Littelfuse Inc (LFUS)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 724,924 | 555,513 | 562,588 | 478,473 | 687,525 |
| Short-term investments | US$ in thousands | 976 | 235 | 84 | 28 | 54 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 433,905 | 375,494 | 572,295 | 434,633 | 275,648 |
| Quick ratio | 1.67 | 1.48 | 0.98 | 1.10 | 2.49 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($724,924K
+ $976K
+ $—K)
÷ $433,905K
= 1.67
The quick ratio of Littelfuse Inc, a measure of the company's short-term liquidity position, has shown fluctuations over the past five years. Starting at a robust 2.49 in December 2020, the ratio decreased significantly to 1.10 by the end of 2021. However, the company improved its quick ratio in 2022 to 0.98, indicating potential liquidity challenges.
There was a positive trend in 2023 as the quick ratio rose to a healthier 1.48, suggesting an improvement in the company's ability to meet its short-term obligations. By the end of 2024, the quick ratio further improved to 1.67, demonstrating a strengthening liquidity position compared to the previous year.
Overall, while the quick ratio of Littelfuse Inc experienced fluctuations during the period, the company managed to enhance its short-term liquidity position by the end of 2024, which could indicate a better ability to cover its immediate financial obligations.
Peer comparison
Dec 31, 2024