Visteon Corp (VC)
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 | 515,000 | 481,000 | 455,000 | 484,000 | 520,000 | 362,000 | 322,000 | 402,000 | 452,000 | 397,000 | 466,000 | 482,000 | 496,000 | 431,000 | 755,000 | 822,000 | 466,000 | 443,000 | 435,000 | 432,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 49,000 | 63,000 | 57,000 | 60,000 | 51,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 931,000 | 948,000 | 911,000 | 964,000 | 1,035,000 | 980,000 | 801,000 | 849,000 | 852,000 | 711,000 | 755,000 | 775,000 | 824,000 | 788,000 | 598,000 | 729,000 | 798,000 | 762,000 | 762,000 | 739,000 |
| Cash ratio | 0.55 | 0.51 | 0.50 | 0.50 | 0.50 | 0.37 | 0.40 | 0.47 | 0.53 | 0.63 | 0.70 | 0.70 | 0.67 | 0.61 | 1.26 | 1.13 | 0.58 | 0.58 | 0.57 | 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 been relatively stable over the past eight quarters, ranging from 0.43 to 0.62. This indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
A cash ratio of 0.62 in Q4 2023 suggests that for every dollar of current liabilities, Visteon Corp. has $0.62 in cash or near-cash assets available to meet its obligations. This ratio has improved compared to the previous quarter, where it was 0.57.
The trend of the cash ratio shows that Visteon Corp. has been effectively managing its liquidity position, with the ratio staying above 0.50 for the majority of the quarters analyzed. This indicates that the company has a sufficient amount of liquid assets to cover its short-term debts, which is a positive sign for investors and creditors.
Overall, the consistent and relatively high cash ratios of Visteon Corp. reflect a strong liquidity position and the ability to meet its short-term financial obligations without relying heavily on external financing.
Peer comparison
Dec 31, 2023