Belden Inc (BDC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,456,980 | 1,412,350 | 1,436,520 | 1,441,070 | 1,536,210 | 1,384,610 | 1,408,850 | 1,393,680 | 1,877,640 | 1,267,990 | 1,164,970 | 1,064,390 | 1,098,400 | 1,006,760 | 1,191,120 | 1,186,970 | 1,377,750 | 1,122,660 | 1,116,460 | 1,129,740 |
| 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 |
| Current ratio | 2.30 | 2.55 | 2.53 | 2.70 | 2.40 | 2.54 | 2.39 | 2.39 | 2.49 | 2.04 | 2.00 | 2.10 | 2.11 | 2.20 | 2.21 | 2.07 | 1.91 | 1.94 | 1.89 | 1.97 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,456,980K ÷ $633,504K
= 2.30
The current ratio of Belden Inc has shown some fluctuations over the past eight quarters. The ratio has been ranging between 2.30 and 2.70, indicating that the company has generally maintained a strong ability to meet its short-term obligations with its current assets.
The highest current ratio of 2.70 was reported in Q1 2023, suggesting that Belden Inc had a larger buffer of current assets relative to current liabilities during that period. This could imply efficient management of working capital and a reduced risk of liquidity issues.
Conversely, the lowest current ratio of 2.30 was observed in Q4 2023, indicating a slightly decreased ability to cover short-term liabilities with current assets. However, a current ratio above 2.0 is still considered healthy and indicates that Belden Inc is likely in a good position to meet its short-term obligations.
Overall, the trend in Belden Inc's current ratio over the past eight quarters reflects a generally stable liquidity position, with some minor fluctuations. It is important for the company to continue monitoring and managing its current assets and liabilities effectively to ensure it can meet its short-term financial obligations.
Peer comparison
Dec 31, 2023