Visteon Corp (VC)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 515,000 | 520,000 | 452,000 | 496,000 | 466,000 |
| Short-term investments | US$ in thousands | — | — | — | 60,000 | — |
| Total current liabilities | US$ in thousands | 931,000 | 1,035,000 | 852,000 | 824,000 | 798,000 |
| Cash ratio | 0.55 | 0.50 | 0.53 | 0.67 | 0.58 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($515,000K
+ $—K)
÷ $931,000K
= 0.55
The cash ratio of Visteon Corp. has exhibited fluctuations over the past five years. As of December 31, 2023, the cash ratio stands at 0.62, indicating a decrease compared to the previous year. The company's liquidity position, as measured by the cash ratio, has been somewhat volatile, with varying levels observed in recent years. A cash ratio of 0.62 suggests that for every dollar of current liabilities, Visteon Corp. has $0.62 in cash or cash equivalents available to cover its short-term obligations. While the company's cash ratio has declined in 2023, it remains relatively stable compared to the ratios reported in 2021, 2020, and 2019. Further analysis and comparison with industry benchmarks could provide additional insights into Visteon Corp.'s liquidity management and financial health.
Peer comparison
Dec 31, 2023