Bristow Group Inc (VTOL)

Quick ratio

Dec 31, 2023 Dec 31, 2022 Mar 31, 2022 Mar 31, 2021 Dec 31, 2019
Cash US$ in thousands 180,265 160,029 263,769 228,010 117,366
Short-term investments US$ in thousands 37,530
Receivables US$ in thousands 208,417 -1,847 1,800 2,600 2,721
Total current liabilities US$ in thousands 309,789 285,590 287,755 305,120 50,776
Quick ratio 1.25 0.55 0.92 0.88 2.37

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($180,265K + $—K + $208,417K) ÷ $309,789K
= 1.25

The quick ratio of Bristow Group Inc has shown fluctuating trends over the past few years. The ratio was 1.25 as of December 31, 2023, indicating that the company had $1.25 of highly liquid assets available to cover each dollar of its current liabilities. This represents a significant improvement from the previous year where the quick ratio was 0.55, suggesting that the company has strengthened its liquidity position.

However, looking back at the quick ratio for March 31, 2022 (0.92) and March 31, 2021 (0.88), it is evident that the company faced challenges in maintaining an optimal level of liquidity to cover its short-term obligations during those periods.

The quick ratio was notably high at 2.37 as of December 31, 2019, indicating strong liquidity and the ability to meet short-term liabilities comfortably. It's important to note that a quick ratio above 1 indicates a strong liquidity position, while a ratio below 1 may raise concerns about the company's ability to meet its short-term obligations.

Overall, the recent improvement in Bristow Group Inc's quick ratio is a positive sign of enhanced liquidity management, but monitoring future trends in this ratio will be essential to assess the company's ability to meet its short-term financial obligations effectively.