Waste Management Inc (WM)
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 | 414,000 | 614,000 | 172,000 | 322,000 | 458,000 | 150,000 | 144,000 | 257,000 | 351,000 | 137,000 | 894,000 | 155,000 | 118,000 | 116,000 | 148,000 | 476,000 | 553,000 | 703,000 | 2,663,000 | 3,125,000 |
| Short-term investments | US$ in thousands | — | — | 778,000 | — | — | — | — | — | — | — | — | — | — | 402,000 | 417,000 | 426,000 | 314,000 | 425,000 | — | — |
| Receivables | US$ in thousands | 3,687,000 | 3,125,000 | 2,980,000 | 2,685,000 | 2,870,000 | 2,917,000 | 2,846,000 | 2,608,000 | 2,752,000 | 2,676,000 | 2,665,000 | 2,479,000 | 2,546,000 | 2,669,000 | 2,645,000 | 2,427,000 | 2,624,000 | 2,217,000 | 2,107,000 | 2,662,000 |
| Total current liabilities | US$ in thousands | 6,258,000 | 4,779,000 | 4,136,000 | 3,949,000 | 4,226,000 | 4,218,000 | 4,251,000 | 3,856,000 | 4,394,000 | 3,834,000 | 3,722,000 | 3,806,000 | 4,082,000 | 4,102,000 | 3,683,000 | 3,285,000 | 3,553,000 | 2,806,000 | 5,772,000 | 3,070,000 |
| Quick ratio | 0.66 | 0.78 | 0.95 | 0.76 | 0.79 | 0.73 | 0.70 | 0.74 | 0.71 | 0.73 | 0.96 | 0.69 | 0.65 | 0.78 | 0.87 | 1.01 | 0.98 | 1.19 | 0.83 | 1.89 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($414,000K
+ $—K
+ $3,687,000K)
÷ $6,258,000K
= 0.66
Based on the provided data, the quick ratio of Waste Management Inc has fluctuated over time. The quick ratio represents the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
From March 31, 2020, to December 31, 2024, the quick ratio of Waste Management Inc varied between 0.65 and 1.89. The highest quick ratio was observed on March 31, 2020, indicating a strong ability to cover short-term obligations with liquid assets. However, the quick ratio dropped significantly to 0.83 on June 30, 2020, and continued to fluctuate between 0.65 and 1.19 over the following quarters.
The quick ratio trended downwards towards the end of the period, reaching 0.66 on December 31, 2024. This decline may suggest a potential tightness in the company's ability to meet short-term liabilities with its liquid assets. It is essential for investors and creditors to monitor the quick ratio consistently to assess Waste Management Inc's liquidity position and financial health.
Peer comparison
Dec 31, 2024