Valmont Industries Inc (VMI)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 164,315 | 203,041 | 185,406 | 177,232 | 400,726 |
| Short-term investments | US$ in thousands | — | 26,803 | 25,008 | — | — |
| Receivables | US$ in thousands | 654,360 | 657,960 | 604,181 | 571,593 | 511,714 |
| Total current liabilities | US$ in thousands | 811,425 | 723,102 | 803,993 | 765,856 | 673,303 |
| Quick ratio | 1.01 | 1.23 | 1.01 | 0.98 | 1.36 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($164,315K
+ $—K
+ $654,360K)
÷ $811,425K
= 1.01
The quick ratio of Valmont Industries Inc has shown some fluctuations over the past five years. Starting at 1.36 in December 2020, the ratio decreased to 0.98 by December 2021, indicating a potential liquidity concern. However, the ratio improved to 1.01 by December 2022 and remained stable at 1.01 by December 2024. This suggests that the company may have successfully managed its short-term liquidity position in the recent years. The quick ratio of 1.23 in December 2023 shows a healthy increase in the company's ability to cover its short-term obligations with its most liquid assets. Overall, a quick ratio above 1 indicates that Valmont Industries Inc has an adequate level of liquid assets to cover its current liabilities, with the ratio staying relatively stable over the period under consideration.
Peer comparison
Dec 31, 2024