LKQ Corporation (LKQ)
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 | 234,000 | 353,000 | 276,000 | 344,000 | 299,000 | 401,000 | 1,904,000 | 342,000 | 278,000 | 269,000 | 265,000 | 327,000 | 274,134 | 402,703 | 328,700 | 590,194 | 312,154 | 421,382 | 476,426 | 332,784 |
| Short-term investments | US$ in thousands | — | — | 1,000 | 1,000 | — | — | — | — | — | — | — | — | — | 178,410 | 168,467 | 170,729 | 155,224 | 147,536 | — | — |
| Total current liabilities | US$ in thousands | 2,862,000 | 2,990,000 | 2,904,000 | 3,059,000 | 3,318,000 | 3,559,000 | 3,028,000 | 2,412,000 | 2,271,000 | 2,351,000 | 2,485,000 | 2,495,000 | 2,165,450 | 2,322,260 | 2,278,160 | 2,436,630 | 1,988,490 | 1,926,500 | 1,949,770 | 1,938,970 |
| Cash ratio | 0.08 | 0.12 | 0.10 | 0.11 | 0.09 | 0.11 | 0.63 | 0.14 | 0.12 | 0.11 | 0.11 | 0.13 | 0.13 | 0.25 | 0.22 | 0.31 | 0.24 | 0.30 | 0.24 | 0.17 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($234,000K
+ $—K)
÷ $2,862,000K
= 0.08
The cash ratio of LKQ Corporation has fluctuated over the period from March 31, 2020, to December 31, 2024. It was at its highest level of 0.63 on June 30, 2023, indicating that the company had a high level of cash and cash equivalents relative to its current liabilities at that time. Conversely, the ratio dropped to its lowest point of 0.08 on December 31, 2024, suggesting a lower level of immediate cash availability compared to its short-term obligations. Overall, the cash ratio demonstrates the company's ability to cover its short-term liabilities with cash on hand, with fluctuations reflecting changes in the company's liquidity position over the period analyzed.