Sensata Technologies Holding NV (ST)

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 508,104 889,703 857,312 1,034,130 1,225,520 1,103,920 1,558,580 1,608,480 1,708,960 1,958,140 1,861,770 1,893,930 1,861,980 1,610,190 1,242,950 802,971 774,119 721,386 721,073 649,518
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 823,718 872,673 880,898 1,109,470 1,178,970 905,974 887,129 840,045 836,259 829,820 836,932 773,521 1,495,160 626,415 926,559 621,061 634,746 620,503 629,144 636,296
Cash ratio 0.62 1.02 0.97 0.93 1.04 1.22 1.76 1.91 2.04 2.36 2.22 2.45 1.25 2.57 1.34 1.29 1.22 1.16 1.15 1.02

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($508,104K + $—K) ÷ $823,718K
= 0.62

The cash ratio of Sensata Technologies Holding Plc has shown a declining trend over the past few quarters. In Q4 2023, the cash ratio decreased to 0.78, indicating a lower ability to cover its short-term liabilities with its cash and cash equivalents. This may signal potential liquidity concerns for the company. However, when comparing Q4 2023 to the same period in the previous year (Q4 2022), the cash ratio has decreased only slightly from 1.18 to 0.78, suggesting that the company's liquidity position has weakened over the year.

Overall, the decreasing trend in the cash ratio of Sensata Technologies Holding Plc raises some concerns about its short-term liquidity management and ability to meet its immediate financial obligations using its available cash resources. Further analysis and monitoring of the company's liquidity position would be advisable to assess the impact on its financial health and sustainability.