Zebra Technologies Corporation (ZBRA)

Cash ratio

Dec 31, 2024 Sep 30, 2024 Mar 31, 2024 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
Cash and cash equivalents US$ in thousands 901,000 676,000 127,000 137,000 61,000 68,000 85,000 105,000 81,000 98,000 141,000 332,000 307,000 318,000 177,000 168,000 39,000 63,000 24,000 30,000
Short-term investments US$ in thousands 110,000 — 36,000 113,000 113,000 113,000 24,000 113,000 18,000 8,000 2,000 101,000 — — — — — — — —
Total current liabilities US$ in thousands 1,704,000 1,562,000 1,643,000 1,598,000 1,562,000 1,770,000 2,074,000 2,332,000 2,073,000 2,113,000 1,799,000 1,800,000 1,581,000 1,550,000 1,546,000 1,851,000 1,765,000 1,389,000 1,237,000 1,404,000
Cash ratio 0.59 0.43 0.10 0.16 0.11 0.10 0.05 0.09 0.05 0.05 0.08 0.24 0.19 0.21 0.11 0.09 0.02 0.05 0.02 0.02

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($901,000K + $110,000K) ÷ $1,704,000K
= 0.59

The cash ratio of Zebra Technologies Corporation has fluctuated over the years based on the provided data. From December 31, 2019, to December 31, 2021, the cash ratio hovered between 0.02 and 0.24, indicating a relatively low liquidity position. However, in the subsequent period from March 31, 2022, to September 30, 2024, there was an improvement in the cash ratio, reaching a high of 0.59 on December 31, 2024. This significant increase suggests a better ability to cover short-term liabilities with cash and cash equivalents. Overall, the cash ratio trend reflects variations in Zebra Technologies' ability to meet immediate financial obligations with its available cash resources during the analysis period.