Benchmark Electronics Inc (BHE)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 315,152 | 277,391 | 207,430 | 271,749 | 390,808 |
| Short-term investments | US$ in thousands | — | — | 639 | — | — |
| Receivables | US$ in thousands | 412,458 | 449,404 | 491,965 | 356,224 | 309,748 |
| Total current liabilities | US$ in thousands | 649,099 | 713,547 | 749,136 | 654,382 | 481,136 |
| Quick ratio | 1.12 | 1.02 | 0.93 | 0.96 | 1.46 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($315,152K
+ $—K
+ $412,458K)
÷ $649,099K
= 1.12
The quick ratio of Benchmark Electronics Inc has exhibited fluctuations over the past five years. Starting at 1.46 as of December 31, 2020, the quick ratio decreased to 0.96 by December 31, 2021, illustrating a potential liquidity challenge as the ratio fell below 1. However, in subsequent years, the quick ratio improved slightly to 0.93 by December 31, 2022, and further increased to 1.02 by December 31, 2023, suggesting a better ability to cover short-term obligations with liquid assets. By the end of December 31, 2024, the quick ratio reached 1.12, indicating an even stronger liquidity position compared to the previous years. Overall, the trend in the quick ratio implies varying levels of liquidity for Benchmark Electronics Inc over the analyzed period.
Peer comparison
Dec 31, 2024