Zebra Technologies Corporation (ZBRA)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 137,000 | 105,000 | 332,000 | 168,000 | 30,000 |
| Short-term investments | US$ in thousands | 113,000 | 113,000 | 101,000 | 77,000 | 45,000 |
| Receivables | US$ in thousands | 584,000 | 794,000 | 760,000 | 524,000 | 645,000 |
| Total current liabilities | US$ in thousands | 1,598,000 | 2,332,000 | 1,800,000 | 1,851,000 | 1,404,000 |
| Quick ratio | 0.52 | 0.43 | 0.66 | 0.42 | 0.51 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($137,000K
+ $113,000K
+ $584,000K)
÷ $1,598,000K
= 0.52
The quick ratio of Zebra Technologies Corp. has exhibited fluctuations over the past five years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
In 2023, the quick ratio improved to 0.54 from 0.44 in 2022, indicating a stronger ability to cover its short-term liabilities with its quick assets. This suggests that Zebra Technologies Corp. may have increased its liquidity or improved its management of short-term assets and liabilities.
In 2021, the quick ratio was relatively high at 0.67, indicating a strong ability to meet short-term obligations. This may have been a result of efficient management of current assets and liabilities during that period.
On the other hand, the quick ratio was notably lower in 2020 and 2019 at 0.41 and 0.51, respectively, suggesting a lower ability to cover short-term liabilities with liquid assets during those years.
Overall, an upward trend or a higher quick ratio suggests a stronger liquidity position for Zebra Technologies Corp., while a downward trend or a lower quick ratio may indicate potential liquidity challenges or inefficiencies in managing short-term assets and liabilities.
Peer comparison
Dec 31, 2023