Plexus Corp (PLXS)

Cash 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 and cash equivalents	US$ in thousands	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	223,761	198,395	184,028
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	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	865,503	875,636	844,674
Cash ratio		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	0.26	0.23	0.22

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($231,982K + $—K) ÷ $1,743,560K
= 0.13

The cash ratio of Plexus Corp has fluctuated over the past 2 years, ranging from 0.13 to 0.32. The cash ratio is a measure of a 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.

In the most recent quarter, Dec 31, 2023, Plexus Corp has a cash ratio of 0.13, which suggests that they have $0.13 of cash and cash equivalents for every $1 of current liabilities. This ratio has remained relatively stable around the 0.13-0.14 range in recent quarters.

The trend of the cash ratio decreasing from 0.37 in Dec 31, 2020, to 0.13 in Dec 31, 2023, may indicate a decrease in the company's ability to cover short-term liabilities with cash. However, it's important to consider the industry norms and the company's specific business model before making any conclusions about its financial health based solely on the cash ratio. Additionally, the management of Plexus Corp would need to assess the reasons behind this trend and consider taking actions to improve their liquidity position if necessary.