Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Broadcom Inc., liquidity ratios

Microsoft Excel
Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019 Nov 4, 2018
Current ratio 2.82 2.62 2.64 1.87 1.44 3.90
Quick ratio 2.34 2.18 2.27 1.56 1.21 3.26
Cash ratio 1.92 1.76 1.94 1.20 0.73 1.84

Based on: 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Broadcom Inc. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Broadcom Inc. quick ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Broadcom Inc. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Current Ratio

Broadcom Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019 Nov 4, 2018
Selected Financial Data (US$ in millions)
Current assets 20,847 18,504 16,586 11,895 9,917 9,107
Current liabilities 7,405 7,052 6,281 6,371 6,899 2,338
Liquidity Ratio
Current ratio1 2.82 2.62 2.64 1.87 1.44 3.90
Benchmarks
Current Ratio, Competitors2
Advanced Micro Devices Inc. 2.51 2.36 2.02 2.54 1.95
Analog Devices Inc. 1.37 2.02 1.94 1.84 1.32 1.50
Applied Materials Inc. 2.60 2.16 2.54 3.00 2.30 2.64
Intel Corp. 1.54 1.57 2.10 1.91 1.40
KLA Corp. 2.24 2.50 2.71 2.78 2.44 3.73
Lam Research Corp. 3.16 2.69 3.30 3.43 3.61 2.90
Micron Technology Inc. 4.46 2.89 3.10 2.71 2.58 2.79
NVIDIA Corp. 3.52 6.65 4.09 7.67 7.94
ON Semiconductor Corp. 2.71 2.78 2.45 1.90 1.66
Qualcomm Inc. 2.33 1.75 1.68 2.14 1.88 1.55
Texas Instruments Inc. 4.55 4.70 5.33 4.28 4.13
Current Ratio, Sector
Semiconductors & Semiconductor Equipment 2.45 2.35 2.47 2.45 2.03
Current Ratio, Industry
Information Technology 1.46 1.44 1.64 1.85 1.77

Based on: 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 20,847 ÷ 7,405 = 2.82

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. Broadcom Inc. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Quick Ratio

Broadcom Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019 Nov 4, 2018
Selected Financial Data (US$ in millions)
Cash and cash equivalents 14,189 12,416 12,163 7,618 5,055 4,292
Trade accounts receivable, net 3,154 2,958 2,071 2,297 3,259 3,325
Total quick assets 17,343 15,374 14,234 9,915 8,314 7,617
 
Current liabilities 7,405 7,052 6,281 6,371 6,899 2,338
Liquidity Ratio
Quick ratio1 2.34 2.18 2.27 1.56 1.21 3.26
Benchmarks
Quick Ratio, Competitors2
Advanced Micro Devices Inc. 1.67 1.57 1.49 1.81 1.43
Analog Devices Inc. 0.76 1.34 1.24 1.31 0.85 1.04
Applied Materials Inc. 1.63 1.17 1.64 1.95 1.38 1.62
Intel Corp. 1.01 1.01 1.38 1.24 0.93
KLA Corp. 1.33 1.57 1.81 1.82 1.54 2.90
Lam Research Corp. 1.96 1.75 2.48 2.78 2.90 2.26
Micron Technology Inc. 2.53 1.92 2.17 1.82 1.74 2.13
NVIDIA Corp. 2.61 5.96 3.56 7.04 6.66
ON Semiconductor Corp. 1.57 1.82 1.40 1.05 0.88
Qualcomm Inc. 1.51 1.01 1.34 1.75 1.65 1.33
Texas Instruments Inc. 3.12 3.67 4.45 3.34 3.04
Quick Ratio, Sector
Semiconductors & Semiconductor Equipment 1.63 1.63 1.80 1.79 1.48
Quick Ratio, Industry
Information Technology 1.17 1.15 1.38 1.60 1.55

Based on: 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 17,343 ÷ 7,405 = 2.34

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. Broadcom Inc. quick ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Cash Ratio

Broadcom Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019 Nov 4, 2018
Selected Financial Data (US$ in millions)
Cash and cash equivalents 14,189 12,416 12,163 7,618 5,055 4,292
Total cash assets 14,189 12,416 12,163 7,618 5,055 4,292
 
Current liabilities 7,405 7,052 6,281 6,371 6,899 2,338
Liquidity Ratio
Cash ratio1 1.92 1.76 1.94 1.20 0.73 1.84
Benchmarks
Cash Ratio, Competitors2
Advanced Micro Devices Inc. 0.86 0.92 0.85 0.95 0.64
Analog Devices Inc. 0.30 0.60 0.71 0.77 0.43 0.58
Applied Materials Inc. 0.93 0.35 0.86 1.29 0.81 0.99
Intel Corp. 0.89 0.88 1.03 0.97 0.59
KLA Corp. 0.87 0.94 1.19 1.17 0.98 2.36
Lam Research Corp. 1.28 0.80 1.62 2.12 2.29 1.57
Micron Technology Inc. 2.01 1.24 1.34 1.23 1.24 1.18
NVIDIA Corp. 2.03 4.89 2.95 6.11 5.58
ON Semiconductor Corp. 1.14 1.42 0.88 0.65 0.49
Qualcomm Inc. 1.18 0.54 1.04 1.29 1.37 1.08
Texas Instruments Inc. 2.58 3.04 3.79 2.75 2.54
Cash Ratio, Sector
Semiconductors & Semiconductor Equipment 1.23 1.16 1.31 1.33 1.04
Cash Ratio, Industry
Information Technology 0.75 0.72 0.96 1.19 1.11

Based on: 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 14,189 ÷ 7,405 = 1.92

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. Broadcom Inc. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.