Arrow Electronics Inc (ARW)
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 | 218,053 | 333,294 | 240,382 | 205,554 | 176,915 | 333,985 | 225,596 | 242,791 | 222,194 | 215,932 | 244,070 | 227,701 | 373,615 | 227,019 | 205,828 | 200,998 | 300,103 | 262,254 | 269,989 | 351,899 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 69,022 | 68,937 | 77,330 | 76,358 | 76,355 | 80,756 | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 13,187,900 | 11,936,000 | 10,669,300 | 10,390,100 | 12,389,600 | 11,418,100 | 11,033,100 | 10,671,600 | 11,326,100 | 9,501,880 | 9,072,700 | 8,393,010 | 9,130,880 | 7,914,710 | 8,132,430 | 7,913,180 | 8,258,160 | 7,371,640 | 7,377,960 | 7,034,120 |
| Cash ratio | 0.02 | 0.03 | 0.02 | 0.02 | 0.01 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.05 | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($218,053K
+ $—K)
÷ $13,187,900K
= 0.02
The cash ratio of Arrow Electronics Inc. has remained relatively stable over the past eight quarters, fluctuating between 0.06 and 0.07. This ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents.
With a cash ratio between 0.06 and 0.07, Arrow Electronics Inc. maintains a moderate level of liquidity. A cash ratio of 0.07 means that for every dollar of current liabilities, the company has $0.07 available in cash or near-cash assets. This implies that Arrow Electronics Inc. has enough liquidity to meet its immediate obligations in the short term.
The consistency in the cash ratio over the quarters suggests that Arrow Electronics Inc. has been managing its cash position effectively. However, it is essential to monitor any significant deviations in the cash ratio over time, as large fluctuations could indicate changes in the company's liquidity position and financial health.
Peer comparison
Dec 31, 2023