Bristow Group Inc (VTOL)
Quick ratio
| 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 180,265 | 207,530 | 211,972 | 198,428 | 160,029 | 199,485 | 255,036 | 263,769 | 273,967 | 236,989 | 244,696 | 228,010 | 293,530 | 301,404 | 259,922 | 196,662 | 117,366 | 107,736 | 88,430 | 49,612 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 19,416 | 37,530 | 38,368 | — | 89,175 | — | — | — | — | — |
| Receivables | US$ in thousands | 208,417 | 190,271 | -77 | -75 | -1,847 | -1,840 | -1,841 | 1,800 | -2,049 | -2,506 | -2,200 | 2,600 | — | — | 8,088 | 2,159 | 2,721 | 31,312 | 30,493 | 34,732 |
| Total current liabilities | US$ in thousands | 309,789 | 325,704 | 293,817 | 274,412 | 285,590 | 294,408 | 337,828 | 287,755 | 288,427 | 279,123 | 293,926 | 305,120 | 325,891 | 351,231 | 358,226 | 297,978 | 50,776 | 34,396 | 29,981 | 31,517 |
| Quick ratio | 1.25 | 1.22 | 0.72 | 0.72 | 0.55 | 0.67 | 0.75 | 0.92 | 0.94 | 0.84 | 0.89 | 0.88 | 1.02 | 0.86 | 1.00 | 0.67 | 2.37 | 4.04 | 3.97 | 2.68 |
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 is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated by dividing liquid assets (such as cash, cash equivalents, and marketable securities) by current liabilities.
Based on the data provided, the quick ratio for Bristow Group Inc has varied over the past few quarters. In the most recent quarter, the quick ratio stood at 1.25, indicating that the company had $1.25 in liquid assets available to cover each $1 of current liabilities.
The trend in the quick ratio shows fluctuations, with ratios ranging from as low as 0.55 to as high as 1.25 over the periods analyzed. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations, while a ratio above 1 suggests it has a sufficient cushion of liquid assets.
It is important to note that while a higher quick ratio is generally seen as favorable, an excessively high ratio may indicate that the company is not efficiently deploying its liquid assets. On the other hand, a low quick ratio may raise concerns about the company's liquidity and ability to meet short-term liabilities.
In conclusion, the analysis of Bristow Group Inc's quick ratio over the periods presented suggests that the company's liquidity position has been variable, and it would be prudent to monitor this ratio closely to assess the company's ability to manage its short-term financial obligations effectively.