TE Connectivity Ltd (TEL)
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 | 1,170,000 | 1,661,000 | 1,131,000 | 905,000 | 793,000 | 1,088,000 | 820,000 | 749,000 | 982,000 | 1,203,000 | 1,416,000 | 1,748,000 | 1,098,000 | 945,000 | 474,000 | 796,000 | 742,000 | 927,000 | 546,000 | 565,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,011,000 | 4,463,000 | 4,258,000 | 4,393,000 | 4,420,000 | 4,632,000 | 5,058,000 | 5,046,000 | 4,274,000 | 4,656,000 | 4,662,000 | 5,039,000 | 4,083,000 | 3,690,000 | 3,727,000 | 3,959,000 | 3,404,000 | 3,540,000 | 3,694,000 | 3,867,000 |
| Cash ratio | 0.29 | 0.37 | 0.27 | 0.21 | 0.18 | 0.23 | 0.16 | 0.15 | 0.23 | 0.26 | 0.30 | 0.35 | 0.27 | 0.26 | 0.13 | 0.20 | 0.22 | 0.26 | 0.15 | 0.15 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,170,000K
+ $—K)
÷ $4,011,000K
= 0.29
The cash ratio of TE Connectivity Ltd has varied over the past few quarters, indicating the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In the most recent quarter, the cash ratio was 0.29, which means that for every $1 of current liabilities, the company had $0.29 in cash or cash equivalents. This represents a relatively strong liquidity position compared to previous quarters.
The cash ratio has fluctuated between 0.13 and 0.37 over the past five quarters, suggesting some volatility in the company's ability to meet short-term obligations with readily available cash. However, it is important to note that the ratios have generally been above 0.2 in the recent quarters, indicating a healthy level of liquidity.
Overall, TE Connectivity Ltd's cash ratio trend shows that the company has maintained a sufficient level of cash on hand to cover its short-term liabilities, which is a positive indicator of its liquidity position.
Peer comparison
Dec 31, 2023