Amphenol Corporation (APH)
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 | 1,475,000 | 1,481,500 | 1,325,100 | 1,391,100 | 1,373,100 | 1,189,000 | 1,215,200 | 1,247,500 | 1,197,100 | 1,268,100 | 1,209,400 | 2,327,600 | 1,702,000 | 1,420,500 | 1,288,300 | 2,372,300 | 891,200 | 969,300 | 982,300 | 969,700 |
| Short-term investments | US$ in thousands | 185,200 | 252,500 | 177,900 | 107,600 | 61,100 | 63,000 | 119,200 | 52,100 | 44,300 | 34,400 | 33,200 | 33,600 | 36,100 | 35,700 | 25,700 | 11,300 | 17,400 | 17,400 | 15,000 | 17,900 |
| Total current liabilities | US$ in thousands | 3,152,700 | 2,908,800 | 2,709,700 | 2,426,200 | 2,676,100 | 2,654,900 | 2,580,700 | 2,397,200 | 2,447,100 | 2,885,000 | 2,996,500 | 2,547,900 | 2,304,300 | 2,215,000 | 1,785,200 | 2,170,200 | 2,132,700 | 2,122,600 | 2,052,900 | 1,649,200 |
| Cash ratio | 0.53 | 0.60 | 0.55 | 0.62 | 0.54 | 0.47 | 0.52 | 0.54 | 0.51 | 0.45 | 0.41 | 0.93 | 0.75 | 0.66 | 0.74 | 1.10 | 0.43 | 0.46 | 0.49 | 0.60 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,475,000K
+ $185,200K)
÷ $3,152,700K
= 0.53
The cash ratio of Amphenol Corp. has ranged from 0.61 to 0.77 over the past eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
In the most recent quarter, Q4 2023, the cash ratio was 0.65, which suggests a slight decrease compared to the previous quarter. While the ratio has fluctuated slightly over time, it generally remains within a relatively consistent range indicating that Amphenol Corp. has maintained a healthy level of cash to cover its short-term liabilities.
Overall, the cash ratio trend for Amphenol Corp. indicates a stable liquidity position, which is an important aspect of financial health for the company.