Visteon Corp (VC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,616,000 | 1,710,000 | 1,424,000 | 1,341,000 | 1,345,000 |
| Total current liabilities | US$ in thousands | 931,000 | 1,035,000 | 852,000 | 824,000 | 798,000 |
| Current ratio | 1.74 | 1.65 | 1.67 | 1.63 | 1.69 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,616,000K ÷ $931,000K
= 1.74
The current ratio of Visteon Corp. has shown a fluctuating trend over the five-year period from 2019 to 2023, with values ranging from 1.63 to 1.74. This ratio indicates the company's ability to meet its short-term obligations using its current assets.
In 2023, the current ratio has improved to 1.74 compared to 1.65 in 2022, indicating a stronger liquidity position. This implies that Visteon Corp. has $1.74 in current assets for every $1 in current liabilities. The increase in the current ratio from the previous year suggests an enhanced ability to cover short-term obligations.
While the current ratio fluctuated over the years, it has generally remained above 1, which indicates that Visteon Corp. has had sufficient current assets to cover its current liabilities. This is a positive sign of the company's liquidity and ability to meet short-term financial obligations.
Overall, the current ratio analysis of Visteon Corp. suggests that the company has maintained a satisfactory level of liquidity over the five-year period, with the ratio improving in 2023 compared to the previous year.
Peer comparison
Dec 31, 2023