Knowles Cor (KN)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 78,400 | 69,700 | 53,600 | 41,300 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 151,500 | 139,300 | 127,500 | 127,400 |
| Cash ratio | 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 | 0.52 | 0.50 | 0.42 | 0.32 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($87,300K
+ $—K)
÷ $164,600K
= 0.53
The cash ratio of Knowles Corp has shown some fluctuations over the past eight quarters. The ratio reached its highest level in Q3 2023 at 0.79, indicating that the company had $0.79 in cash and cash equivalents for every $1 of current liabilities during that period. This suggests that the company had a strong ability to cover its short-term obligations with its available cash.
In contrast, the cash ratio dipped to its lowest level in Q1 2023 at 0.52, signaling a slight deterioration in the company's liquidity position compared to previous quarters. Despite this, the cash ratio remained above 0.5 in all quarters, indicating that Knowles Corp maintained a relatively healthy level of liquidity throughout the period.
Overall, while the cash ratio of Knowles Corp displayed some variability, it generally stayed within a reasonable range, reflecting the company's ability to manage its short-term financial obligations with its available cash reserves. It is important for investors and stakeholders to continue monitoring this ratio to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2023