Zurn Elkay Water Solutions Corporation (ZWS)
Quick ratio
| Sep 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 187,900 | 157,100 | 136,700 | 173,100 | 103,000 | 74,800 | 124,800 | 71,900 | 110,400 | 73,200 | 96,600 | 477,600 | 390,700 | 307,300 | 326,600 | 353,400 | 573,400 | 277,000 | 319,800 | 271,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 247,400 | 230,500 | 227,200 | 237,900 | 246,800 | 233,200 | 238,000 | 293,600 | 209,000 | 199,500 | 177,200 | 341,600 | 336,100 | 311,600 | 290,300 | 272,100 | 334,700 | 294,300 | 301,000 | 307,400 |
| Total current liabilities | US$ in thousands | 279,200 | 210,600 | 220,900 | 229,800 | 231,500 | 229,600 | 289,300 | 328,700 | 241,200 | 214,500 | 240,400 | 420,700 | 382,700 | 356,300 | 360,000 | 403,000 | 455,500 | 347,300 | 344,800 | 354,300 |
| Quick ratio | 1.56 | 1.84 | 1.65 | 1.79 | 1.51 | 1.34 | 1.25 | 1.11 | 1.32 | 1.27 | 1.14 | 1.95 | 1.90 | 1.74 | 1.71 | 1.55 | 1.99 | 1.64 | 1.80 | 1.63 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($187,900K
+ $—K
+ $247,400K)
÷ $279,200K
= 1.56
The quick ratio of Zurn Elkay Water Solutions Corporation has exhibited fluctuations over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.
Looking at the trend, the quick ratio has generally been above 1.0, indicating that the company has had sufficient liquid assets to cover its short-term liabilities. A quick ratio above 1.0 is typically considered healthy, as it suggests the company is in a good position to meet its immediate financial obligations.
The quick ratio has shown some variability, with values ranging from 1.11 to 1.95 over the period analyzed. A ratio above 1.5 is generally considered strong, as it indicates a higher level of liquidity. Values below this threshold may suggest a lower ability to cover short-term liabilities.
The recent trend shows a decrease in the quick ratio from the high of 1.95 in the first quarter of 2022 to 1.56 in the most recent quarter of 2024. This decline may be attributed to changes in the company's current assets or liabilities composition.
Overall, while the quick ratio of Zurn Elkay Water Solutions Corporation has fluctuated, it has generally remained above 1.0, indicating a solid ability to meet short-term obligations with liquid assets. Continued monitoring of this ratio and understanding the underlying components contributing to its fluctuations will be essential for assessing the company's liquidity position.
Peer comparison
Sep 30, 2024