Zebra Technologies Corporation (ZBRA)
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 | 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 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 584,000 | 581,000 | 683,000 | — | 794,000 | — | — | — | 760,000 | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.52 | 0.48 | 0.49 | 0.05 | 0.43 | 0.05 | 0.05 | 0.08 | 0.66 | 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
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 been fluctuating over the past eight quarters, ranging from a low of 0.44 to a high of 0.61. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current liquid assets.
Looking at the trend of the quick ratio over the quarters, we can see that there was a decreasing trend from Q1 2022 to Q4 2022, with the ratio dropping from 0.61 to 0.44. However, in the following quarters, there was some fluctuation in the quick ratio but it remained in the range of 0.47 to 0.54.
Overall, the quick ratio of Zebra Technologies Corp. has shown some variability over the quarters, indicating fluctuations in the company's liquidity position. It would be important to continue monitoring this ratio to ensure that the company remains capable of meeting its short-term obligations.
Peer comparison
Dec 31, 2023