Vontier Corp (VNT)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 356,400 | 340,900 | 204,500 | 572,600 | 380,500 |
| Short-term investments | US$ in thousands | — | — | 21,300 | — | — |
| Total current liabilities | US$ in thousands | 909,200 | 955,300 | 929,900 | 933,400 | 838,300 |
| Cash ratio | 0.39 | 0.36 | 0.24 | 0.61 | 0.45 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($356,400K
+ $—K)
÷ $909,200K
= 0.39
The cash ratio of Vontier Corp has displayed fluctuations over the past five years. Starting at 0.45 in December 31, 2020, the ratio increased to 0.61 by December 31, 2021, indicating an improvement in the company's ability to cover its short-term obligations with cash alone. However, the ratio decreased to 0.24 by December 31, 2022, reflecting a significant decline in the company's liquidity position.
The ratio then slightly recovered to 0.36 by December 31, 2023, showing a partial improvement in liquidity. Subsequently, by December 31, 2024, the cash ratio increased to 0.39, indicating a further enhancement in the company's short-term liquidity position.
Overall, the trend in Vontier Corp's cash ratio suggests fluctuations in its ability to meet short-term obligations solely through cash holdings, highlighting the importance of closely monitoring and managing the company's liquidity position.
Peer comparison
Dec 31, 2024