Vishay Intertechnology Inc (VSH)
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 | 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 | 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 |
| Receivables | US$ in thousands | 426,674 | 442,646 | 453,250 | — | 416,178 | — | — | — | 396,458 | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 2.07 | 2.26 | 2.05 | 1.38 | 1.83 | 1.28 | 1.20 | 1.31 | 1.90 | 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
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 some fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio has generally been above 2 over the period, indicating that Vishay Intertechnology has a strong ability to cover its short-term liabilities with its liquid assets. This suggests that the company has a comfortable cushion to meet its immediate financial obligations without relying on selling inventory.
Although there have been some fluctuations in the quick ratio, ranging from 2.07 to 2.51, the values have remained relatively stable and above the desired benchmark of 1. This implies that the company is managing its liquidity effectively and remains financially stable in the short term.
Peer comparison
Dec 31, 2023