Visteon Corp (VC)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 515,000 | 520,000 | 452,000 | 496,000 | 466,000 |
| Short-term investments | US$ in thousands | — | — | — | 60,000 | — |
| Receivables | US$ in thousands | 989,000 | 838,000 | 701,000 | 662,000 | 672,000 |
| Total current liabilities | US$ in thousands | 931,000 | 1,035,000 | 852,000 | 824,000 | 798,000 |
| Quick ratio | 1.62 | 1.31 | 1.35 | 1.48 | 1.43 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($515,000K
+ $—K
+ $989,000K)
÷ $931,000K
= 1.62
The quick ratio of Visteon Corp. has shown a stable trend over the past five years, ranging from 1.31 to 1.47. This indicates that the company has consistently maintained a sufficient level of highly liquid assets to cover its short-term liabilities. In particular, the quick ratio was 1.41 at the end of both 2020 and 2023, suggesting a relatively healthy liquidity position for the company. Overall, Visteon Corp. appears to have a strong ability to meet its immediate financial obligations with its current assets, which is a positive sign for its financial health.
Peer comparison
Dec 31, 2023