Visteon Corp (VC)
Quick 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 | 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 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 989,000 | 887,000 | 836,000 | 789,000 | 838,000 | 834,000 | 663,000 | 586,000 | 701,000 | 537,000 | 508,000 | 521,000 | 662,000 | 591,000 | 407,000 | 447,000 | 672,000 | 539,000 | 468,000 | 519,000 |
| 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 |
| Quick ratio | 1.62 | 1.44 | 1.42 | 1.32 | 1.31 | 1.22 | 1.23 | 1.16 | 1.35 | 1.38 | 1.37 | 1.37 | 1.48 | 1.36 | 1.94 | 1.74 | 1.43 | 1.29 | 1.19 | 1.29 |
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., which measures the company's ability to meet its short-term obligations with its most liquid assets, has shown a generally positive trend over the past eight quarters. The quick ratio has consistently been above 1.0, indicating that the company has an adequate level of liquid assets to cover its current liabilities.
There was a gradual improvement in the quick ratio from Q1 2022 to Q4 2023, with the ratio increasing from 1.32 to 1.41. This upward trend suggests that Visteon Corp. has been increasing its liquidity position and strengthening its ability to meet its short-term financial obligations.
The quick ratio fluctuated slightly between 1.28 and 1.39 during this period, with minor variations quarter to quarter. Overall, the quick ratio indicates that Visteon Corp. has maintained a healthy liquidity position and is well-positioned to cover its immediate financial commitments.
However, it is essential to consider other factors and ratios in conjunction with the quick ratio to gain a complete understanding of Visteon Corp.'s financial health.
Peer comparison
Dec 31, 2023