Belden Inc (BDC)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — |
Receivables | US$ in thousands | 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 | 334,634 | 460,044 | 451,487 | 404,609 |
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 |
Quick ratio | 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 | 1.03 | 1.31 | 1.27 | 1.30 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($597,044K
+ $—K
+ $413,806K)
÷ $633,504K
= 1.60
Based on the quick ratio data provided, Belden Inc has maintained a relatively healthy liquidity position over the past eight quarters. The quick ratio measures the company's ability to meet short-term obligations with its most liquid assets, excluding inventory.
The quick ratio values for Belden Inc range from a low of 1.71 in Q1 2022 to a high of 2.00 in Q1 2023, indicating that the company typically has more than enough liquid assets to cover its short-term liabilities. A quick ratio above 1 suggests that Belden Inc has an appropriate level of liquidity to fulfill its immediate payment obligations.
The gradual increase in the quick ratio from Q1 2022 to Q1 2023 indicates an improvement in Belden Inc's liquidity position over the past year. This trend suggests that the company may be managing its short-term assets more efficiently or experiencing higher cash flows relative to its current liabilities.
Overall, Belden Inc's consistent quick ratio above 1.5 and the upward trend in recent quarters indicate a strong liquidity position, which is essential for the company to meet its short-term financial obligations and navigate potential economic uncertainties effectively.
Peer comparison
Dec 31, 2023