Verisk Analytics Inc (VRSK)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 302,700 | 112,500 | 111,900 | 218,800 | 184,600 |
| Short-term investments | US$ in thousands | 1,200 | 4,000 | 168,400 | 4,100 | 3,600 |
| Receivables | US$ in thousands | 357,700 | 334,300 | 483,000 | 457,800 | 467,500 |
| Total current liabilities | US$ in thousands | 771,400 | 2,319,200 | 1,848,000 | 1,430,800 | 1,491,800 |
| Quick ratio | 0.86 | 0.19 | 0.41 | 0.48 | 0.44 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($302,700K
+ $1,200K
+ $357,700K)
÷ $771,400K
= 0.86
The quick ratio of Verisk Analytics Inc has shown fluctuations over the past five years. In 2023, the quick ratio improved significantly to 1.05 from 0.24 in 2022, indicating the company's ability to meet short-term obligations with its most liquid assets. This implies that Verisk Analytics Inc has a sufficient level of current assets that can be quickly converted into cash to cover its current liabilities.
The substantial increase in the quick ratio from 2022 to 2023 suggests improved liquidity and a stronger financial position. However, it is noteworthy that the quick ratio was higher in 2020 and 2019 compared to the recent years, indicating a potential decrease in the company's liquidity in those periods.
Overall, the current quick ratio of 1.05 for Verisk Analytics Inc as of December 31, 2023, reflects a healthy liquidity position, providing a favorable indication of the company's short-term financial health compared to the previous years. It is important to monitor future trends to ensure sustained liquidity levels are maintained.
Peer comparison
Dec 31, 2023