Visteon Corp (VC)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 623,000 | 550,000 | 508,000 | 504,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 49,000 | 63,000 | 57,000 | 60,000 | 51,000 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 916,000 | 937,000 | 887,000 | 938,000 | 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 |
| Quick ratio | 0.68 | 0.59 | 0.57 | 0.54 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($623,000K
+ $—K
+ $—K)
÷ $916,000K
= 0.68
The quick ratio of Visteon Corp has shown some fluctuations over the past few years. Starting at a relatively healthy level of 1.13 on March 31, 2020, the ratio increased to 1.26 by June 30, 2020, indicating a more liquid position. However, there was a significant decline in the quick ratio to 0.61 by September 30, 2020, and the ratio remained below 1 for the subsequent quarters, implying potential liquidity challenges.
During the period from September 30, 2020, to December 31, 2021, the quick ratio fluctuated between 0.53 and 0.70, reflecting some level of instability in the company's liquidity position. The ratio hit its lowest point of 0.37 on September 30, 2022, signaling a potential liquidity strain.
From December 31, 2022, to December 31, 2024, there was a slight recovery in the quick ratio, with the ratio gradually increasing from 0.50 to 0.68. However, the ratio remained below the ideal threshold of 1, indicating that Visteon Corp may still be facing liquidity challenges during this period.
Overall, the trend in Visteon Corp's quick ratio demonstrates some variability in the company's ability to meet its short-term obligations with its most liquid assets. It is essential for the company to closely monitor and manage its liquidity position to ensure financial stability and meet its short-term commitments effectively.
Peer comparison
Dec 31, 2024