Littelfuse Inc (LFUS)
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 | 724,924 | 629,670 | 561,742 | 562,153 | 555,513 | 560,056 | 480,743 | 425,127 | 562,588 | 474,003 | 809,122 | 461,617 | 478,473 | 690,682 | 616,330 | 572,771 | 687,525 | 641,890 | 651,867 | 620,575 |
| Short-term investments | US$ in thousands | 976 | 1,011 | 971 | 231 | 235 | 229 | 84 | 85 | 84 | 79 | 20 | 27 | 28 | 28 | 18 | 53 | 54 | 52 | 44 | 43 |
| Total current liabilities | US$ in thousands | 434,573 | 439,866 | 418,189 | 404,972 | 375,494 | 481,646 | 495,680 | 519,638 | 572,295 | 448,810 | 398,769 | 365,344 | 434,633 | 421,640 | 381,692 | 326,545 | 275,648 | 234,606 | 209,157 | 208,215 |
| Cash ratio | 1.67 | 1.43 | 1.35 | 1.39 | 1.48 | 1.16 | 0.97 | 0.82 | 0.98 | 1.06 | 2.03 | 1.26 | 1.10 | 1.64 | 1.61 | 1.75 | 2.49 | 2.74 | 3.12 | 2.98 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($724,924K
+ $976K)
÷ $434,573K
= 1.67
The cash ratio of Littelfuse Inc has exhibited fluctuations over the past few years. Starting at a relatively strong level of 2.98 in March 2020, the ratio gradually increased to 3.12 by June 2020 before experiencing a decline to 1.10 by December 2021. This downward trend continued until March 2023 where it reached its lowest point of 0.82.
However, the cash ratio began to recover from that point onwards, showing a slight increase to 1.67 by December 2024. Despite the fluctuations, the cash ratio generally stayed above 1 during this period, indicating that Littelfuse Inc generally had enough cash to cover its short-term obligations. It is important to note that a cash ratio above 1 indicates that the company has sufficient liquid assets to meet its short-term liabilities, providing a buffer against financial distress.
Peer comparison
Dec 31, 2024