Littelfuse Inc (LFUS)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 724,924 | 555,513 | 562,588 | 478,473 | 687,525 |
| Short-term investments | US$ in thousands | 976 | 235 | 84 | 28 | 54 |
| Total current liabilities | US$ in thousands | 433,905 | 375,494 | 572,295 | 434,633 | 275,648 |
| Cash ratio | 1.67 | 1.48 | 0.98 | 1.10 | 2.49 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($724,924K
+ $976K)
÷ $433,905K
= 1.67
The cash ratio of Littelfuse Inc has shown some fluctuations over the years. It was at a relatively healthy level of 2.49 as of December 31, 2020, indicating that the company had $2.49 in cash and cash equivalents for every dollar of current liabilities. However, there was a notable decline in the cash ratio to 1.10 as of December 31, 2021, suggesting a decrease in the company's ability to cover its short-term obligations with cash on hand.
The trend continued in the following year, with the cash ratio dropping further to 0.98 as of December 31, 2022, indicating a potential liquidity strain for the company. However, by December 31, 2023, there was a noticeable improvement in the cash ratio to 1.48, which could signify better liquidity management or increased cash reserves.
As of December 31, 2024, the cash ratio further improved to 1.67, indicating a strengthening liquidity position compared to the previous years. Overall, while there have been fluctuations in the cash ratio of Littelfuse Inc, the recent upward trend suggests a positive development in the company's ability to meet its short-term obligations with cash on hand.
Peer comparison
Dec 31, 2024