Teleflex Incorporated (TFX)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 290,188 | 222,848 | 292,034 | 445,084 | 375,880 |
| Short-term investments | US$ in thousands | — | 16,883 | 48,503 | 21,718 | 20,106 |
| Total current liabilities | US$ in thousands | 649,360 | 606,745 | 581,492 | 680,119 | 540,027 |
| Cash ratio | 0.45 | 0.40 | 0.59 | 0.69 | 0.73 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($290,188K
+ $—K)
÷ $649,360K
= 0.45
The cash ratio of Teleflex Incorporated has exhibited a gradual decline over the past five years, decreasing from 0.73 as of December 31, 2020, to 0.45 as of December 31, 2024. This downward trend may indicate that the company has been utilizing its cash reserves less effectively to cover its short-term obligations over time. A declining cash ratio could potentially signal liquidity challenges, prompting the need for Teleflex to reassess its cash management strategies and ensure sufficient liquid assets are available to meet its upcoming financial obligations. It is advisable for Teleflex to closely monitor its cash ratio and take appropriate measures to maintain a healthy liquidity position in the future.
Peer comparison
Dec 31, 2024