Sensata Technologies Holding NV (ST)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 744,129 | 766,835 | 772,427 | 759,752 | 742,382 | 722,934 | 743,048 | 693,568 | 653,438 | 662,751 | 694,317 | 641,161 | 576,647 | 565,184 | 443,712 | 536,416 | 557,874 | 596,814 | 635,544 | 633,006 |
| 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 |
| Quick ratio | 1.52 | 1.90 | 1.85 | 1.62 | 1.67 | 2.02 | 2.59 | 2.74 | 2.82 | 3.16 | 3.05 | 3.28 | 1.63 | 3.47 | 1.82 | 2.16 | 2.10 | 2.12 | 2.16 | 2.02 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($508,104K
+ $—K
+ $744,129K)
÷ $823,718K
= 1.52
The quick ratio of Sensata Technologies Holding Plc has been relatively stable over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.
Looking at the data provided, we can see that the quick ratio ranged from a low of 1.69 in Q4 2023 to a high of 2.91 in Q1 2022. The ratio has generally been above 1, indicating that the company has had more than enough liquid assets to cover its short-term liabilities.
A quick ratio above 1 suggests that Sensata Technologies Holding Plc is in a strong position to meet its short-term obligations without relying heavily on inventory or other less liquid assets. However, there has been a slight decline in the quick ratio from Q1 2022 to Q4 2023, which could indicate a slight weakening in the company's liquidity position.
Overall, the company's quick ratio indicates a healthy liquidity position, but it would be important to monitor any further changes to ensure that Sensata Technologies Holding Plc can continue to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023