Littelfuse Inc (LFUS)
Quick 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 | 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 |
| Receivables | US$ in thousands | 287,018 | 327,500 | 339,637 | — | 306,578 | — | — | — | 275,192 | 325,739 | 313,332 | 276,687 | 232,760 | 231,930 | 185,806 | 207,912 | 202,309 | 226,352 | 245,723 | 237,878 |
| 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 |
| Quick ratio | 2.24 | 1.84 | 1.66 | 0.82 | 1.52 | 1.06 | 2.03 | 1.26 | 1.73 | 2.41 | 2.44 | 2.60 | 3.34 | 3.72 | 4.01 | 3.98 | 3.25 | 2.82 | 2.70 | 2.65 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($555,513K
+ $235K
+ $287,018K)
÷ $375,494K
= 2.24
The quick ratio of Littelfuse Inc has fluctuated over the periods provided, ranging from 0.82 to 4.01. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities.
In more recent periods, the quick ratio has generally shown an increasing trend, peaking at 4.01 in March 2020 before declining slightly. This indicates improved liquidity and financial health over the past few quarters.
It is important to note that a quick ratio of 4.01 in March 2020 was significantly higher, suggesting a very strong liquidity position at that time. This could be due to factors such as increased cash reserves or reduced short-term liabilities.
Overall, the upward trend in the quick ratio suggests that Littelfuse Inc has been effectively managing its short-term liquidity and could be better positioned to meet its obligations in the near term.
Peer comparison
Dec 31, 2023