Flex Ltd (FLEX)
Cash ratio
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,289,000 | 2,313,000 | 2,601,000 | 2,243,000 | 2,474,000 | 2,764,000 | 2,900,000 | 2,660,000 | 3,294,000 | 2,565,000 | 2,453,000 | 2,647,000 | 2,964,000 | 2,574,000 | 2,458,000 | 2,693,000 | 2,637,000 | 2,611,000 | 2,359,000 | 1,935,080 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 9,850,000 | 9,037,000 | 9,306,000 | 8,969,000 | 8,539,000 | 9,386,000 | 10,106,000 | 10,638,000 | 10,855,000 | 11,668,000 | 12,146,000 | 11,590,000 | 10,711,000 | 9,642,000 | 8,688,000 | 8,138,000 | 7,834,000 | 7,519,000 | 7,157,000 | 6,795,250 |
| Cash ratio | 0.23 | 0.26 | 0.28 | 0.25 | 0.29 | 0.29 | 0.29 | 0.25 | 0.30 | 0.22 | 0.20 | 0.23 | 0.28 | 0.27 | 0.28 | 0.33 | 0.34 | 0.35 | 0.33 | 0.28 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,289,000K
+ $—K)
÷ $9,850,000K
= 0.23
Flex Ltd's cash ratio has fluctuated over the reported periods. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents.
The cash ratio ranged from a low of 0.20 on September 30, 2022, to a high of 0.35 on December 31, 2020. This indicates that for every dollar of current liabilities, the company had between $0.20 and $0.35 of cash and cash equivalents available to cover these obligations.
Overall, the trend in the cash ratio shows some variability but generally remained within the range of 0.20 to 0.35, suggesting that Flex Ltd maintained a reasonable level of liquidity to meet its short-term obligations during the reporting periods. However, it is important to monitor changes in the cash ratio over time to ensure the company's liquidity position remains stable.
Peer comparison
Mar 31, 2025