Teleflex Incorporated (TFX)
Quick ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 290,188 | 243,235 | 238,567 | 237,423 | 222,848 | 881,499 | 250,816 | 264,138 | 292,034 | 397,259 | 308,121 | 466,656 | 445,084 | 481,167 | 361,781 | 324,631 | 375,880 | 347,480 | 553,535 | 406,477 |
| Short-term investments | US$ in thousands | — | — | 16,409 | 18,873 | 16,883 | 67,500 | 41,906 | 52,526 | 48,503 | 28,536 | 22,034 | 26,653 | 21,718 | 25,684 | 20,633 | 25,575 | 20,106 | 25,796 | 21,652 | 26,764 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 649,360 | 618,753 | 556,751 | 571,014 | 606,745 | 585,422 | 555,449 | 575,712 | 581,492 | 610,943 | 610,446 | 656,200 | 680,119 | 562,210 | 526,848 | 508,053 | 540,027 | 475,247 | 456,615 | 402,300 |
| Quick ratio | 0.45 | 0.39 | 0.46 | 0.45 | 0.40 | 1.62 | 0.53 | 0.55 | 0.59 | 0.70 | 0.54 | 0.75 | 0.69 | 0.90 | 0.73 | 0.69 | 0.73 | 0.79 | 1.26 | 1.08 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($290,188K
+ $—K
+ $—K)
÷ $649,360K
= 0.45
The quick ratio of Teleflex Incorporated has shown fluctuations over the period examined. The quick ratio measures the company's ability to meet its short-term obligations with highly liquid assets. A quick ratio below 1.0 indicates potential liquidity issues.
From March 31, 2020, to December 31, 2022, the quick ratio fluctuated between 0.54 and 1.26, showing variability in the company's ability to cover its short-term liabilities. However, from March 31, 2023, to June 30, 2024, the quick ratio was consistently below 1.0, indicating potential liquidity challenges during this period.
The quick ratio significantly improved to 1.62 as of September 30, 2023, suggesting a strong ability to cover short-term liabilities with liquid assets at that specific point in time. However, by December 31, 2023, and the subsequent periods, the quick ratio decreased again, indicating potential liquidity concerns.
Overall, the trend in Teleflex Incorporated's quick ratio highlights fluctuations in its short-term liquidity position, emphasizing the importance of closely monitoring liquidity management practices to ensure the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024