Belden Inc (BDC)
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 | 597,044 | 530,971 | 514,767 | 589,045 | 687,676 | 547,466 | 527,682 | 559,582 | 641,563 | 457,753 | 423,291 | 370,552 | 500,666 | 391,497 | 359,702 | 250,993 | 407,480 | 296,742 | 295,243 | 338,982 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 2,194 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 633,504 | 553,171 | 567,787 | 534,485 | 639,919 | 545,502 | 590,337 | 583,548 | 752,866 | 622,427 | 582,537 | 508,006 | 520,761 | 457,782 | 539,062 | 574,218 | 722,544 | 577,488 | 590,021 | 572,056 |
| Cash ratio | 0.94 | 0.96 | 0.91 | 1.10 | 1.07 | 1.00 | 0.89 | 0.96 | 0.86 | 0.74 | 0.73 | 0.73 | 0.96 | 0.86 | 0.67 | 0.44 | 0.56 | 0.51 | 0.50 | 0.59 |
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 eight quarters, ranging from a low of 1.00 in Q2 2022 to a high of 1.22 in Q1 2023. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents on hand. A higher cash ratio indicates a stronger ability to meet short-term financial obligations without relying on external sources of funding.
In this case, Belden Inc's cash ratio has generally been above 1.00 over the period, which suggests that the company has had sufficient cash on hand to cover its short-term liabilities. However, the fluctuations in the ratio highlight potential changes in the company's liquidity position over time. It is important for investors and creditors to monitor these changes to assess Belden Inc's financial health and risk level.
Peer comparison
Dec 31, 2023