Knowles Cor (KN)
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 | 130,100 | 92,600 | 84,000 | 122,100 | 87,300 | 75,100 | 54,400 | 52,000 | 48,200 | 41,500 | 47,700 | 50,700 | 68,900 | 140,000 | 94,200 | 181,600 | 147,800 | 139,100 | 168,300 | 147,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 197,600 | 185,900 | 178,900 | 170,300 | 164,600 | 107,000 | 108,400 | 125,300 | 99,100 | 131,300 | 149,100 | 143,000 | 166,200 | 313,500 | 301,800 | 302,200 | 297,300 | 138,000 | 231,800 | 132,900 |
| Cash ratio | 0.66 | 0.50 | 0.47 | 0.72 | 0.53 | 0.70 | 0.50 | 0.42 | 0.49 | 0.32 | 0.32 | 0.35 | 0.41 | 0.45 | 0.31 | 0.60 | 0.50 | 1.01 | 0.73 | 1.11 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($130,100K
+ $—K)
÷ $197,600K
= 0.66
The cash ratio of Knowles Cor has fluctuated over the analyzed period, starting at 1.11 on March 31, 2020, indicating a strong ability to cover short-term liabilities with cash and cash equivalents. However, the ratio declined to 0.73 by June 30, 2020, and continued to decrease to 0.31 by June 30, 2021, suggesting a potential strain on liquidity.
There was a slight improvement in the cash ratio to 0.50 by December 31, 2021, but it remained relatively low compared to the starting point. The ratio fluctuated around the 0.40-0.50 range until September 30, 2022, indicating some stability in the liquidity position of the company.
From September 30, 2022, to March 31, 2024, the cash ratio fluctuated between 0.32 and 0.72, showing some variability in the company's ability to cover short-term obligations with available cash. The ratio reached its peak at 0.72 on March 31, 2024, suggesting an improvement in liquidity compared to the previous periods.
Overall, the trend in Knowles Cor's cash ratio indicates some variability in liquidity over the analyzed period, with periods of both strength and potential strain on the company's ability to meet short-term obligations using cash reserves.
Peer comparison
Dec 31, 2024