Zebra Technologies Corporation (ZBRA)
Quick 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 | 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 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 712,000 | 709,000 | 635,000 | 584,000 | 581,000 | 683,000 | — | 794,000 | — | — | — | 760,000 | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.01 | 0.89 | 0.49 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($901,000K
+ $110,000K
+ $712,000K)
÷ $1,704,000K
= 1.01
The quick ratio of Zebra Technologies Corporation has shown fluctuations over the periods analyzed. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of less than 1 indicates potential liquidity issues.
From December 31, 2019, to September 30, 2022, the quick ratio remained consistently low, fluctuating between 0.02 and 0.21. This indicates a limited ability to cover short-term liabilities with readily available assets during this time frame.
However, starting from December 31, 2022, the quick ratio began to improve significantly, reaching 1.01 as of December 31, 2024. This notable increase suggests that Zebra Technologies Corporation became more liquid and better positioned to meet its short-term obligations with its quick assets by the end of the period.
Overall, the trend in the quick ratio of Zebra Technologies Corporation demonstrates an improvement in liquidity and the company's ability to cover short-term obligations with its liquid assets in the later periods analyzed.
Peer comparison
Dec 31, 2024