Littelfuse Inc (LFUS)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 555,513 | 562,588 | 478,473 | 687,525 | 531,139 |
| Short-term investments | US$ in thousands | 235 | 84 | 28 | 54 | 44 |
| Total current liabilities | US$ in thousands | 375,494 | 572,295 | 434,633 | 275,648 | 225,562 |
| Cash ratio | 1.48 | 0.98 | 1.10 | 2.49 | 2.35 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($555,513K
+ $235K)
÷ $375,494K
= 1.48
The cash ratio of Littelfuse Inc has fluctuated over the past five years. In 2023, the cash ratio increased to 1.48 from 0.98 in 2022. This indicates that Littelfuse Inc had $1.48 in cash and cash equivalents for every $1 of current liabilities at the end of 2023.
Compared to the previous years, the cash ratio was lower in 2021 and 2022 at 1.10 and 0.98, respectively. However, in 2020 and 2019, the cash ratio was significantly higher at 2.49 and 2.35, indicating a stronger liquidity position during those years.
Overall, a higher cash ratio suggests a more liquid position for the company, while a lower cash ratio may indicate potential liquidity challenges. It is important to consider the trend of the cash ratio over multiple years to assess the effectiveness of the company's cash management and liquidity position.
Peer comparison
Dec 31, 2023