Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Amphenol Corp., liquidity ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Current ratio | 2.17 | 2.42 | 2.43 | 2.38 | 1.97 | |
| Quick ratio | 1.36 | 1.52 | 1.51 | 1.60 | 1.24 | |
| Cash ratio | 0.53 | 0.54 | 0.51 | 0.75 | 0.43 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Amphenol Corp. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Amphenol Corp. quick ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Amphenol Corp. cash ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Current Ratio
Amphenol Corp., current ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current assets | 6,835,300) | 6,479,100) | 5,958,200) | 5,490,800) | 4,211,200) | |
| Current liabilities | 3,152,700) | 2,676,100) | 2,447,100) | 2,304,300) | 2,132,700) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 2.17 | 2.42 | 2.43 | 2.38 | 1.97 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Apple Inc. | 0.99 | 0.88 | 1.07 | 1.36 | 1.54 | |
| Arista Networks Inc. | 4.39 | 4.29 | 4.34 | 4.99 | 5.81 | |
| Cisco Systems Inc. | 1.38 | 1.43 | 1.49 | 1.72 | 1.51 | |
| Dell Technologies Inc. | 0.82 | 0.80 | 0.80 | 0.70 | 0.80 | |
| Super Micro Computer Inc. | 2.31 | 1.91 | 1.93 | 2.25 | 2.35 | |
| Current Ratio, Sector | ||||||
| Technology Hardware & Equipment | 1.04 | 0.95 | 1.08 | 1.24 | — | |
| Current Ratio, Industry | ||||||
| Information Technology | 1.41 | 1.37 | 1.55 | 1.71 | — | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 6,835,300 ÷ 3,152,700 = 2.17
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Amphenol Corp. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Quick Ratio
Amphenol Corp., quick ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 1,475,000) | 1,373,100) | 1,197,100) | 1,702,000) | 891,200) | |
| Short-term investments | 185,200) | 61,100) | 44,300) | 36,100) | 17,400) | |
| Accounts receivable, less allowance for doubtful accounts | 2,618,400) | 2,631,300) | 2,454,800) | 1,951,600) | 1,736,400) | |
| Total quick assets | 4,278,600) | 4,065,500) | 3,696,200) | 3,689,700) | 2,645,000) | |
| Current liabilities | 3,152,700) | 2,676,100) | 2,447,100) | 2,304,300) | 2,132,700) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 1.36 | 1.52 | 1.51 | 1.60 | 1.24 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Apple Inc. | 0.84 | 0.71 | 0.91 | 1.22 | 1.38 | |
| Arista Networks Inc. | 3.16 | 3.05 | 3.54 | 4.25 | 5.22 | |
| Cisco Systems Inc. | 1.13 | 1.16 | 1.32 | 1.58 | 1.39 | |
| Dell Technologies Inc. | 0.52 | 0.49 | 0.59 | 0.51 | 0.59 | |
| Super Micro Computer Inc. | 1.16 | 0.75 | 0.72 | 0.87 | 1.06 | |
| Quick Ratio, Sector | ||||||
| Technology Hardware & Equipment | 0.83 | 0.72 | 0.89 | 1.08 | — | |
| Quick Ratio, Industry | ||||||
| Information Technology | 1.12 | 1.09 | 1.30 | 1.47 | — | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 4,278,600 ÷ 3,152,700 = 1.36
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Amphenol Corp. quick ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Cash Ratio
Amphenol Corp., cash ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cash and cash equivalents | 1,475,000) | 1,373,100) | 1,197,100) | 1,702,000) | 891,200) | |
| Short-term investments | 185,200) | 61,100) | 44,300) | 36,100) | 17,400) | |
| Total cash assets | 1,660,200) | 1,434,200) | 1,241,400) | 1,738,100) | 908,600) | |
| Current liabilities | 3,152,700) | 2,676,100) | 2,447,100) | 2,304,300) | 2,132,700) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.53 | 0.54 | 0.51 | 0.75 | 0.43 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Apple Inc. | 0.42 | 0.31 | 0.50 | 0.86 | 0.95 | |
| Arista Networks Inc. | 2.62 | 2.34 | 3.07 | 3.74 | 4.56 | |
| Cisco Systems Inc. | 0.84 | 0.75 | 0.93 | 1.16 | 1.05 | |
| Dell Technologies Inc. | 0.17 | 0.17 | 0.26 | 0.18 | 0.22 | |
| Super Micro Computer Inc. | 0.32 | 0.18 | 0.24 | 0.30 | 0.41 | |
| Cash Ratio, Sector | ||||||
| Technology Hardware & Equipment | 0.44 | 0.34 | 0.50 | 0.72 | — | |
| Cash Ratio, Industry | ||||||
| Information Technology | 0.70 | 0.66 | 0.89 | 1.07 | — | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,660,200 ÷ 3,152,700 = 0.53
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Amphenol Corp. cash ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |