Aptiv PLC (APTV)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | 3,557,000 | 3,936,000 | 3,883,000 | 3,920,000 | 3,815,000 | 3,864,000 | 3,979,000 | 3,793,000 | 3,648,000 | 3,606,000 | 3,304,000 | 3,313,000 | 3,032,000 | 2,954,000 | 2,928,000 | 3,048,000 | 3,016,000 | 2,920,000 | 2,091,000 | 2,567,000 |
| 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 |
| Quick ratio | 1.00 | 1.00 | 1.02 | 0.82 | 1.13 | 1.20 | 1.14 | 1.09 | 1.07 | 2.07 | 1.98 | 1.98 | 1.48 | 1.51 | 2.00 | 1.48 | 1.44 | 1.41 | 1.39 | 1.26 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,573,000K
+ $11,000K
+ $3,557,000K)
÷ $5,131,000K
= 1.00
The quick ratio of Aptiv PLC, a measure of the company's ability to meet its short-term obligations with its most liquid assets, has exhibited fluctuations over the periods analyzed. The quick ratio increased steadily from March 31, 2020, to June 30, 2021, indicating improving liquidity. The ratio peaked at 2.00 on June 30, 2021, suggesting the company had a high level of liquid assets relative to current liabilities at that point.
However, from September 30, 2021, to March 31, 2024, the quick ratio fluctuated within a narrower range, indicating some variability in the company's ability to quickly cover its short-term obligations. The ratio dropped to 0.82 on March 31, 2024, potentially signaling a decreased ability to meet immediate financial demands with liquid assets.
Overall, the quick ratio of Aptiv PLC has shown variations over time, reflecting changes in the company's liquidity position. It is important for stakeholders to monitor these fluctuations to assess the company's short-term financial health and ability to manage its current liabilities effectively.
Peer comparison
Dec 31, 2024