Vishay Intertechnology Inc (VSH)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,297,160 | 2,440,130 | 2,395,250 | 2,305,900 | 2,121,210 | 2,110,290 | 2,070,420 | 2,070,210 | 2,010,500 | 1,974,000 | 1,911,670 | 1,780,920 | 1,697,340 | 1,615,340 | 1,623,020 | 1,725,190 | 1,704,120 | 1,691,080 | 1,745,400 | 1,771,580 |
| 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 |
| Current ratio | 3.32 | 3.40 | 3.16 | 3.08 | 2.92 | 2.94 | 2.94 | 3.06 | 2.90 | 3.06 | 2.99 | 3.03 | 3.02 | 3.21 | 3.22 | 3.52 | 3.27 | 3.52 | 3.41 | 3.09 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,297,160K ÷ $691,875K
= 3.32
The current ratio of Vishay Intertechnology, Inc. has been steadily increasing over the past eight quarters, indicating a strong liquidity position. The ratio has consistently been above 2, which generally suggests that the company has more than enough current assets to cover its current liabilities.
The current ratio peaked at 3.40 in Q3 2023 and has remained above 3 for the past two quarters, indicating a significant improvement in the company's short-term financial health. This implies that Vishay Intertechnology has a healthy buffer to meet its short-term obligations without relying heavily on external sources of funding.
Overall, the trend in the current ratio for Vishay Intertechnology reflects a positive liquidity position and suggests that the company is effectively managing its working capital to sustain its operations and finance its short-term obligations.
Peer comparison
Dec 31, 2023