Vishay Intertechnology Inc (VSH)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 972,719 | 610,825 | 774,108 | 619,874 | 694,133 |
| Short-term investments | US$ in thousands | 35,808 | 305,272 | 146,743 | 158,476 | 108,822 |
| Total current liabilities | US$ in thousands | 691,875 | 726,258 | 693,667 | 562,423 | 520,428 |
| Cash ratio | 1.46 | 1.26 | 1.33 | 1.38 | 1.54 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($972,719K
+ $35,808K)
÷ $691,875K
= 1.46
The cash ratio of Vishay Intertechnology, Inc. has shown a fluctuating trend over the past five years. The ratio stood at 1.77 in 2023, which indicates that the company had $1.77 in cash and cash equivalents for every $1 of current liabilities. This represents a significant increase compared to the previous year, as the ratio was 1.50 in 2022.
In 2021, the cash ratio was 1.55, slightly lower than the previous year. The ratio decreased further to 1.62 in 2020 before reaching its highest point of 1.81 in 2019.
Overall, the company has generally maintained a strong cash position relative to its current liabilities, with the ratio consistently above 1. This suggests that Vishay Intertechnology, Inc. has been able to meet its short-term obligations using its available cash reserves over the years. However, the downward trend in the ratio in recent years may indicate a shift in the company's liquidity position, warranting further investigation into its cash management practices and overall financial health.
Peer comparison
Dec 31, 2023