Autoliv Inc (ALV)
Quick 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 | US$ in thousands | 498,000 | 475,000 | 475,000 | 713,000 | 594,000 | 483,000 | 327,000 | 938,000 | 969,000 | 903,000 | 893,000 | 1,254,000 | 1,178,000 | 1,476,500 | 1,223,200 | 907,200 | 444,700 | 334,400 | 406,400 | 436,600 |
| Short-term investments | US$ in thousands | — | — | — | — | -1,000 | — | — | — | -470,000 | — | — | — | 200 | — | — | — | -377,800 | — | — | — |
| Receivables | US$ in thousands | 2,258,000 | — | — | — | 1,962,000 | — | — | 1,000 | 1,745,000 | 1,000 | 1,000 | 1,000 | 1,819,600 | 1,100 | 1,000 | 1,500 | 1,623,900 | 1,653,500 | 1,683,100 | 1,746,700 |
| Total current liabilities | US$ in thousands | 4,035,000 | 3,851,000 | 3,756,000 | 3,529,000 | 3,642,000 | 3,458,000 | 3,061,000 | 3,073,000 | 2,821,000 | 2,811,000 | 2,852,000 | 3,188,000 | 3,147,000 | 3,221,300 | 2,152,000 | 2,226,200 | 2,410,200 | 2,304,800 | 2,418,400 | 2,738,500 |
| Quick ratio | 0.68 | 0.12 | 0.13 | 0.20 | 0.70 | 0.14 | 0.11 | 0.31 | 0.80 | 0.32 | 0.31 | 0.39 | 0.95 | 0.46 | 0.57 | 0.41 | 0.70 | 0.86 | 0.86 | 0.80 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($498,000K
+ $—K
+ $2,258,000K)
÷ $4,035,000K
= 0.68
The quick ratio of Autoliv Inc. has shown a declining trend over the last eight quarters, as depicted in the table provided. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Based on the data provided, the quick ratio has decreased from 0.98 in Q1 2022 to 0.73 in Q4 2023. This declining trend indicates a decrease in the company's ability to cover its short-term liabilities with its quick assets.
A quick ratio below 1 may suggest potential liquidity issues, as the company may have difficulties meeting its short-term obligations using only its most liquid assets. As the ratio has consistently been below 1 over the past eight quarters, it is important for stakeholders to assess whether Autoliv Inc. has sufficient liquidity to support its operations and financial obligations in the short term.
Further analysis and additional financial metrics should be considered to gain a more comprehensive understanding of Autoliv Inc.'s overall financial health and liquidity position.
Peer comparison
Dec 31, 2023