Aptiv PLC (APTV)
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 | 1,573,000 | 1,054,000 | 1,409,000 | 941,000 | 1,640,000 | 1,808,000 | 1,302,000 | 1,100,000 | 1,531,000 | 4,850,000 | 4,670,000 | 4,877,000 | 3,139,000 | 2,741,000 | 2,978,000 | 2,830,000 | 2,821,000 | 2,122,000 | 1,885,000 | 2,055,000 |
| Short-term investments | US$ in thousands | 11,000 | 791,000 | 748,000 | — | 0 | -60,000 | -60,000 | — | 17,000 | 80,000 | — | — | 66,000 | 83,000 | 1,908,000 | — | 0 | 0 | — | — |
| Total current liabilities | US$ in thousands | 5,131,000 | 5,804,000 | 5,908,000 | 5,956,000 | 4,808,000 | 4,696,000 | 4,589,000 | 4,508,000 | 4,865,000 | 4,129,000 | 4,019,000 | 4,146,000 | 4,207,000 | 3,834,000 | 3,905,000 | 3,962,000 | 4,046,000 | 3,579,000 | 2,859,000 | 3,655,000 |
| Cash ratio | 0.31 | 0.32 | 0.37 | 0.16 | 0.34 | 0.37 | 0.27 | 0.24 | 0.32 | 1.19 | 1.16 | 1.18 | 0.76 | 0.74 | 1.25 | 0.71 | 0.70 | 0.59 | 0.66 | 0.56 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,573,000K
+ $11,000K)
÷ $5,131,000K
= 0.31
The cash ratio of Aptiv PLC has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The trend shows an increase in the cash ratio from 0.56 on March 31, 2020, to a peak of 1.25 on June 30, 2021. This indicates an improved ability to cover short-term obligations with available cash during that period.
However, the ratio then decreased to 0.16 on March 31, 2024, signaling a decline in the company's liquidity position compared to the peak in mid-2021. This may raise concerns about the company's short-term ability to meet its obligations using its cash reserves.
Overall, the cash ratio of Aptiv PLC has shown fluctuations, suggesting varying levels of liquidity and the need for careful monitoring of the company's cash position to ensure it can meet its short-term financial commitments effectively.
Peer comparison
Dec 31, 2024