Vishay Intertechnology Inc (VSH)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 426,674 | 416,178 | 396,458 | 338,632 | 328,187 |
| Total current liabilities | US$ in thousands | 691,875 | 726,258 | 693,667 | 562,423 | 520,428 |
| Quick ratio | 2.07 | 1.83 | 1.90 | 1.99 | 2.17 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($972,719K
+ $35,808K
+ $426,674K)
÷ $691,875K
= 2.07
The quick ratio of Vishay Intertechnology, Inc. has exhibited a decreasing trend over the past five years. The quick ratio measures the company's ability to cover its short-term obligations with its most liquid assets, excluding inventory.
As of December 31, 2023, the quick ratio stands at 2.38, indicating that the company has $2.38 in liquid assets available to cover each dollar of its current liabilities. This suggests a relatively strong liquidity position, as a quick ratio above 1 signifies that the company can fulfill its short-term obligations without relying heavily on inventory sales.
However, it is noteworthy that the quick ratio has decreased from 2.44 in 2019 to 2.38 in 2023. While the current ratio still remains comfortably above the 1 threshold, this declining trend could indicate a potential decrease in the company's ability to quickly cover its short-term liabilities using readily available assets.
Further analysis and comparison with industry benchmarks and competitors' quick ratios may provide deeper insights into Vishay Intertechnology's liquidity position and its ability to navigate any upcoming financial challenges or opportunities.
Peer comparison
Dec 31, 2023