Summit Materials Inc 's Cash & cash equivalent grew by 36.91 % in the Q3 2024 sequentially, while Current Liabilities decreased, this led to improvement in Summit Materials Inc 's Quick Ratio to 1.33, above Summit Materials Inc average Quick Ratio.

Within Construction Raw Materials industry 3 other companies have achieved higher Quick Ratio than Summit Materials Inc in third quarter 2024. While Quick Ratio total ranking in the third quarter 2024 has deteriorated compared to the prior quarter from 690 to 1370.

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SUM Quick Ratio	(Sep 28 2024) Q3	(Jun 29 2024) Q2	(Mar 30 2024) Q1	(Dec 30 2023) Q4	(Sep 30 2023) Q3
Y / Y Current Liabilities Change	58.46 %	65.39 %	100.37 %	26.23 %	8.09 %
Y / Y Cash & cash equivalent Change	273.49 %	134.21 %	31.27 %	-28.11 %	-58.13 %
Quick Ratio MRQ	1.33	0.94	0.95	1.16	0.57
SUM's Total Ranking	# 1370	# 690	# 1068	# 743	# 1496
Seq. Current Liabilities Change	-3.66 %	9.93 %	61.63 %	-7.43 %	0.55 %
Seq. Cash & cash equivalent Change	36.91 %	8.15 %	33.13 %	89.47 %	-14.15 %

Quick Ratio third quarter 2024 Company Ranking
Within:	No.
Construction Raw Materials Industry	# 4
Basic Materials Sector	# 52
Overall Market	# 1370

Quick Ratio Statistics
High	Average	Low
2.03	0.89	0.12
(Dec 31 2022)		(Oct 01 2016)

Financial Statements
Summit Materials Inc 's Current Liabilities	$ 553 Millions	Visit SUM's Balance sheet
Summit Materials Inc 's Cash & cash equivalent	$ 738 Millions	Visit SUM's Balance sheet
Source of SUM's Sales		Visit SUM's Sales by Geography

Cumulative Summit Materials Inc 's Quick Ratio

SUM's Quick Ratio for the trailling 12 Months

SUM Quick Ratio	(Sep 28 2024) 12 Months	(Jun 29 2024) 12 Months	(Mar 30 2024) 12 Months	(Dec 30 2023) 12 Months	(Sep 30 2023) 12 Months
Y / Y Current Liabilities TTM Growth	62.65 %	49.03 %	31.46 %	5.15 %	-6.15 %
Y / Y Cash & cash equivalent TTM Growth	61.86 %	0.43 %	-29.24 %	-32.31 %	-10.46 %
Quick Ratio TTM	1.09	0.91	0.84	0.92	1.09
Total Ranking TTM	# 3991	# 1787	# 929	# 3503	# 1844
Seq. Current Liabilities TTM Growth	11.54 %	14.72 %	20.44 %	5.54 %	2.2 %
Seq. Cash & cash equivalent TTM Growth	33.58 %	23.75 %	10.05 %	-11.02 %	-17.12 %

Quick ratio ranking by company, industry and sector >> Back to SUM Financial Strength Comparisons >> Go to Compare SUM Quick Ratio to its Competitors

On the trailing twelve months basis SUM Cash & cash equivalent more than doubled by 273.49 % in Q3 2024 year on year, faster than Current Liabilities, this led to increase in in Summit Materials Inc 's Quick Ratio to 1.09, above SUM average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Construction Raw Materials industry 23 other companies have achieved higher Quick Ratio than Summit Materials Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2024 from 1787 to 3991.

Explain Quick Ratio?
How much Cash & cash equivalents SUM�s has?
What are SUM�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Construction Raw Materials Industry	# 24
Basic Materials Sector	# 299
Within the Market	# 3991

trailing twelve months Quick Ratio Statistics
High	Average	Low
1.57	0.91	0.28
(Apr 01 2023)		(Mar 30 2019)

Companies with similar Quick Ratio in the quarter ending Sep 28 2024, within Construction Raw Materials Industry	Quick Ratio	Sep 28 2024 MRQ Cash & cash equivalent	Sep 28 2024 MRQ Current Liabilities
Atlas Lithium Corporation	2.54	$ 4.046 Millions	$ 1.590 Millions
Piedmont Lithium Inc	2.34	$ 69.985 Millions	$ 29.934 Millions
Energy Fuels Inc	1.84	$ 47.455 Millions	$ 25.849 Millions
Teck Resources Limited	1.80	$ 6,016.164 Millions	$ 3,347.420 Millions
Summit Materials Inc	1.33	$ 737.541 Millions	$ 552.831 Millions
Galiano Gold Inc	0.95	$ 105.775 Millions	$ 110.815 Millions
5e Advanced Materials Inc	0.93	$ 6.851 Millions	$ 7.390 Millions
Intrepid Potash inc	0.93	$ 40.013 Millions	$ 43.190 Millions
Caesarstone Ltd	0.70	$ 106.336 Millions	$ 151.688 Millions
Chemical and Mining Co Of Chile Inc	0.62	$ 1,377.851 Millions	$ 2,218.816 Millions
Centrus Energy Corp	0.61	$ 194.300 Millions	$ 316.900 Millions
American Battery Technology Company	0.58	$ 5.769 Millions	$ 9.964 Millions
Vulcan Materials Company	0.56	$ 434.300 Millions	$ 774.100 Millions
Tecnoglass Inc	0.50	$ 124.778 Millions	$ 247.321 Millions
Crh Public Limited Company	0.36	$ 3,318.981 Millions	$ 9,279.671 Millions
Eagle Materials Inc	0.31	$ 93.909 Millions	$ 306.198 Millions

Date modified: 2026-09-26T07:30:32+00:00

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