Belden Inc (BDC)
Cash 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 and cash equivalents | US$ in thousands | 370,302 | 322,982 | 564,751 | 506,830 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 2,194 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 622,704 | 579,310 | 829,655 | 514,530 | 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 |
| Cash ratio | 0.59 | 0.56 | 0.68 | 0.99 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($370,302K
+ $—K)
÷ $622,704K
= 0.59
The cash ratio of Belden Inc has shown fluctuation over the years, ranging from 0.44 to 1.10. The cash ratio measures a company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio signifies that the company has more cash on hand relative to its current liabilities, indicating a stronger liquidity position.
Based on the data provided, Belden Inc experienced an increase in its cash ratio from March 31, 2020, to March 31, 2022, indicating an improvement in its ability to meet short-term obligations with cash reserves. The ratio peaked at 1.10 on March 31, 2023, suggesting a robust liquidity position at that time.
However, there was a decrease in the cash ratio from June 30, 2023, to September 30, 2024. This decline could be attributed to various factors such as increased spending, lower cash reserves, or higher short-term liabilities. A decreasing trend in the cash ratio may raise concerns about the company's liquidity position and its ability to meet immediate financial obligations.
Overall, a thorough analysis of the company's cash management practices, working capital management, and overall financial health is essential to better understand the implications of the fluctuating cash ratio for Belden Inc.
Peer comparison
Dec 31, 2024