Belden Inc (BDC)
Quick 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 | 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 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 409,711 | 430,176 | 396,850 | 356,401 | 413,806 | 481,125 | 509,801 | 417,868 | 440,102 | 436,715 | 425,553 | 375,626 | 383,444 | 421,703 | 386,133 | 342,416 | 296,817 | 331,232 | 302,303 | 307,064 |
| 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 |
| Quick ratio | 1.25 | 1.30 | 1.16 | 1.68 | 1.60 | 1.83 | 1.80 | 1.88 | 1.76 | 1.80 | 1.61 | 1.60 | 1.36 | 1.41 | 1.39 | 1.40 | 1.53 | 1.58 | 1.23 | 0.97 |
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 some fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Starting at 0.97 on March 31, 2020, the quick ratio improved steadily, reaching its peak at 1.88 on March 31, 2023. This indicates that the company had sufficient liquid assets to cover its current liabilities during these periods.
However, there was a slight dip in the quick ratio to 1.16 on June 30, 2024, which indicates a potential short-term liquidity concern for the company. It is essential for the company to closely monitor its liquidity position to ensure it can meet its short-term obligations efficiently.
The trend of the quick ratio for Belden Inc demonstrates the importance of managing liquidity effectively to maintain financial stability and meet obligations in a timely manner.
Peer comparison
Dec 31, 2024