Plexus Corp (PLXS)

Cash ratio

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 Dec 31, 2019
Cash and cash equivalents US$ in thousands 345,109 269,868 265,053 231,982 256,233 252,965 269,664 247,880 274,805 276,608 307,964 217,067 270,172 303,255 294,370 356,724 385,807 296,545 225,830 252,914
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 1,643,290 1,724,710 1,736,840 1,743,560 1,812,670 1,940,980 1,917,860 1,954,460 2,006,190 1,860,740 1,659,140 1,366,480 1,128,700 1,001,560 919,273 955,456 1,003,520 1,037,620 900,857 889,851
Cash ratio 0.21 0.16 0.15 0.13 0.14 0.13 0.14 0.13 0.14 0.15 0.19 0.16 0.24 0.30 0.32 0.37 0.38 0.29 0.25 0.28

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($345,109K + $—K) ÷ $1,643,290K
= 0.21

The cash ratio of Plexus Corp has fluctuated over the past few years, ranging from a low of 0.13 to a high of 0.38. The cash ratio represents the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.

Looking at the trend, the cash ratio has generally been above 0.10, indicating that Plexus Corp has maintained a healthy level of liquidity to cover its short-term liabilities. The ratio peaked at 0.38 in December 2020, highlighting a period of strong liquidity. However, the ratio has shown some fluctuations since then, with varying levels of liquidity in subsequent quarters.

In recent periods, the cash ratio has been in the range of 0.13 to 0.21, suggesting that Plexus Corp has maintained a moderate level of liquidity to support its operations and financial obligations. It is important for the company to continue monitoring its cash position to ensure it can meet its short-term debt and other financial responsibilities effectively.


Peer comparison

Sep 30, 2024