Regardless of the sequential decrease in Current Liabilities, during the fourth quarter 2023, Quick Ratio deteriorated to 0.32 a new company low.

Within Consumer Electronics industry 33 other companies have achieved higher Quick Ratio than Ericsson Lm Telephone Co in fourth quarter 2023. While Quick Ratio total ranking in the fourth quarter 2023 has deteriorated compared to the prior quarter from 2889 to 2928.

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ERIC Quick Ratio	(Dec 31 2023) Q4	0 Q3	0 Q2	0 Q1	(Dec 31 2022) Q4
Y / Y Current Liabilities Change	-11.14 %	-11.14 %	-11.14 %	-11.14 %	14.7 %
Y / Y Cash & cash equivalent Change	-10.23 %	-10.23 %	-10.23 %	-10.23 %	-23.34 %
Quick Ratio MRQ	0.32	0.32	0.32	0.32	0.32
ERIC's Total Ranking	# 2928	# 2889	# 2890	# 2928	# 2395
Seq. Current Liabilities Change	0 %	0 %	0 %	-11.14 %	0 %
Seq. Cash & cash equivalent Change	0 %	0 %	0 %	-10.23 %	0 %

New: More ERIC's historic Quick Ratios >>

Quick Ratio fourth quarter 2023 Company Ranking
Within:	No.
Consumer Electronics Industry	# 34
Technology Sector	# 531
Overall Market	# 2928

Quick Ratio Statistics
High	Average	Low
0.48	0.37	0.32
(Dec 31 2021)		(Dec 31 2022)

Financial Statements
Ericsson Lm Telephone Co's Current Liabilities	$ 13,910 Millions	Visit ERIC's Balance sheet
Ericsson Lm Telephone Co's Cash & cash equivalent	$ 4,470 Millions	Visit ERIC's Balance sheet
Source of ERIC's Sales		Visit ERIC's Sales by Geography

Cumulative Ericsson Lm Telephone Co's Quick Ratio

ERIC's Quick Ratio for the trailling 12 Months

ERIC Quick Ratio	(Dec 31 2023) 12 Months	0 12 Months	0 12 Months	0 12 Months	(Dec 31 2022) 12 Months
Y / Y Current Liabilities TTM Growth	-11.14 %	-5.32 %	0.9 %	7.56 %	14.7 %
Y / Y Cash & cash equivalent TTM Growth	-10.23 %	-14.2 %	-17.65 %	-20.67 %	-23.34 %
Quick Ratio TTM	0.32	0.32	0.32	0.32	0.32
Total Ranking TTM	# 4025	# 3941	# 4027	# 4009	# 3001
Seq. Current Liabilities TTM Growth	-3.04 %	-2.95 %	-2.86 %	-2.78 %	3.31 %
Seq. Cash & cash equivalent TTM Growth	-2.77 %	-2.69 %	-2.62 %	-2.56 %	-7.07 %

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

On the trailing twelve months basis In spite of the year on year decrease in ERIC's Current Liabilities to $13,910.39 millions, cumulative Quick Ratio to 0.32 below the ERIC average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Consumer Electronics industry 52 other companies have achieved higher Quick Ratio than Ericsson Lm Telephone Co. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 3941 to 4025.

Explain Quick Ratio?
How much Cash & cash equivalents ERIC´s has?
What are ERIC´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Consumer Electronics Industry	# 53
Technology Sector	# 714
Within the Market	# 4025

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.48	0.37	0.32
(Dec 31 2021)		(Dec 31 2022)

Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Consumer Electronics Industry	Quick Ratio	Dec 31 2023 MRQ Cash & cash equivalent	Dec 31 2023 MRQ Current Liabilities
Gopro Inc	0.88	$ 246.575 Millions	$ 279.094 Millions
Gilat Satellite Networks Ltd	0.83	$ 104.697 Millions	$ 126.584 Millions
Airgain Inc	0.79	$ 7.881 Millions	$ 9.991 Millions
Vizio Holding Corp	0.71	$ 351.500 Millions	$ 492.000 Millions
Knowles Corporation	0.53	$ 87.300 Millions	$ 164.600 Millions
Motorola Solutions inc	0.46	$ 1,705.000 Millions	$ 3,699.000 Millions
Strong Global Entertainment Inc	0.42	$ 5.470 Millions	$ 12.871 Millions
Commscope Holding Company Inc	0.39	$ 543.800 Millions	$ 1,409.400 Millions
Ubiquiti Inc	0.34	$ 97.662 Millions	$ 287.787 Millions
Ericsson Lm Telephone Co	0.32	$ 4,470.388 Millions	$ 13,910.393 Millions
Adtran Holdings Inc	0.31	$ 87.167 Millions	$ 279.511 Millions
Harmonic Inc	0.31	$ 84.269 Millions	$ 272.394 Millions
Sonim Technologies Inc	0.29	$ 9.397 Millions	$ 32.147 Millions
Integrated Media Technology Ltd	0.28	$ 0.676 Millions	$ 2.388 Millions
Infinera Corp	0.26	$ 173.022 Millions	$ 673.992 Millions
Aviat Networks Inc	0.25	$ 45.914 Millions	$ 183.714 Millions
Satixfy Communications Ltd	0.23	$ 13.979 Millions	$ 59.792 Millions
Cambium Networks Corp	0.21	$ 18.710 Millions	$ 87.563 Millions
Ceragon Networks Ltd	0.21	$ 28.237 Millions	$ 132.953 Millions
Silynxcom Ltd	0.15	$ 0.568 Millions	$ 3.856 Millions
Dzs Inc	0.13	$ 20.761 Millions	$ 165.811 Millions
Comtech Telecommunications Corp	0.12	$ 39.956 Millions	$ 347.258 Millions

Date modified: 2024-03-13T04:18:13+00:00

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