Amphenol Corporation (APH)
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 | 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 |
| Receivables | US$ in thousands | 2,618,400 | 2,571,200 | 2,443,500 | 2,411,900 | 2,631,300 | 2,640,100 | 2,571,600 | 2,422,100 | 2,454,800 | 2,204,500 | 2,072,800 | 1,931,800 | 1,951,600 | 1,880,300 | 1,658,300 | 1,540,500 | 1,736,400 | 1,689,100 | 1,685,000 | 1,661,900 |
| 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 |
| Quick ratio | 1.36 | 1.48 | 1.46 | 1.61 | 1.52 | 1.47 | 1.51 | 1.55 | 1.51 | 1.22 | 1.11 | 1.68 | 1.60 | 1.51 | 1.66 | 1.81 | 1.24 | 1.26 | 1.31 | 1.61 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,475,000K
+ $185,200K
+ $2,618,400K)
÷ $3,152,700K
= 1.36
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates a better ability to cover short-term liabilities.
Based on the data provided, Amphenol Corp.'s quick ratio has shown some fluctuation over the past eight quarters. The quick ratio has ranged from 1.48 to 1.77 during this period. Generally, a quick ratio above 1 suggests that Amphenol Corp. has an adequate level of liquid assets to cover its current liabilities.
The trend in Amphenol Corp.'s quick ratio shows some variability, with slight fluctuations across the quarters. The quick ratio peaked at 1.77 in Q1 2023 and reached its lowest point at 1.48 in Q4 2023. However, despite these fluctuations, the quick ratio has generally remained above 1 in all quarters, indicating a comfortable liquidity position for the company.
Overall, the quick ratio data suggests that Amphenol Corp. has maintained a strong liquidity position and is likely able to meet its short-term obligations efficiently. However, it is important to continue monitoring the quick ratio to ensure continued liquidity and financial stability.