Vishay Intertechnology Inc (VSH)
Cash 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 and cash equivalents | US$ in thousands | 972,719 | 1,095,120 | 1,089,420 | 847,534 | 610,825 | 734,992 | 765,593 | 789,248 | 774,108 | 831,760 | 726,759 | 643,847 | 619,874 | 682,422 | 599,930 | 680,703 | 694,133 | 731,483 | 790,906 | 749,426 |
| Short-term investments | US$ in thousands | 35,808 | 78,994 | 14,366 | 186,892 | 305,272 | 182,646 | 81,112 | 96,561 | 146,743 | 84,177 | 129,035 | 137,348 | 158,476 | 29,538 | 157,246 | 140,725 | 108,822 | 56,043 | 163 | 8,411 |
| Total current liabilities | US$ in thousands | 691,875 | 716,949 | 758,374 | 749,254 | 726,258 | 716,964 | 704,102 | 676,383 | 693,667 | 645,734 | 639,114 | 588,046 | 562,423 | 503,274 | 503,376 | 490,273 | 520,428 | 481,102 | 511,596 | 574,229 |
| Cash ratio | 1.46 | 1.64 | 1.46 | 1.38 | 1.26 | 1.28 | 1.20 | 1.31 | 1.33 | 1.42 | 1.34 | 1.33 | 1.38 | 1.41 | 1.50 | 1.68 | 1.54 | 1.64 | 1.55 | 1.32 |
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 eight quarters. The ratio ranged from a low of 1.43 in Q2 2022 to a high of 1.89 in Q3 2023, indicating variability in the company's ability to cover its current liabilities with its cash and cash equivalents. Overall, the company's cash ratio has generally been above 1, suggesting that Vishay Intertechnology has had sufficient liquid assets to meet its short-term obligations throughout the period under review. However, it is advisable to monitor this ratio closely to ensure the company maintains a healthy liquidity position.
Peer comparison
Dec 31, 2023