Bristow Group Inc (VTOL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 247,503 | 180,265 | 163,683 | 263,769 | 266,014 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | 1,800 | — |
| Total current liabilities | US$ in thousands | 325,900 | 309,789 | 285,590 | 287,755 | 287,755 |
| Quick ratio | 0.76 | 0.58 | 0.57 | 0.92 | 0.92 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($247,503K
+ $—K
+ $—K)
÷ $325,900K
= 0.76
The quick ratio of Bristow Group Inc, as derived from the provided data, indicates the company's ability to meet its short-term obligations with its most liquid assets. The quick ratio remained relatively stable at around 0.92 as of December 31, 2021 and March 31, 2022. However, there was a notable decline in the quick ratio to 0.57 by December 31, 2022, and a slight increase to 0.58 by December 31, 2023. Subsequently, the quick ratio improved to 0.76 as of December 31, 2024.
A quick ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities using only its liquid assets. The decrease in the quick ratio between 2022 and 2023 indicates a potential strain on the company's liquidity during that period. However, the improvement in the quick ratio by the end of 2024 suggests a positive development in the company's ability to cover its short-term obligations with its liquid assets. It is important for stakeholders to continue monitoring the trend of the quick ratio to assess the company's financial health and liquidity position accurately.