Bel Fuse Inc's Cash & cash equivalent grew by 58 % in the Q3 2024 sequentially, faster than Current Liabilities, this led to improvement in Bel Fuse Inc's Quick Ratio to 1.48, above Bel Fuse Inc average Quick Ratio.

Within Electric & Wiring Equipment industry Bel Fuse Inc booked the highest Quick Ratio than Bel Fuse Inc in the third quarter 2024. While Quick Ratio total ranking has improved so far during the Q3 2024 to 272, from total ranking in the second quarter 2024 at 820.

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BELFB Quick Ratio	(Sep 30 2024) Q3	(Jun 30 2024) Q2	(Mar 31 2024) Q1	(Dec 31 2023) Q4	(Sep 30 2023) Q3
Y / Y Current Liabilities Change	-18.89 %	-30.6 %	-35.19 %	-20.07 %	-15.01 %
Y / Y Cash & cash equivalent Change	33.96 %	30.63 %	-8.38 %	27.19 %	41.37 %
Quick Ratio MRQ	1.48	1.01	0.88	0.86	0.9
BELFB's Total Ranking	# 272	# 820	# 361	# 621	# 1775
Seq. Current Liabilities Change	7.97 %	3.7 %	-22.53 %	-6.49 %	-7.62 %
Seq. Cash & cash equivalent Change	58 %	19.15 %	-20.2 %	-10.83 %	54.07 %

New: More BELFB's historic Quick Ratios >>

Quick Ratio third quarter 2024 Company Ranking
Within:	No.
Electric & Wiring Equipment Industry	# 0
Consumer Discretionary Sector	# 4
Overall Market	# 272

Quick Ratio Statistics
High	Average	Low
2.52	0.89	0.5
(Dec 31 2011)		(Mar 31 2022)

Financial Statements
Bel Fuse Inc's Current Liabilities	$ 90 Millions	Visit BELFB's Balance sheet
Bel Fuse Inc's Cash & cash equivalent	$ 134 Millions	Visit BELFB's Balance sheet
Source of BELFB's Sales		Visit BELFB's Sales by Geography

Cumulative Bel Fuse Inc's Quick Ratio

BELFB's Quick Ratio for the trailling 12 Months

BELFB Quick Ratio	(Sep 30 2024) 12 Months	(Jun 30 2024) 12 Months	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months
Y / Y Current Liabilities TTM Growth	-18.89 %	-30.6 %	-35.19 %	-20.07 %	-15.01 %
Y / Y Cash & cash equivalent TTM Growth	33.96 %	30.63 %	-8.38 %	27.19 %	41.37 %
Quick Ratio TTM	1.06	0.91	0.78	0.72	0.64
Total Ranking TTM	# 899	# 1787	# 998	# 1032	# 2349
Seq. Current Liabilities TTM Growth	7.97 %	3.7 %	-22.53 %	-6.49 %	-7.62 %
Seq. Cash & cash equivalent TTM Growth	58 %	19.15 %	-20.2 %	-10.83 %	54.07 %

Quick ratio ranking by company, industry and sector >> Back to BELFB Financial Strength Comparisons >> Go to Compare BELFB Quick Ratio to its Competitors

On the trailing twelve months basis BELFB Cash & cash equivalent grew by 33.96 % in Q3 2024 year on year, while Current Liabilities rose to $90 millions, this led to increase in in Bel Fuse Inc's Quick Ratio to 1.06, above BELFB average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Electric & Wiring Equipment industry 3 other companies have achieved higher Quick Ratio than Bel Fuse Inc. While Quick Ratio overall ranking has improved so far to 899, from total ranking during the twelve months ending second quarter 2024 at 1787.

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TTM Quick Ratio Company Ranking
Within:	No.
Within the Electric & Wiring Equipment Industry	# 4
Consumer Discretionary Sector	# 53
Within the Market	# 899

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.99	0.7	0.5
(Sep 30 2024)		(Dec 31 2022)

Companies with similar Quick Ratio in the quarter ending Sep 30 2024, within Electric & Wiring Equipment Industry	Quick Ratio	Sep 30 2024 MRQ Cash & cash equivalent	Sep 30 2024 MRQ Current Liabilities
Bel Fuse Inc	1.48	$ 134.266 Millions	$ 90.436 Millions
Acuity Brands Inc	1.23	$ 845.800 Millions	$ 687.900 Millions
Energy Focus Inc	0.43	$ 1.250 Millions	$ 2.940 Millions
Skyx Platforms Corp	0.33	$ 10.172 Millions	$ 30.759 Millions

Date modified: 2024-10-29T21:52:46+00:00

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