Lear Corporation (LEA)
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 | 1,052,900 | 763,900 | 952,100 | 930,400 | 1,196,300 | 979,700 | 901,900 | 898,500 | 1,114,900 | 842,200 | 828,000 | 1,162,000 | 1,318,300 | 1,099,100 | 1,401,700 | 1,375,400 | 1,306,700 | 1,250,400 | 1,775,500 | 2,449,100 |
| Short-term investments | US$ in thousands | 0 | 6,600 | 6,200 | 5,000 | 4,800 | 1,700 | 1,800 | 1,100 | 3,600 | 3,400 | 3,300 | 1,800 | 3,500 | 2,700 | 2,700 | 2,600 | 9,300 | 8,900 | 7,600 | 7,700 |
| Total current liabilities | US$ in thousands | 5,447,000 | 5,892,700 | 5,817,800 | 5,943,000 | 5,667,200 | 5,701,400 | 5,775,200 | 5,597,600 | 5,188,300 | 5,189,800 | 5,027,600 | 5,087,100 | 4,759,900 | 4,951,500 | 4,875,400 | 5,173,300 | 5,076,700 | 5,054,500 | 4,786,800 | 5,348,500 |
| Cash ratio | 0.19 | 0.13 | 0.16 | 0.16 | 0.21 | 0.17 | 0.16 | 0.16 | 0.22 | 0.16 | 0.17 | 0.23 | 0.28 | 0.22 | 0.29 | 0.27 | 0.26 | 0.25 | 0.37 | 0.46 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,052,900K
+ $0K)
÷ $5,447,000K
= 0.19
The cash ratio of Lear Corporation has fluctuated over the years, indicating the company's ability to cover its short-term liabilities with its cash and cash equivalents. The ratio ranged from 0.13 to 0.46 during the period from March 31, 2020, to December 31, 2024.
The company's cash ratio reached its peak at 0.46 on March 31, 2020, implying that it had a high level of cash to cover its current liabilities at that time. However, the ratio gradually decreased over the following years, hitting its lowest point of 0.13 on September 30, 2024.
Overall, Lear Corporation experienced fluctuations in its cash ratio, which may indicate changes in its cash holdings and short-term liabilities management strategies over the analyzed period. The company should continue to monitor its cash position relative to its short-term obligations to ensure liquidity and financial stability.
Peer comparison
Dec 31, 2024