Verisk Analytics Inc (VRSK)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 291,200 | 302,700 | 112,500 | 280,300 | 218,800 |
| Short-term investments | US$ in thousands | — | 1,200 | 4,000 | 5,000 | 4,100 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,238,900 | 771,400 | 2,319,200 | 1,843,200 | 1,430,800 |
| Quick ratio | 0.24 | 0.39 | 0.05 | 0.15 | 0.16 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($291,200K
+ $—K
+ $—K)
÷ $1,238,900K
= 0.24
Verisk Analytics Inc's quick ratio has fluctuated over the years. As of December 31, 2020, the quick ratio stood at 0.16, indicating that the company had $0.16 in liquid assets available to cover each dollar of current liabilities. This ratio decreased slightly to 0.15 by December 31, 2021.
However, there was a significant decline in the quick ratio to 0.05 as of December 31, 2022, suggesting potential liquidity challenges for the company in meeting its short-term obligations. The ratio then improved notably to 0.39 by December 31, 2023, indicating a better ability to cover current liabilities with liquid assets.
By the end of December 31, 2024, the quick ratio further increased to 0.24, signaling continued improvement in the company's ability to meet short-term obligations. Overall, fluctuations in the quick ratio highlight changes in Verisk Analytics Inc's liquidity position and its capacity to handle immediate financial obligations. It is essential for the company to maintain a healthy quick ratio to ensure financial stability and liquidity in the short term.
Peer comparison
Dec 31, 2024