Benchmark Electronics Inc (BHE)

Cash 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 and cash equivalents	US$ in thousands	277,391	259,542	244,587	210,893	207,430	247,298	262,269	244,935	271,749	288,567	369,301	400,428	390,808	329,558	351,167	411,786	347,558	348,042	396,613	395,316
Short-term investments	US$ in thousands	—	—	148	507	639	976	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	713,547	699,104	721,921	711,863	749,136	848,900	785,078	684,465	654,382	600,169	581,409	505,110	481,136	449,485	464,620	459,339	459,245	441,237	487,660	490,236
Cash ratio		0.39	0.37	0.34	0.30	0.28	0.29	0.33	0.36	0.42	0.48	0.64	0.79	0.81	0.73	0.76	0.90	0.76	0.79	0.81	0.81

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($277,391K + $—K) ÷ $713,547K
= 0.39

The cash ratio for Benchmark Electronics Inc. has shown some fluctuations over the past eight quarters. The ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.

In Q4 2023, the cash ratio stood at 0.70, a slight increase from the previous quarter's ratio of 0.72 in Q3 2023. This indicates that Benchmark Electronics Inc. had $0.70 of cash and cash equivalents for every $1 of current liabilities, offering a favorable liquidity position.

Comparing to the same quarter in the prior year, Q4 2022, where the cash ratio was 0.58, there has been an improvement. This suggests that the company's cash position relative to its short-term liabilities has strengthened over this period.

Overall, the trend in the cash ratio for Benchmark Electronics Inc. has been positive in recent quarters, reflecting a healthy liquidity position and the company's ability to meet its short-term obligations using available cash resources.