CTS Corporation (CTS)
Quick 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 | US$ in thousands | 94,334 | 94,875 | 161,246 | 162,425 | 163,876 | 160,112 | 150,878 | 143,537 | 156,910 | 147,908 | 98,739 | 126,118 | 141,465 | 128,527 | 117,397 | 103,392 | 91,773 | 131,740 | 145,981 | 150,955 |
| Short-term investments | US$ in thousands | — | — | 1,183 | 1,193 | 1,121 | 1,532 | 1,629 | 1,451 | 1,561 | 1,258 | 679 | 43 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 97,553 | 103,799 | 92,447 | 95,948 | 97,039 | 103,426 | 107,182 | 105,776 | 112,532 | 121,939 | 115,376 | 115,040 | 114,066 | 105,072 | 102,311 | 106,710 | 104,932 | 95,119 | 77,771 | 93,238 |
| Quick ratio | 0.97 | 0.91 | 1.76 | 1.71 | 1.70 | 1.56 | 1.42 | 1.37 | 1.41 | 1.22 | 0.86 | 1.10 | 1.24 | 1.22 | 1.15 | 0.97 | 0.87 | 1.39 | 1.88 | 1.62 |
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 fluctuations over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. Based on the data provided:
- The quick ratio increased steadily from March 31, 2020, to June 30, 2021, indicating a strengthening ability to cover short-term obligations.
- However, there was a notable decline from December 31, 2021, to June 30, 2022, which might suggest potential liquidity challenges during that period.
- The quick ratio improved again from September 30, 2022, to June 30, 2024, reaching its peak at 1.76 on June 30, 2024.
- There was a substantial drop in the quick ratio from March 31, 2024, to September 30, 2024, which could indicate a decrease in the company's ability to cover short-term liabilities with its liquid assets during that period.
Overall, the quick ratio of CTS Corporation has displayed fluctuations, with periods of both improvement and decline, highlighting the importance of monitoring liquidity levels to ensure the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024