Amphenol Corporation (APH)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,317,000 | 1,563,000 | 1,252,500 | 1,857,100 | 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 |
| Short-term investments | US$ in thousands | 18,400 | 20,300 | 49,700 | 106,400 | 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 |
| Total current liabilities | US$ in thousands | 4,083,800 | 3,901,700 | 3,455,800 | 3,423,100 | 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 |
| Cash ratio | 0.82 | 0.41 | 0.38 | 0.57 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,317,000K
+ $18,400K)
÷ $4,083,800K
= 0.82
The cash ratio of Amphenol Corporation, as indicated in the financial data provided, has shown some fluctuations over the period. The cash ratio is a liquidity ratio that measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to December 31, 2024, the cash ratio ranged from a low of 0.38 to a high of 1.10. The trend in the cash ratio indicates that the company has maintained a relatively stable liquidity position, with fluctuations reflecting changes in the company's cash holdings relative to its current liabilities.
Specifically, the cash ratio fluctuated between 0.38 and 1.10, with noticeable changes over the quarters. For example, there was a significant decline in the cash ratio from June 30, 2021 (0.41) to September 30, 2021 (0.45), indicating a temporary decrease in cash reserves relative to short-term obligations. Conversely, the cash ratio increased from September 30, 2023 (0.60) to December 31, 2023 (0.53), suggesting a slight dip in liquidity.
Overall, the cash ratio of Amphenol Corporation demonstrates a level of variability but generally remains within a reasonable range, indicating the company's ability to cover its short-term obligations with its available cash and cash equivalents. This liquidity measure is essential for assessing the company's ability to meet its immediate financial obligations without relying on external sources of financing.