Littelfuse Inc (LFUS)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 531,139 | 476,057 | 474,781 | 476,614 |
| Short-term investments | US$ in thousands | 235 | 229 | 84 | 85 | 84 | 79 | 20 | 27 | 28 | 28 | 18 | 53 | 54 | 52 | 44 | 43 | 44 | 33 | 34 | 33 |
| Total current liabilities | US$ in thousands | 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 | 225,562 | 248,749 | 266,411 | 269,550 |
| Cash ratio | 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 | 2.35 | 1.91 | 1.78 | 1.77 |
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 historical periods provided. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents.
Littelfuse Inc's cash ratio has shown a general downward trend from December 2020 to September 2023, indicating a decreasing ability to meet short-term obligations solely with cash and cash equivalents. The ratio peaked at 3.12 in June 2020, indicating a relatively strong liquidity position at that time. However, the ratio has since declined, reaching a low of 0.82 in March 2023.
It is important for investors and stakeholders to monitor the cash ratio over time to assess the company's liquidity position and its ability to weather potential financial challenges. The decreasing trend in the cash ratio suggests that Littelfuse Inc may need to closely manage its cash resources to ensure it can meet its short-term obligations effectively in the future.
Peer comparison
Dec 31, 2023