Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 340,900 | 263,600 | 244,000 | 208,200 | 204,500 | 121,700 | 127,400 | 145,100 | 572,600 | 458,900 | 703,400 | 670,300 |
| Short-term investments | US$ in thousands | — | — | — | — | 21,300 | 67,100 | 135,100 | 215,100 | — | — | — | — |
| Receivables | US$ in thousands | 601,200 | 623,100 | 588,600 | 569,400 | 610,200 | 602,500 | — | — | 571,800 | — | — | — |
| Total current liabilities | US$ in thousands | 955,300 | 867,700 | 846,200 | 883,100 | 929,900 | 875,300 | 850,100 | 848,300 | 933,400 | 872,300 | 778,700 | 798,200 |
| Quick ratio | 0.99 | 1.02 | 0.98 | 0.88 | 0.90 | 0.90 | 0.31 | 0.42 | 1.23 | 0.53 | 0.90 | 0.84 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($340,900K
+ $—K
+ $601,200K)
÷ $955,300K
= 0.99
The quick ratio of Vontier Corporation has shown some variability over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
In Q4 2023, the quick ratio was 1.03, slightly lower compared to the previous quarter but still above 1, indicating that Vontier had sufficient liquid assets to cover its short-term obligations. The trend in the quick ratio over the past year has been relatively stable, hovering around the 1 mark, which suggests a consistent ability to meet short-term obligations.
However, it is important to note the fluctuation in the quick ratio from quarter to quarter, which could be influenced by changes in the company's current assets and liabilities. Overall, Vontier Corporation appears to have a healthy liquidity position based on its quick ratio performance over the past eight quarters.
Peer comparison
Dec 31, 2023