Visteon Corp (VC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,616,000 | 1,622,000 | 1,597,000 | 1,664,000 | 1,710,000 | 1,594,000 | 1,399,000 | 1,451,000 | 1,424,000 | 1,233,000 | 1,244,000 | 1,292,000 | 1,341,000 | 1,268,000 | 1,426,000 | 1,583,000 | 1,345,000 | 1,287,000 | 1,283,000 | 1,283,000 |
| 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 |
| Current ratio | 1.74 | 1.71 | 1.75 | 1.73 | 1.65 | 1.63 | 1.75 | 1.71 | 1.67 | 1.73 | 1.65 | 1.67 | 1.63 | 1.61 | 2.38 | 2.17 | 1.69 | 1.69 | 1.68 | 1.74 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,616,000K ÷ $931,000K
= 1.74
The current ratio measures a company's ability to cover its short-term obligations with its current assets. Visteon Corp.'s current ratio has shown stability and improvement over the past eight quarters. The current ratio ranged from 1.63 to 1.75 during this period.
The current ratio for Q4 2023 stands at 1.74, demonstrating that the company has $1.74 in current assets for every $1 in current liabilities. This indicates that Visteon Corp. has a relatively strong ability to meet its short-term obligations.
Overall, Visteon Corp.'s current ratio has shown consistent strength, hovering above the benchmark of 1, suggesting good liquidity and ability to handle its current liabilities effectively. It is essential for investors and stakeholders to continue monitoring the trend of the current ratio to assess the company's short-term financial health.
Peer comparison
Dec 31, 2023