Cactus Inc (WHD)

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 342,843 303,376 246,503 194,257 133,792 63,738 63,910 75,422 344,527 320,623 311,684 297,741 301,669 301,974 309,082 291,970 288,659 273,941 270,673 230,202
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Receivables US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 178,824 191,301 178,623 190,670 175,660 177,367 180,731 186,566 116,649 132,187 113,638 102,457 92,574 87,951 73,560 55,056 48,915 47,997 58,778 81,414
Quick ratio 1.92 1.59 1.38 1.02 0.76 0.36 0.35 0.40 2.95 2.43 2.74 2.91 3.26 3.43 4.20 5.30 5.90 5.71 4.61 2.83

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($342,843K + $—K + $—K) ÷ $178,824K
= 1.92

The quick ratio of Cactus Inc has shown fluctuations over the past several periods, starting at a solid level of 2.83 on March 31, 2020, and reaching its peak at 5.90 on December 31, 2020. However, from March 31, 2021, the quick ratio began to decrease steadily, indicating potential liquidity concerns. By the end of December 31, 2024, the quick ratio had improved to 1.92, a positive sign suggesting the company may be managing its short-term obligations more effectively. It is essential for Cactus Inc to continue monitoring and managing its quick ratio to ensure it maintains a healthy balance between its current assets and current liabilities.