Plexus Corp (PLXS)

Quick 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	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	622,366	643,786	645,523	656,207	661,542	706,898	—	733,962	737,696	—	—	—	519,684	—	—	—	—	—	—	—
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
Quick ratio		0.59	0.53	0.52	0.51	0.51	0.49	0.14	0.50	0.50	0.15	0.19	0.16	0.70	0.30	0.32	0.37	0.38	0.29	0.25	0.28

September 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($345,109K + $—K + $622,366K) ÷ $1,643,290K
= 0.59

The quick ratio of Plexus Corp has fluctuated over the past several quarters, ranging from 0.14 to 0.70. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1.0 indicates that the company may have difficulty meeting its short-term liabilities.

The quick ratio has shown some volatility, with notable improvements in some periods followed by declines in others. It dipped to a low of 0.14 in the first quarter of 2023, signaling potential liquidity challenges. However, the ratio improved significantly to 0.70 in the fourth quarter of 2021, indicating a strengthened ability to cover short-term obligations.

Overall, fluctuations in the quick ratio suggest varying levels of liquidity and efficiency in managing short-term obligations at Plexus Corp. Investors and stakeholders should continue to monitor the company's liquidity position to assess its ability to meet financial commitments in the short term.