Arrow Electronics Inc (ARW)
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 | 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 | — | — | — | — | — |
| Receivables | US$ in thousands | 12,238,100 | 10,663,200 | 11,035,900 | — | 12,322,700 | — | — | — | 11,123,900 | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.94 | 0.92 | 1.06 | 0.02 | 1.01 | 0.03 | 0.02 | 0.02 | 1.00 | 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($218,053K
+ $—K
+ $12,238,100K)
÷ $13,187,900K
= 0.94
The quick ratio of Arrow Electronics Inc. has exhibited some fluctuations over the past eight quarters. In Q4 2023, the quick ratio stood at 1.00, indicating that the company had just enough liquid assets to cover its current liabilities. This ratio decreased slightly from the previous quarter but remained relatively stable compared to the long-term trend.
Looking further back, the quick ratio was at its highest in Q2 2023 at 1.09, suggesting a stronger liquidity position during that period. However, this was followed by a slight decline in Q3 2023 to 0.96 before picking up again in Q4 2023.
Comparing year-over-year performance, the quick ratio in Q4 2023 was slightly lower than in Q4 2022, indicating a potential decrease in liquidity. However, the ratio remained above 1 in both periods, signaling that Arrow Electronics Inc. still had an adequate level of quick assets to cover its short-term obligations.
Overall, while there have been some fluctuations in the quick ratio of Arrow Electronics Inc. over the past eight quarters, the company generally appears to have maintained a healthy liquidity position, with the ability to meet its current liabilities using its liquid assets.
Peer comparison
Dec 31, 2023