CTS Corporation (CTS)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 94,334 | 163,876 | 156,910 | 141,465 | 91,773 |
| Short-term investments | US$ in thousands | — | 1,121 | 1,561 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 97,553 | 97,039 | 112,532 | 114,066 | 104,932 |
| Quick ratio | 0.97 | 1.70 | 1.41 | 1.24 | 0.87 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($94,334K
+ $—K
+ $—K)
÷ $97,553K
= 0.97
The quick ratio of CTS Corporation has shown variability over the past five years. Starting at 0.87 in December 31, 2020, the ratio improved to 1.24 by December 31, 2021, indicating a better ability to cover its short-term obligations with its most liquid assets. Subsequently, the quick ratio continued to strengthen, reaching 1.41 by December 31, 2022, and further improving to 1.70 by December 31, 2023, suggesting a more solid liquidity position.
However, there was a slight decline in the quick ratio to 0.97 by December 31, 2024, which could be a cause for further analysis to determine the reasons for this decrease and whether it represents a potential liquidity concern. Overall, CTS Corporation has generally maintained a healthy quick ratio above 1 in recent years, indicating a satisfactory ability to meet its short-term obligations using its liquid assets.
Peer comparison
Dec 31, 2024