Benchmark Electronics Inc (BHE)

Cash 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 and cash equivalents US$ in thousands 315,152 324,423 309,287 296,055 277,391 259,542 244,587 210,893 207,430 247,298 262,269 244,935 271,749 288,567 369,301 400,428 390,808 329,558 351,167 411,786
Short-term investments US$ in thousands — — — — — — 148 507 639 976 — — — — — — — — — —
Total current liabilities US$ in thousands 649,099 639,131 643,060 667,819 713,547 699,104 721,921 711,863 749,136 848,900 785,078 684,465 654,382 600,169 581,409 505,110 481,136 449,485 464,620 459,339
Cash ratio 0.49 0.51 0.48 0.44 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

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($315,152K + $—K) ÷ $649,099K
= 0.49

The cash ratio of Benchmark Electronics Inc has been on a declining trend over the past few years, indicating a decreasing ability to cover short-term liabilities with cash and cash equivalents. As of December 31, 2024, the cash ratio stood at 0.49, meaning the company had $0.49 in cash and cash equivalents for every $1 of current liabilities.

This downward trend could suggest potential liquidity challenges for the company, as a lower cash ratio may indicate a reduced ability to meet its short-term obligations without relying on external sources of funding. Management should closely monitor and manage the company's cash position to ensure it maintains sufficient liquidity to support its operations and honor its financial obligations.