Westinghouse Air Brake Technologies Corp (WAB)
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 | 706,000 | 401,000 | 590,000 | 634,000 | 615,000 | 385,000 | 364,000 | 410,000 | 534,000 | 514,000 | 501,000 | 488,000 | 473,000 | 456,000 | 453,500 | 483,500 | 599,000 | 559,300 | 587,900 | 615,900 |
| Short-term investments | US$ in thousands | 9,000 | 9,000 | — | — | 10,000 | 23,000 | 7,000 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,152,000 | 1,326,000 | 1,269,000 | 1,227,000 | 1,180,000 | 1,339,000 | 1,250,000 | 1,181,000 | 1,055,000 | 1,004,000 | 1,000,000 | 998,000 | 1,085,000 | 960,300 | 1,020,900 | 985,300 | 969,300 | 1,020,000 | 964,400 | 1,672,000 |
| Total current liabilities | US$ in thousands | 3,792,000 | 3,681,000 | 3,647,000 | 3,153,000 | 4,056,000 | 3,891,000 | 4,173,000 | 4,165,000 | 3,467,000 | 3,328,000 | 3,190,000 | 2,880,000 | 2,910,000 | 2,811,600 | 2,844,700 | 3,168,900 | 3,226,000 | 3,228,600 | 3,483,200 | 2,981,600 |
| Quick ratio | 0.49 | 0.47 | 0.51 | 0.59 | 0.45 | 0.45 | 0.39 | 0.38 | 0.46 | 0.46 | 0.47 | 0.52 | 0.54 | 0.50 | 0.52 | 0.46 | 0.49 | 0.49 | 0.45 | 0.77 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($706,000K
+ $9,000K
+ $1,152,000K)
÷ $3,792,000K
= 0.49
Based on the provided data, the quick ratio of Westinghouse Air Brake Technologies Corp has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio provides insight into the company's ability to meet its short-term financial obligations using its most liquid assets.
The quick ratio started at 0.77 on March 31, 2020, indicating a strong ability to cover its current liabilities with quick assets. However, there was a significant decline to 0.45 by June 30, 2020, which may have raised concerns about the company's short-term liquidity position. Subsequently, the ratio improved slightly to 0.52 by June 30, 2021, showing a recovery in liquidity.
Throughout the following periods, the quick ratio generally hovered around 0.45 to 0.54, with some fluctuations. Notably, as of March 31, 2024, the quick ratio increased to 0.59, reflecting an improvement in the company's ability to meet its short-term obligations with its quick assets.
Overall, the trend in the quick ratio indicates varying degrees of liquidity over time, with some periods showing stronger liquidity positions than others. It is important for stakeholders to monitor this ratio to assess the company's short-term liquidity management and financial health.
Peer comparison
Dec 31, 2024