Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 356,400 | 330,900 | 331,300 | 406,000 | 340,900 | 263,600 | 244,000 | 208,200 | 204,500 | 121,700 | 127,400 | 145,100 | 572,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 21,300 | 67,100 | 135,100 | 215,100 | — |
| Receivables | US$ in thousands | 631,100 | 633,700 | 597,500 | 621,400 | 601,200 | 623,100 | 588,600 | 569,400 | 610,200 | 602,500 | — | — | 571,800 |
| Total current liabilities | US$ in thousands | 909,200 | 818,200 | 766,600 | 865,100 | 955,300 | 867,700 | 846,200 | 883,100 | 929,900 | 875,300 | 850,100 | 848,300 | 933,400 |
| Quick ratio | 1.09 | 1.18 | 1.21 | 1.19 | 0.99 | 1.02 | 0.98 | 0.88 | 0.90 | 0.90 | 0.31 | 0.42 | 1.23 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($356,400K
+ $—K
+ $631,100K)
÷ $909,200K
= 1.09
The quick ratio of Vontier Corp shows fluctuations over the reported periods. The ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, indicates a range of values between 0.31 and 1.21.
From December 31, 2021, to June 30, 2022, the quick ratio declined significantly from 1.23 to 0.31, suggesting potential liquidity challenges. However, the ratio improved in the subsequent quarters, reaching values above 0.90 and eventually exceeding 1.0, indicating a healthier liquidity position.
Overall, the quick ratio of Vontier Corp displayed some volatility but generally stayed above 1.0 in the latter half of the reported periods, reflecting improved ability to cover short-term obligations with liquid assets. This indicates that the company may have enhanced its liquidity management practices and is better positioned to meet its near-term financial obligations.
Peer comparison
Dec 31, 2024