Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
KLA Corp., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-09-30), 10-K (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30).
The liquidity profile exhibits a cyclical pattern characterized by a gradual decline through late 2023, followed by a significant recovery and expansion of liquidity buffers through early 2026, before stabilizing toward the end of the analyzed period.
- Current Ratio
- A moderate decline is observed from a peak of 2.44 in September 2021 to a period low of 1.91 in December 2023. Following this trough, a consistent upward trend occurs, reaching a maximum of 3.03 in March 2026. The period concludes with a slight normalization to 2.76 by September 2026, indicating a strengthened capacity to cover short-term obligations compared to the initial baseline.
- Quick Ratio
- The quick ratio mirrors the trajectory of the current ratio, decreasing from 1.62 in September 2021 to a minimum of 1.13 in December 2023. A sustained recovery is evident starting in March 2024, with the ratio ascending to 1.94 in March 2026. The final value of 1.72 in September 2026 suggests that the company maintains a robust liquid asset position without excessive reliance on inventory.
- Cash Ratio
- Cash liquidity shows a similar contraction, falling from 1.04 in September 2021 to 0.73 in December 2023. A subsequent reversal begins in early 2024, with the ratio peaking at 1.32 in March 2026. By September 2026, the ratio returns to 1.04, effectively returning to the level seen at the start of the analysis period after a phase of significant cash accumulation.
The synchronization of the troughs in December 2023 across all three metrics suggests a period of heightened short-term liability or strategic asset deployment. The subsequent recovery across all ratios indicates a systematic strengthening of the balance sheet, with the peak liquidity occurring in the first quarter of 2026.
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Current Ratio
KLA Corp., current ratio calculation (quarterly data)
| Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Current assets | 12,573,415) | 12,381,790) | 11,350,979) | 11,263,805) | 10,901,160) | 10,698,789) | 9,945,019) | 9,772,604) | 10,228,439) | 10,031,144) | 9,528,082) | 8,748,721) | 8,430,791) | 8,372,032) | 8,018,750) | 8,132,582) | 7,643,939) | 7,168,911) | 6,582,717) | 6,701,475) | 6,144,672) | |||||||
| Current liabilities | 4,555,086) | 4,304,927) | 3,751,555) | 3,982,472) | 4,049,970) | 4,085,795) | 3,909,929) | 4,138,258) | 4,798,214) | 4,660,774) | 4,458,538) | 4,570,997) | 3,817,743) | 3,742,842) | 3,418,521) | 3,482,501) | 3,139,364) | 2,871,083) | 2,828,983) | 2,776,098) | 2,523,010) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Current ratio1 | 2.76 | 2.88 | 3.03 | 2.83 | 2.69 | 2.62 | 2.54 | 2.36 | 2.13 | 2.15 | 2.14 | 1.91 | 2.21 | 2.24 | 2.35 | 2.34 | 2.43 | 2.50 | 2.33 | 2.41 | 2.44 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | 2.61 | 2.72 | 2.85 | 2.31 | 2.49 | 2.80 | 2.62 | 2.50 | 2.82 | 2.64 | 2.51 | 2.19 | 2.18 | 2.38 | 2.36 | 2.16 | 2.44 | 2.40 | |||||||
| Analog Devices Inc. | — | — | 1.25 | 1.75 | 1.76 | 2.19 | 2.32 | 2.08 | 1.93 | 1.84 | 1.69 | 1.58 | 1.51 | 1.37 | 1.71 | 1.79 | 2.12 | 2.02 | 1.92 | 1.99 | 2.09 | |||||||
| Applied Materials Inc. | — | — | 2.42 | 2.51 | 2.71 | 2.61 | 2.50 | 2.46 | 2.68 | 2.51 | 2.86 | 2.80 | 2.71 | 2.60 | 2.30 | 2.26 | 2.31 | 2.16 | 2.26 | 2.29 | 2.51 | |||||||
| Broadcom Inc. | — | — | 2.50 | 2.24 | 1.90 | 1.71 | 1.50 | 1.08 | 1.00 | 1.17 | 1.04 | 1.25 | 1.33 | 2.82 | 2.50 | 2.38 | 2.52 | 2.62 | 2.32 | 2.14 | 2.44 | |||||||
| Intel Corp. | — | — | 2.21 | 1.60 | 2.31 | 2.02 | 1.60 | 1.24 | 1.31 | 1.33 | 1.31 | 1.59 | 1.57 | 1.54 | 1.53 | 1.60 | 1.76 | 1.57 | 1.77 | 1.86 | 2.13 | |||||||
| Lam Research Corp. | 2.48 | 2.63 | 2.54 | 2.26 | 2.21 | 2.21 | 2.45 | 2.54 | 2.53 | 2.97 | 2.82 | 3.06 | 3.06 | 3.16 | 3.09 | 3.01 | 2.69 | 2.69 | 2.83 | 3.13 | 3.27 | |||||||
| Marvell Technology Inc. | 3.28 | 2.01 | 2.01 | 1.88 | 1.30 | 1.54 | 1.60 | 1.79 | 1.80 | 1.69 | 1.58 | 1.03 | 1.05 | 1.37 | 1.31 | 1.35 | 1.67 | 1.80 | 1.81 | 1.76 | 1.63 | |||||||
| Micron Technology Inc. | — | 3.31 | 3.42 | 2.90 | 2.46 | 2.52 | 2.75 | 3.13 | 2.72 | 2.64 | 3.41 | 3.74 | 3.53 | 4.46 | 4.26 | 4.17 | 3.51 | 2.89 | 3.24 | 3.11 | 3.10 | |||||||
| NVIDIA Corp. | 3.44 | 3.91 | 4.47 | 4.21 | 3.39 | 4.44 | 4.10 | 4.27 | 3.53 | 4.17 | 3.59 | 2.79 | 3.43 | 3.52 | 3.39 | 3.62 | 5.32 | 6.65 | 7.14 | 5.80 | 4.53 | |||||||
| Qualcomm Inc. | — | — | 2.02 | 2.37 | 2.51 | 2.82 | 3.19 | 2.73 | 2.62 | 2.40 | 2.39 | 2.65 | 2.56 | 2.33 | 2.42 | 2.42 | 2.09 | 1.75 | 1.61 | 1.61 | 1.65 | |||||||
| Texas Instruments Inc. | — | — | 5.59 | 4.86 | 4.46 | 4.35 | 4.45 | 5.81 | 5.26 | 4.12 | 4.31 | 4.62 | 4.91 | 4.55 | 5.69 | 5.72 | 5.17 | 4.70 | 4.92 | 5.09 | 5.54 | |||||||
Based on: 10-Q (reporting date: 2026-09-30), 10-K (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30).
1 Q1 2027 Calculation
Current ratio = Current assets ÷ Current liabilities
= 12,573,415 ÷ 4,555,086 = 2.76
2 Click competitor name to see calculations.
The liquidity profile exhibits a general trajectory of strengthening over the analyzed period, characterized by a substantial increase in current assets and a fluctuating but managed level of current liabilities. Current assets grew steadily from 6.14 billion US dollars in September 2021 to 12.57 billion US dollars by September 2026, indicating a consistent accumulation of short-term resources.
- Current Ratio Trends
- The current ratio maintained a stable range between 2.21 and 2.50 from September 2021 through September 2023. A notable contraction occurred in December 2023, where the ratio reached its lowest point of 1.91. This dip was followed by a sustained upward trend, peaking at 3.03 in March 2026 before settling at 2.76 by September 2026.
- Asset and Liability Dynamics
- The expansion of the current ratio in the latter half of the period is attributed to a divergence between asset growth and liability management. While current assets continued to climb, current liabilities peaked at 4.57 billion US dollars in December 2023 and subsequently trended downward to 3.75 billion US dollars by March 2026. This reduction in short-term obligations, coupled with rising assets, significantly enhanced the liquidity cushion.
- Liquidity Stability Analysis
- The observed fluctuations suggest a period of heightened short-term obligations in late 2023, which temporarily compressed the liquidity margin. However, the recovery and subsequent rise above 2.50 indicate an improved capacity to meet short-term liabilities. The final values suggest a robust liquidity position, with current assets substantially exceeding current liabilities by a factor of approximately 2.76.
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Quick Ratio
KLA Corp., quick ratio calculation (quarterly data)
| Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Cash and cash equivalents | 1,531,950) | 1,649,842) | 1,787,010) | 2,452,124) | 1,946,211) | 2,078,908) | 1,858,022) | 1,838,278) | 1,977,202) | 1,977,129) | 1,848,167) | 1,665,054) | 1,711,570) | 1,927,865) | 1,568,513) | 1,571,477) | 1,819,280) | 1,584,908) | 1,415,172) | 1,657,057) | 1,509,564) | |||||||
| Marketable securities | 3,209,241) | 3,252,566) | 3,170,928) | 2,755,340) | 2,737,380) | 2,415,715) | 2,170,600) | 1,942,127) | 2,652,514) | 2,526,866) | 2,446,135) | 1,677,940) | 1,637,751) | 1,315,294) | 1,321,696) | 1,294,873) | 1,134,240) | 1,123,100) | 1,162,724) | 1,153,404) | 1,115,249) | |||||||
| Accounts receivable, net | 3,072,087) | 2,889,208) | 2,304,454) | 2,073,581) | 2,277,755) | 2,263,915) | 2,159,897) | 2,334,977) | 1,953,156) | 1,833,041) | 1,625,257) | 1,843,878) | 1,630,746) | 1,753,361) | 1,940,067) | 2,282,925) | 1,857,320) | 1,811,877) | 1,618,867) | 1,728,376) | 1,463,974) | |||||||
| Total quick assets | 7,813,278) | 7,791,616) | 7,262,392) | 7,281,045) | 6,961,346) | 6,758,538) | 6,188,519) | 6,115,382) | 6,582,872) | 6,337,036) | 5,919,559) | 5,186,872) | 4,980,067) | 4,996,520) | 4,830,276) | 5,149,275) | 4,810,840) | 4,519,885) | 4,196,763) | 4,538,837) | 4,088,787) | |||||||
| Current liabilities | 4,555,086) | 4,304,927) | 3,751,555) | 3,982,472) | 4,049,970) | 4,085,795) | 3,909,929) | 4,138,258) | 4,798,214) | 4,660,774) | 4,458,538) | 4,570,997) | 3,817,743) | 3,742,842) | 3,418,521) | 3,482,501) | 3,139,364) | 2,871,083) | 2,828,983) | 2,776,098) | 2,523,010) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Quick ratio1 | 1.72 | 1.81 | 1.94 | 1.83 | 1.72 | 1.65 | 1.58 | 1.48 | 1.37 | 1.36 | 1.33 | 1.13 | 1.30 | 1.33 | 1.41 | 1.48 | 1.53 | 1.57 | 1.48 | 1.63 | 1.62 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | 1.69 | 1.75 | 1.78 | 1.15 | 1.12 | 1.66 | 1.56 | 1.57 | 1.79 | 1.71 | 1.67 | 1.42 | 1.40 | 1.52 | 1.57 | 1.48 | 1.82 | 1.83 | |||||||
| Analog Devices Inc. | — | — | 0.83 | 1.23 | 1.25 | 1.57 | 1.69 | 1.40 | 1.32 | 1.24 | 1.14 | 1.02 | 0.86 | 0.76 | 0.98 | 1.06 | 1.36 | 1.34 | 1.34 | 1.44 | 1.54 | |||||||
| Applied Materials Inc. | — | — | 1.63 | 1.62 | 1.74 | 1.72 | 1.62 | 1.62 | 1.84 | 1.74 | 1.95 | 1.79 | 1.72 | 1.63 | 1.43 | 1.35 | 1.30 | 1.17 | 1.24 | 1.32 | 1.62 | |||||||
| Broadcom Inc. | — | — | 1.81 | 1.61 | 1.34 | 1.26 | 1.03 | 0.73 | 0.68 | 0.82 | 0.76 | 0.76 | 0.83 | 2.34 | 2.04 | 1.94 | 2.12 | 2.18 | 1.89 | 1.75 | 2.03 | |||||||
| Intel Corp. | — | — | 1.55 | 0.95 | 1.37 | 1.31 | 1.06 | 0.67 | 0.75 | 0.72 | 0.77 | 1.01 | 0.91 | 1.01 | 0.97 | 1.00 | 1.15 | 1.01 | 1.08 | 1.22 | 1.56 | |||||||
| Lam Research Corp. | 1.79 | 1.84 | 1.69 | 1.56 | 1.54 | 1.49 | 1.58 | 1.68 | 1.69 | 1.93 | 1.78 | 1.95 | 1.87 | 1.95 | 1.93 | 1.88 | 1.75 | 1.72 | 1.88 | 2.20 | 2.18 | |||||||
| Marvell Technology Inc. | 2.51 | 1.50 | 1.56 | 1.12 | 0.69 | 0.98 | 1.06 | 1.21 | 1.18 | 1.14 | 1.03 | 0.61 | 0.66 | 0.88 | 0.87 | 0.89 | 1.07 | 1.20 | 1.21 | 1.24 | 1.05 | |||||||
| Micron Technology Inc. | — | 2.90 | 2.93 | 2.23 | 1.70 | 1.71 | 1.80 | 1.87 | 1.67 | 1.59 | 1.98 | 2.13 | 2.01 | 2.53 | 2.50 | 2.49 | 2.13 | 1.92 | 2.35 | 2.24 | 2.28 | |||||||
| NVIDIA Corp. | 2.76 | 3.14 | 3.60 | 3.49 | 2.86 | 3.67 | 3.41 | 3.50 | 2.88 | 3.38 | 2.92 | 2.23 | 2.67 | 2.61 | 2.63 | 2.95 | 4.63 | 5.96 | 6.44 | 5.22 | 3.92 | |||||||
| Qualcomm Inc. | — | — | 1.14 | 1.45 | 1.63 | 1.84 | 2.02 | 1.84 | 1.79 | 1.64 | 1.64 | 1.85 | 1.70 | 1.51 | 1.47 | 1.32 | 1.21 | 1.01 | 0.90 | 1.16 | 1.25 | |||||||
| Texas Instruments Inc. | — | — | 3.57 | 2.93 | 2.37 | 2.17 | 2.32 | 2.93 | 2.76 | 2.55 | 2.88 | 3.13 | 3.40 | 3.12 | 4.12 | 4.24 | 3.93 | 3.67 | 3.98 | 4.13 | 4.60 | |||||||
Based on: 10-Q (reporting date: 2026-09-30), 10-K (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30).
1 Q1 2027 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 7,813,278 ÷ 4,555,086 = 1.72
2 Click competitor name to see calculations.
The analysis of liquidity metrics reveals a U-shaped trajectory in the quick ratio over the observed period. After starting at 1.62 in September 2021, the ratio experienced a gradual decline, reaching a minimum threshold of 1.13 by December 31, 2023. Subsequently, a sustained recovery occurred, with the ratio peaking at 1.94 in March 31, 2026, before stabilizing slightly at 1.72 by September 30, 2026.
- Quick Asset Accumulation
- Total quick assets demonstrated a consistent long-term upward trend, increasing from approximately 4.09 billion US dollars in September 2021 to 7.81 billion US dollars by September 30, 2026. This growth indicates a steady expansion of the most liquid assets available to meet short-term obligations.
- Current Liability Dynamics
- Current liabilities exhibited a two-phase movement. An initial growth phase saw liabilities rise from 2.52 billion US dollars in September 2021 to a peak of 4.57 billion US dollars in December 2023. This was followed by a period of contraction and optimization, where liabilities decreased to 3.75 billion US dollars by March 31, 2026, before trending upward again toward 4.56 billion US dollars in the final quarter.
- Liquidity Ratio Correlation
- The compression of the quick ratio between 2021 and 2023 is attributed to current liabilities growing at a faster pace than quick assets. The subsequent improvement in the ratio from 2024 through early 2026 resulted from the simultaneous increase in liquid assets and the strategic reduction of current liabilities, significantly enhancing the company's short-term solvency position.
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Cash Ratio
KLA Corp., cash ratio calculation (quarterly data)
| Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Cash and cash equivalents | 1,531,950) | 1,649,842) | 1,787,010) | 2,452,124) | 1,946,211) | 2,078,908) | 1,858,022) | 1,838,278) | 1,977,202) | 1,977,129) | 1,848,167) | 1,665,054) | 1,711,570) | 1,927,865) | 1,568,513) | 1,571,477) | 1,819,280) | 1,584,908) | 1,415,172) | 1,657,057) | 1,509,564) | |||||||
| Marketable securities | 3,209,241) | 3,252,566) | 3,170,928) | 2,755,340) | 2,737,380) | 2,415,715) | 2,170,600) | 1,942,127) | 2,652,514) | 2,526,866) | 2,446,135) | 1,677,940) | 1,637,751) | 1,315,294) | 1,321,696) | 1,294,873) | 1,134,240) | 1,123,100) | 1,162,724) | 1,153,404) | 1,115,249) | |||||||
| Total cash assets | 4,741,191) | 4,902,408) | 4,957,938) | 5,207,464) | 4,683,591) | 4,494,623) | 4,028,622) | 3,780,405) | 4,629,716) | 4,503,995) | 4,294,302) | 3,342,994) | 3,349,321) | 3,243,159) | 2,890,209) | 2,866,350) | 2,953,520) | 2,708,008) | 2,577,896) | 2,810,461) | 2,624,813) | |||||||
| Current liabilities | 4,555,086) | 4,304,927) | 3,751,555) | 3,982,472) | 4,049,970) | 4,085,795) | 3,909,929) | 4,138,258) | 4,798,214) | 4,660,774) | 4,458,538) | 4,570,997) | 3,817,743) | 3,742,842) | 3,418,521) | 3,482,501) | 3,139,364) | 2,871,083) | 2,828,983) | 2,776,098) | 2,523,010) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||
| Cash ratio1 | 1.04 | 1.14 | 1.32 | 1.31 | 1.16 | 1.10 | 1.03 | 0.91 | 0.96 | 0.97 | 0.96 | 0.73 | 0.88 | 0.87 | 0.85 | 0.82 | 0.94 | 0.94 | 0.91 | 1.01 | 1.04 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | 1.09 | 1.18 | 1.12 | 0.62 | 0.60 | 0.95 | 0.70 | 0.61 | 0.86 | 0.93 | 0.86 | 0.76 | 0.83 | 0.90 | 0.92 | 0.84 | 1.08 | 1.17 | |||||||
| Analog Devices Inc. | — | — | 0.41 | 0.77 | 0.93 | 1.13 | 1.16 | 0.88 | 0.92 | 0.79 | 0.79 | 0.72 | 0.45 | 0.30 | 0.41 | 0.44 | 0.69 | 0.60 | 0.62 | 0.75 | 0.81 | |||||||
| Applied Materials Inc. | — | — | 0.89 | 0.92 | 1.10 | 1.07 | 0.89 | 0.84 | 1.06 | 1.12 | 1.26 | 1.10 | 1.06 | 0.93 | 0.79 | 0.65 | 0.56 | 0.35 | 0.52 | 0.59 | 0.92 | |||||||
| Broadcom Inc. | — | — | 1.15 | 1.04 | 0.84 | 0.87 | 0.64 | 0.46 | 0.45 | 0.56 | 0.52 | 0.49 | 0.58 | 1.92 | 1.64 | 1.54 | 1.69 | 1.76 | 1.49 | 1.30 | 1.63 | |||||||
| Intel Corp. | — | — | 1.44 | 0.83 | 1.22 | 1.18 | 0.96 | 0.61 | 0.65 | 0.62 | 0.69 | 0.91 | 0.78 | 0.89 | 0.87 | 0.89 | 1.01 | 0.88 | 0.81 | 0.99 | 1.32 | |||||||
| Lam Research Corp. | 1.02 | 0.94 | 0.91 | 0.99 | 1.00 | 0.97 | 0.99 | 1.06 | 1.14 | 1.35 | 1.28 | 1.32 | 1.21 | 1.28 | 1.19 | 0.99 | 0.84 | 0.77 | 1.00 | 1.32 | 1.19 | |||||||
| Marvell Technology Inc. | 1.69 | 0.82 | 0.99 | 0.51 | 0.30 | 0.47 | 0.49 | 0.52 | 0.58 | 0.52 | 0.39 | 0.16 | 0.34 | 0.38 | 0.30 | 0.29 | 0.30 | 0.44 | 0.42 | 0.52 | 0.45 | |||||||
| Micron Technology Inc. | — | 1.58 | 1.34 | 1.02 | 0.86 | 0.90 | 1.07 | 1.04 | 0.84 | 0.88 | 1.23 | 1.44 | 1.52 | 2.01 | 2.03 | 2.06 | 1.62 | 1.24 | 1.46 | 1.46 | 1.47 | |||||||
| NVIDIA Corp. | 1.84 | 1.94 | 2.32 | 2.34 | 2.02 | 2.39 | 2.34 | 2.49 | 2.07 | 2.44 | 2.01 | 1.55 | 2.11 | 2.03 | 1.92 | 2.25 | 3.66 | 4.89 | 5.34 | 4.42 | 3.16 | |||||||
| Qualcomm Inc. | — | — | 0.73 | 1.00 | 1.20 | 1.36 | 1.58 | 1.45 | 1.44 | 1.27 | 1.34 | 1.51 | 1.31 | 1.18 | 1.02 | 0.85 | 0.82 | 0.54 | 0.58 | 0.86 | 0.92 | |||||||
| Texas Instruments Inc. | — | — | 2.70 | 2.16 | 1.65 | 1.55 | 1.66 | 2.15 | 2.01 | 2.08 | 2.37 | 2.66 | 2.93 | 2.58 | 3.37 | 3.52 | 3.29 | 3.04 | 3.25 | 3.28 | 3.89 | |||||||
Based on: 10-Q (reporting date: 2026-09-30), 10-K (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30).
1 Q1 2027 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 4,741,191 ÷ 4,555,086 = 1.04
2 Click competitor name to see calculations.
The analysis of the cash ratio reveals a cyclical trend characterized by an initial period of stability, a significant decline in liquidity coverage, and a subsequent robust recovery followed by a moderate correction.
- Liquidity Contraction Phase (September 2021 – December 2023)
- A gradual decline in the cash ratio is observed during this period, starting at 1.04 and reaching a minimum of 0.73 by December 31, 2023. This deterioration is attributed to current liabilities growing at a faster rate than total cash assets. While cash assets increased from approximately 2.62 billion USD to 3.34 billion USD, current liabilities rose more sharply from 2.52 billion USD to 4.57 billion USD, leading to a period where the most liquid assets were insufficient to cover immediate obligations.
- Liquidity Expansion and Peak (March 2024 – March 2026)
- A strong recovery trend emerged starting in early 2024, with the cash ratio climbing consistently to a peak of 1.32 by March 31, 2026. This improvement was driven by a dual effect: a substantial increase in total cash assets, which reached a high of 5.21 billion USD in December 2025, and a simultaneous reduction in current liabilities, which dropped to 3.75 billion USD by March 2026. This period represents the strongest liquidity position within the analyzed timeframe, indicating a high capacity to settle short-term debts using only cash and cash equivalents.
- Recent Moderation (June 2026 – September 2026)
- Following the peak in early 2026, a downward adjustment is noted. The cash ratio decreased to 1.14 in June 2026 and further to 1.04 by September 30, 2026. This shift is the result of a moderate reduction in total cash assets to 4.74 billion USD and a corresponding increase in current liabilities to 4.56 billion USD. Despite this decline, the ratio remains above 1.00, signifying that the organization maintains sufficient cash reserves to cover its current liabilities in full.
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