It showed an increasing trend from September 2020 to June 2021, reaching a peak of 1.49, demonstrating improved liquidity position during that period. However, there were significant decreases in the quick ratio in the following quarters, dropping to as low as 0.09 in September 2022.
The quick ratio improved again in December 2023, increasing to 1.19, indicating a strong ability to cover short-term liabilities with liquid assets. The ratio decreased slightly in March 2024 to 0.43 but remained above 1, suggesting sufficient liquidity. The ratio then dropped to 0.14 in June 2024, showing some fluctuation in liquidity levels. Overall, the quick ratio of Vulcan Materials Company displays volatility, with periods of both strength and weakness in liquidity management.
Peer comparison
Dec 31, 2024