Belden Inc (BDC)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 597,044 | 687,676 | 641,563 | 500,666 | 407,480 |
| Short-term investments | US$ in thousands | — | — | 2,194 | 1,328 | — |
| Total current liabilities | US$ in thousands | 633,504 | 639,919 | 752,866 | 520,761 | 722,544 |
| Cash ratio | 0.94 | 1.07 | 0.86 | 0.96 | 0.56 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($597,044K
+ $—K)
÷ $633,504K
= 0.94
The cash ratio for Belden Inc has fluctuated over the past five years. In 2023, the cash ratio stands at 1.07, which means that for every dollar of current liabilities, the company has $1.07 in cash and cash equivalents available to cover these obligations. This indicates a relatively healthy liquidity position compared to previous years.
In 2022, the cash ratio was slightly higher at 1.18, showing an even stronger liquidity position compared to 2023. However, in 2021, the cash ratio decreased to 0.99, although it still indicates that Belden Inc had enough cash to cover its short-term liabilities.
The cash ratio in 2020 was 1.06, which suggests that the company's liquidity position improved slightly compared to 2021. The most significant change was noted in 2019, when the cash ratio was only 0.60, indicating that the company had less cash available relative to its current liabilities that year.
Overall, the trend in Belden Inc's cash ratio indicates fluctuations in its liquidity position over the years, with some years showing stronger cash reserves to cover short-term obligations than others. It is essential for the company to maintain a healthy cash ratio to ensure it can meet its short-term financial obligations.
Peer comparison
Dec 31, 2023