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

Company name
Symbol
Quick ratio
Belden Inc
BDC
1.60
Corning Incorporated
GLW
0.78