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