Liquidity ratios measure the company ability to meet its short-term obligations.
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- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
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- Analysis of Debt
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Liquidity Ratios (Summary)
Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
---|---|---|---|---|---|---|---|
Current ratio | |||||||
Quick ratio | |||||||
Cash ratio |
Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30).
- Current Ratio
- The current ratio exhibits a declining trend from 2.78 in mid-2020 to 2.15 by mid-2024, indicating a gradual decrease in the company’s short-term liquidity over this period. However, there is a notable recovery in the ratio at mid-2025, rising to 2.62, which suggests an improvement in the ability to cover current liabilities with current assets at that time.
- Quick Ratio
- Similar to the current ratio, the quick ratio shows a downward trend from 1.82 in 2020 to 1.36 at mid-2024. This decline points to a reduction in the company’s liquid assets relative to current liabilities, excluding inventory. The ratio slightly improves to 1.65 in 2025, indicating enhanced liquidity in more readily liquid assets by the most recent period.
- Cash Ratio
- The cash ratio, which measures the most liquid assets relative to current liabilities, decreases from 1.17 in 2020 to a low of 0.87 in 2023, reflecting a tightening position in available cash and cash equivalents. After 2023, the ratio recovers, increasing to 1.1 by 2025, signaling the company’s strengthening cash reserves relative to its short-term obligations.
Current Ratio
Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
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Selected Financial Data (US$ in thousands) | |||||||
Current assets | |||||||
Current liabilities | |||||||
Liquidity Ratio | |||||||
Current ratio1 | |||||||
Benchmarks | |||||||
Current Ratio, Competitors2 | |||||||
Advanced Micro Devices Inc. | |||||||
Analog Devices Inc. | |||||||
Applied Materials Inc. | |||||||
Broadcom Inc. | |||||||
Intel Corp. | |||||||
Lam Research Corp. | |||||||
Micron Technology Inc. | |||||||
NVIDIA Corp. | |||||||
Qualcomm Inc. | |||||||
Texas Instruments Inc. | |||||||
Current Ratio, Sector | |||||||
Semiconductors & Semiconductor Equipment | |||||||
Current Ratio, Industry | |||||||
Information Technology |
Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30).
1 2025 Calculation
Current ratio = Current assets ÷ Current liabilities
= ÷ =
2 Click competitor name to see calculations.
- Current Assets
- Current assets have shown a consistent upward trend over the periods analyzed, increasing from approximately $4.72 billion in mid-2020 to about $10.7 billion by mid-2025. This indicates a significant improvement in the liquidity buffer available to cover short-term obligations, reflecting possible growth in cash, receivables, or inventory levels.
- Current Liabilities
- Current liabilities have also generally increased, rising from around $1.7 billion in mid-2020 to a peak of approximately $4.66 billion in mid-2024 before decreasing slightly to about $4.09 billion by mid-2025. This trend suggests an expansion in short-term obligations such as accounts payable, accrued expenses, or short-term debt, though the recent decrease may indicate improved liability management or repayment activities.
- Current Ratio
- The current ratio has exhibited a declining trend from 2.78 in mid-2020 to a low of 2.15 in mid-2024, reflecting a gradual decrease in short-term liquidity coverage relative to liabilities. However, by mid-2025, the ratio recovers to 2.62, indicating an improvement in the company's ability to meet short-term liabilities with current assets. Despite the decline through 2024, the ratio remains above 2.0 throughout the period, suggesting that liquidity levels stayed relatively strong.
- Overall Analysis
- The data reflects consistent growth in both current assets and liabilities, with assets growing at a faster pace up to mid-2024, allowing a generally solid current ratio above 2.0. The dip in the ratio up to 2024 points to a tightening liquidity position, possibly due to increased liabilities outpacing asset growth temporarily. The rebound in the latest period suggests a positive corrective action or improved asset management. The entity maintains a strong liquidity position throughout the time frame reviewed.
Quick Ratio
Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Cash and cash equivalents | |||||||
Marketable securities | |||||||
Accounts receivable, net | |||||||
Total quick assets | |||||||
Current liabilities | |||||||
Liquidity Ratio | |||||||
Quick ratio1 | |||||||
Benchmarks | |||||||
Quick Ratio, Competitors2 | |||||||
Advanced Micro Devices Inc. | |||||||
Analog Devices Inc. | |||||||
Applied Materials Inc. | |||||||
Broadcom Inc. | |||||||
Intel Corp. | |||||||
Lam Research Corp. | |||||||
Micron Technology Inc. | |||||||
NVIDIA Corp. | |||||||
Qualcomm Inc. | |||||||
Texas Instruments Inc. | |||||||
Quick Ratio, Sector | |||||||
Semiconductors & Semiconductor Equipment | |||||||
Quick Ratio, Industry | |||||||
Information Technology |
Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30).
1 2025 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= ÷ =
2 Click competitor name to see calculations.
- Total Quick Assets
- The total quick assets have shown a consistent upward trend from June 30, 2020, through June 30, 2025. Starting at approximately 3.09 billion USD in 2020, the figure increased steadily each year, culminating in approximately 6.76 billion USD by 2025. This indicates a significant enhancement in highly liquid assets available to the company over the period analyzed.
- Current Liabilities
- Current liabilities increased steadily from about 1.70 billion USD in 2020 to a peak of approximately 4.66 billion USD in 2024. However, there is a noticeable decline in 2025, with liabilities reducing to about 4.09 billion USD. This pattern suggests that while the company faced rising short-term obligations through most of the period, it experienced some relief or reduction in liabilities in the final year observed.
- Quick Ratio
- The quick ratio, a measure of liquidity, starts at 1.82 in 2020 and remains relatively stable at 1.81 in 2021. It then declines gradually to a low of 1.33 in 2023, signifying a reduction in liquid asset coverage relative to current liabilities. In the subsequent years, the quick ratio recovers somewhat to 1.36 in 2024 and improves further to 1.65 in 2025. This recovery aligns with the observed decrease in current liabilities and continued growth in quick assets.
- Overall Analysis
- The data indicates a general strengthening of the company’s liquidity position over the five-year period, driven by significant growth in quick assets. Despite an increasing trend in current liabilities until 2024, the improvement in the quick ratio in the last two years suggests improved capability to meet short-term obligations. The decline in current liabilities in 2025 coupled with the recovery of the quick ratio points to an enhanced short-term financial health entering that year.
Cash Ratio
Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Cash and cash equivalents | |||||||
Marketable securities | |||||||
Total cash assets | |||||||
Current liabilities | |||||||
Liquidity Ratio | |||||||
Cash ratio1 | |||||||
Benchmarks | |||||||
Cash Ratio, Competitors2 | |||||||
Advanced Micro Devices Inc. | |||||||
Analog Devices Inc. | |||||||
Applied Materials Inc. | |||||||
Broadcom Inc. | |||||||
Intel Corp. | |||||||
Lam Research Corp. | |||||||
Micron Technology Inc. | |||||||
NVIDIA Corp. | |||||||
Qualcomm Inc. | |||||||
Texas Instruments Inc. | |||||||
Cash Ratio, Sector | |||||||
Semiconductors & Semiconductor Equipment | |||||||
Cash Ratio, Industry | |||||||
Information Technology |
Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30).
1 2025 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= ÷ =
2 Click competitor name to see calculations.
- Total Cash Assets
- The total cash assets demonstrated a consistent upward trend from June 30, 2020, to June 30, 2025. Starting at approximately $1.98 billion, the cash assets increased steadily each year, reaching a peak of around $4.5 billion by June 30, 2024. Although there was a slight decline in the last recorded period ending June 30, 2025, the cash holdings remained substantially higher than the initial value five years prior.
- Current Liabilities
- Current liabilities exhibited a pronounced increase over the same period. The liabilities rose from roughly $1.7 billion in June 2020 to a peak of about $4.66 billion by June 2024. However, there was a notable decrease in the last year reported, dropping to approximately $4.09 billion as of June 2025. This suggests some improvement in short-term obligations after several consecutive years of growth.
- Cash Ratio
- The cash ratio, which measures the company's ability to cover current liabilities with cash or cash equivalents, showed variability over the examined timeframe. Initially above 1.17 in 2020 and 1.19 in 2021, the ratio declined below 1.0 in 2022 and 2023, signaling a reduced margin of cash coverage relative to liabilities. The ratio then recovered moderately, reaching 0.97 in 2024 and improving further to 1.10 in 2025. This trajectory indicates a recent strengthening of liquidity after a period of comparatively weaker cash coverage against current liabilities.