Adient PLC (ADNT)
Cash ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 990,000 | 1,110,000 | 908,000 | 826,000 | 901,000 | 947,000 | 892,000 | 1,118,000 | 2,080,000 | 1,521,000 | 1,000,000 | 984,000 | 1,820,000 | 1,692,000 | 1,032,000 | 1,640,000 | 965,000 | 924,000 | 1,025,000 | 491,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 22,154 | — | — | — | — | 335,000 | — | — | 838,000 | — | 1,090,000 | 1,279,000 | 1,321,000 | 1,399,000 | 1,407,000 | 1,544,000 |
| Total current liabilities | US$ in thousands | 3,548,000 | 3,738,000 | 3,720,000 | 3,671,000 | 3,418,000 | 3,501,000 | 3,387,000 | 3,658,000 | 3,742,000 | 3,511,000 | 3,631,000 | 3,661,000 | 3,584,000 | 3,819,000 | 3,083,000 | 4,223,000 | 3,683,000 | 3,835,000 | 3,963,000 | 4,004,000 |
| Cash ratio | 0.28 | 0.30 | 0.24 | 0.23 | 0.27 | 0.27 | 0.26 | 0.31 | 0.56 | 0.53 | 0.28 | 0.27 | 0.74 | 0.44 | 0.69 | 0.69 | 0.62 | 0.61 | 0.61 | 0.51 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($990,000K
+ $—K)
÷ $3,548,000K
= 0.28
The cash ratio of Adient plc has exhibited some fluctuations over the past eight quarters. The ratio peaked at 0.45 in Q1 2024, indicating that the company had $0.45 in cash and cash equivalents for every $1 of current liabilities at that point in time. This represents a relatively strong liquidity position.
Looking back at the previous quarters, the cash ratio was relatively stable around the range of 0.39 to 0.43 from Q2 2022 to Q4 2023. However, in Q1 2023, there was a slight increase to 0.40 before reaching the highest point in Q1 2024.
Overall, the cash ratio trend suggests that Adient plc has maintained a reasonable level of liquidity to cover its short-term obligations. Investors and stakeholders may find the increasing trend in the cash ratio from Q2 2023 to Q1 2024 as a positive indicator of the company's ability to meet its short-term financial commitments using its available cash reserves.
Peer comparison
Dec 31, 2023