Woodward Inc (WWD)
Quick ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 282,270 | 308,332 | 316,932 | 144,348 | 137,447 | 114,107 | 129,427 | 99,335 | 107,844 | 99,342 | 207,833 | 426,075 | 446,555 | 360,100 | 285,687 | 199,973 | 149,773 | 98,483 | 99,969 | 145,378 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 479,250 | 494,062 | 562,943 | 495,044 | 499,347 | 484,672 | 442,187 | 348,041 | 373,948 | 334,677 | 338,990 | 274,239 | 334,190 | 393,046 | 408,439 | 346,720 | 386,544 | 369,481 | 437,044 | 375,717 |
| Total current liabilities | US$ in thousands | 923,510 | 913,092 | 691,855 | 582,814 | 617,196 | 586,659 | 666,944 | 633,161 | 539,113 | 424,474 | 369,046 | 329,508 | 366,257 | 340,577 | 341,408 | 328,110 | 392,332 | 535,628 | 594,834 | 792,045 |
| Quick ratio | 0.82 | 0.88 | 1.27 | 1.10 | 1.03 | 1.02 | 0.86 | 0.71 | 0.89 | 1.02 | 1.48 | 2.13 | 2.13 | 2.21 | 2.03 | 1.67 | 1.37 | 0.87 | 0.90 | 0.66 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($282,270K
+ $—K
+ $479,250K)
÷ $923,510K
= 0.82
The Quick Ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A higher Quick Ratio indicates a better ability to cover short-term liabilities.
From the data provided for Woodward Inc, the Quick Ratio has shown fluctuations over the past few quarters. The Quick Ratio for September 2024 stands at 0.82, a decrease from the previous quarter's ratio of 0.88. This suggests a slight decrease in the company's ability to cover its current liabilities with its quick assets.
Looking further back, the Quick Ratio has displayed variability, reaching a peak of 2.21 in June 2021 and then decreasing over the subsequent quarters. This could indicate changes in the company's liquidity position or management of its current assets and liabilities.
It is important for Woodward Inc to closely monitor its Quick Ratio over time to ensure it remains at a level that reflects a healthy liquidity position and the ability to meet short-term obligations. Further analysis of the company's current asset composition and management of working capital may provide insights into these fluctuations in the Quick Ratio.