Zebra Technologies Corporation (ZBRA)
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 | 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 | 33,000 | 27,000 | 61,000 |
| Short-term investments | US$ in thousands | 113,000 | 113,000 | 113,000 | 24,000 | 113,000 | 18,000 | 8,000 | — | 101,000 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 1,306,000 | 1,200,000 | 1,146,000 |
| Cash ratio | 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 | 0.03 | 0.02 | 0.05 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($137,000K
+ $113,000K)
÷ $1,598,000K
= 0.16
The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. For Zebra Technologies Corp., the trend in its cash ratio over the past eight quarters shows fluctuations.
In Q4 2023, the cash ratio stood at 0.18, which indicates that the company had $0.18 in cash and cash equivalents for every $1 of current liabilities. This was higher compared to the previous quarter's ratio of 0.14 and also an improvement from the ratios of Q2 and Q1 2023, which were 0.12 and 0.11, respectively.
Looking back further, the cash ratio has generally been on an upward trend since Q1 2022 when it was at 0.15. During Q4 2022, the ratio stood at 0.10, which was the lowest point in the provided data.
Overall, the increasing trend in Zebra Technologies Corp.'s cash ratio signifies an improved liquidity position and the company's ability to meet its short-term obligations with its cash and cash equivalents. However, it's important to note that a higher cash ratio also implies that there may be opportunities for the company to invest excess cash more effectively to generate returns.
Peer comparison
Dec 31, 2023