Littelfuse Inc (LFUS)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($724,924K
+ $976K
+ $—K)
÷ $434,573K
= 1.67
The quick ratio of Littelfuse Inc has fluctuated over the past years, ranging from a high of 3.12 in June 2020 to a low of 0.82 in March 2023. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
Littelfuse Inc's quick ratio experienced a general decrease from 2020 to 2023, signaling potential challenges in meeting short-term obligations with liquid assets. However, there was a slight improvement in the quick ratio in 2024, reaching 1.67 by December 31, 2024. This improvement suggests that the company may have enhanced its liquidity position or managed its short-term obligations more effectively during that period.
Overall, while the quick ratio of Littelfuse Inc has shown fluctuations, it is essential for investors to monitor this metric to assess the company's short-term liquidity position and its ability to meet financial obligations promptly.
Peer comparison
Dec 31, 2024