Belden Inc (BDC)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 370,302 | 597,044 | 687,676 | 641,563 | 500,666 |
| Short-term investments | US$ in thousands | — | — | — | 2,194 | 1,328 |
| Receivables | US$ in thousands | 409,711 | 413,806 | 440,102 | 383,444 | 296,817 |
| Total current liabilities | US$ in thousands | 622,704 | 633,504 | 639,919 | 752,866 | 520,761 |
| Quick ratio | 1.25 | 1.60 | 1.76 | 1.36 | 1.53 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($370,302K
+ $—K
+ $409,711K)
÷ $622,704K
= 1.25
The quick ratio of Belden Inc has shown fluctuations over the years according to the provided data. As of December 31, 2020, the quick ratio was 1.53, indicating that the company had $1.53 in liquid assets available to cover each $1 of current liabilities.
Subsequently, by December 31, 2021, the quick ratio decreased to 1.36, suggesting a slight reduction in the company's ability to meet its short-term obligations using its most liquid assets.
However, by December 31, 2022, the quick ratio improved to 1.76, signaling a stronger liquidity position compared to the previous year. This increase indicates that Belden Inc had increased its ability to cover its short-term liabilities with its liquid assets significantly.
By December 31, 2023, the quick ratio decreased slightly to 1.60, showing a minor dip in the company's short-term liquidity position.
Finally, by December 31, 2024, the quick ratio fell to 1.25, indicating a significant decline compared to the previous year. This could potentially signify a decreased ability to cover short-term liabilities with liquid assets, raising concerns about the company's liquidity position.
Overall, from 2020 to 2024, Belden Inc's quick ratio exhibited fluctuations, with both improvements and declines in its short-term liquidity position. It would be important for stakeholders to further investigate the reasons behind these changes to assess the company's financial health accurately.
Peer comparison
Dec 31, 2024