Bristow Group Inc (VTOL)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 247,503 | 208,581 | 178,561 | 140,630 | 180,265 | 209,736 | 216,189 | 200,543 | 163,683 | 201,303 | 255,036 | 266,014 | 273,967 | 239,481 | 244,696 | 231,079 | 297,833 | 304,193 | 259,922 | 113,518 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 19,416 | 37,530 | 38,368 | — | 89,175 | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 325,900 | 324,180 | 306,113 | 303,415 | 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 | 48,097 |
| Quick ratio | 0.76 | 0.64 | 0.58 | 0.46 | 0.58 | 0.64 | 0.74 | 0.73 | 0.57 | 0.68 | 0.75 | 0.92 | 0.95 | 0.86 | 0.90 | 0.88 | 1.03 | 0.87 | 0.97 | 2.36 |
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 has shown some fluctuations over the past few years. It was relatively high at 2.36 as of March 31, 2020, indicating a good ability to meet short-term obligations using its most liquid assets. However, the quick ratio declined to 0.97 as of June 30, 2020, and further decreased to 0.57 by December 31, 2022.
Although there were some improvements in the quick ratio in between, it remained below 1 for most of the periods, indicating that the company may have had difficulty meeting its short-term liabilities with its liquid assets alone. A quick ratio below 1 may suggest potential liquidity issues, as it implies that the company may not be able to quickly cover its current liabilities with its easily convertible assets.
Overall, a declining trend in the quick ratio from 2020 to 2024 may raise concerns about Bristow Group Inc's short-term liquidity position and ability to meet its immediate financial obligations with readily available resources. The company should monitor its quick ratio closely and take appropriate measures to improve liquidity if necessary.