Motorola Solutions Inc (MSI)
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 | 1,705,000 | 910,000 | 710,000 | 1,022,000 | 1,325,000 | 822,000 | 717,000 | 878,000 | 1,874,000 | 1,653,000 | 1,921,000 | 1,320,000 | 1,254,000 | 1,007,000 | 1,341,000 | 1,672,000 | 1,001,000 | 1,138,000 | 953,000 | 886,000 |
| Short-term investments | US$ in thousands | 28,000 | — | — | 3,000 | 21,000 | — | — | 2,000 | 69,000 | — | — | — | 19,000 | 17,000 | 23,000 | 21,000 | 25,000 | 22,000 | 42,000 | 18,000 |
| Receivables | US$ in thousands | 1,723,000 | 1,667,000 | 1,513,000 | — | 1,531,000 | — | — | — | 1,406,000 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,736,000 | 5,288,000 | 3,766,000 | 3,966,000 | 4,560,000 | 3,768,000 | 3,801,000 | 3,886,000 | 4,063,000 | 3,429,000 | 3,184,000 | 3,095,000 | 3,489,000 | 3,312,000 | 3,480,000 | 3,879,000 | 3,439,000 | 3,656,000 | 2,876,000 | 2,979,000 |
| Quick ratio | 0.60 | 0.49 | 0.59 | 0.26 | 0.63 | 0.22 | 0.19 | 0.23 | 0.82 | 0.48 | 0.60 | 0.43 | 0.36 | 0.31 | 0.39 | 0.44 | 0.30 | 0.32 | 0.35 | 0.30 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,705,000K
+ $28,000K
+ $1,723,000K)
÷ $5,736,000K
= 0.60
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated by dividing the sum of cash, cash equivalents, and accounts receivable by the current liabilities.
Based on the data provided for Motorola Solutions Inc, the quick ratio for each quarter in 2022 and 2023 fluctuated between 0.77 and 0.96. This indicates that the company's short-term liquidity position has varied over time.
In Q4 2023, the quick ratio was 0.85, which means that for every $1 of current liabilities, the company had $0.85 in quick assets available to meet its short-term obligations. While this ratio decreased from the previous quarter, it remains above 1, suggesting that Motorola Solutions Inc may have some difficulty meeting its immediate liabilities.
Overall, the trend in the quick ratio for Motorola Solutions Inc shows some volatility but generally indicates a moderate ability to cover its short-term obligations with liquid assets. It is important for stakeholders to monitor this ratio to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2023