Knowles Cor (KN)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 130,100 87,300 48,200 68,900 147,800
Short-term investments US$ in thousands
Receivables US$ in thousands 105,000 135,300 134,700 146,600 131,400
Total current liabilities US$ in thousands 197,600 164,600 99,100 166,200 297,300
Quick ratio 1.19 1.35 1.85 1.30 0.94

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($130,100K + $—K + $105,000K) ÷ $197,600K
= 1.19

The quick ratio of Knowles Cor has shown variations over the past five years. In December 2020, the quick ratio was relatively low at 0.94, indicating a potential liquidity concern as it was below the ideal threshold of 1. However, the company improved its liquidity position in the following years.

By December 2021, the quick ratio had increased to 1.30, showing a healthier liquidity position as the company had a more favorable ratio of current assets to current liabilities. Subsequently, in December 2022, the quick ratio further improved to 1.85, suggesting a strong ability to cover its short-term obligations with its near-cash assets.

The quick ratio experienced a slight decline by December 2023 to 1.35, but overall the company still maintained a satisfactory liquidity position. In the most recent period ending December 2024, the quick ratio dipped to 1.19, indicating a slight decrease in liquidity compared to the previous year.

Overall, Knowles Cor has shown fluctuations in its quick ratio, but the general trend indicates an improvement in liquidity over the years, with the company being capable of meeting its short-term obligations using its quick assets.


Peer comparison

Dec 31, 2024

Company name
Symbol
Quick ratio
Knowles Cor
KN
1.19
Arlo Technologies
ARLO
1.25
Sonos Inc
SONO
0.73