Gentex Corporation (GNTX)

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	233,319	179,640	260,242	249,005	226,435	260,634	237,666	215,452	214,755	222,934	269,372	279,708	262,312	269,965	353,033	455,941	423,371	400,500	343,811	278,525
Short-term investments	US$ in thousands	22,305	20,463	15,534	16,759	14,356	17,465	20,172	25,635	23,007	16,123	11,992	6,892	5,424	6,937	13,799	25,944	27,164	52,578	70,015	131,078
Total current liabilities	US$ in thousands	252,693	283,165	304,729	304,411	271,609	274,406	276,062	297,031	250,553	265,165	286,172	239,223	181,656	192,442	196,397	223,230	177,737	236,489	217,631	263,958
Cash ratio		1.01	0.71	0.90	0.87	0.89	1.01	0.93	0.81	0.95	0.90	0.98	1.20	1.47	1.44	1.87	2.16	2.53	1.92	1.90	1.55

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($233,319K + $22,305K) ÷ $252,693K
= 1.01

The cash ratio of Gentex Corporation has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.

The trend in Gentex Corporation's cash ratio shows an initial increase from 1.55 on March 31, 2020, to a peak of 2.53 on December 31, 2020. This indicates that the company had a relatively high level of cash to cover its short-term obligations at the end of 2020.

Subsequently, the cash ratio experienced a decline to 1.20 on March 31, 2022, signaling a decrease in the company's liquidity position. The ratio continued to fluctuate over the following quarters, with values ranging between 0.71 and 2.16.

The most recent data point, as of December 31, 2024, shows a cash ratio of 1.01, suggesting that Gentex Corporation had sufficient cash on hand to cover its short-term liabilities at the end of the year.

Overall, the varying levels of the cash ratio reflect changes in Gentex Corporation's liquidity position and its ability to meet immediate financial obligations with available cash resources over the analyzed period.