TE Connectivity Ltd (TEL)
Cash 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 and cash equivalents | US$ in thousands | 1,319,000 | 1,469,000 | 1,176,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 8,000 | 7,000 | 8,000 | 10,000 | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,746,000 | 5,117,000 | 5,163,000 | 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 |
| Cash ratio | 0.28 | 0.29 | 0.23 | 0.29 | 0.37 | 0.27 | 0.21 | 0.18 | 0.23 | 0.16 | 0.15 | 0.23 | 0.26 | 0.31 | 0.35 | 0.27 | 0.26 | 0.13 | 0.20 | 0.22 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,319,000K
+ $—K)
÷ $4,746,000K
= 0.28
The cash ratio of TE Connectivity Ltd has fluctuated over the past few quarters. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
In the most recent quarter, as of September 30, 2024, the cash ratio stood at 0.28, indicating that the company had $0.28 in cash and cash equivalents for every $1 of current liabilities. This ratio has shown a slight decrease from the previous quarter, where it was at 0.29.
Looking back over the past few quarters, we observe that the cash ratio has varied between 0.13 and 0.37. The highest ratio was recorded in September 30, 2023, at 0.37, indicating a relatively stronger position in terms of cash liquidity at that point in time.
On the other hand, the lowest ratio was seen in March 31, 2020, at 0.13, suggesting a relatively weaker liquidity position during that period.
Overall, the trend in the cash ratio of TE Connectivity Ltd shows some variability, but the company generally maintains a reasonable level of cash liquidity to cover its short-term obligations. It is important for investors and stakeholders to continue monitoring this ratio to assess the company's ability to meet its immediate financial obligations.
Peer comparison
Sep 30, 2024