Liquidity ratios measure the company ability to meet its short-term obligations.
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Liquidity Ratios (Summary)
Based on: 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-Q (reporting date: 2024-09-29), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-24), 10-Q (reporting date: 2023-09-24), 10-K (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-Q (reporting date: 2022-09-25), 10-K (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-Q (reporting date: 2021-09-26), 10-K (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-Q (reporting date: 2020-09-27), 10-K (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-Q (reporting date: 2019-09-29), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-23), 10-Q (reporting date: 2018-09-23).
- Current Ratio
- The current ratio exhibits fluctuations over the observed periods, starting at 2.66 in September 2018 and peaking at 4.47 in March 2020. This sharp increase suggests an improvement in short-term liquidity during that time. Following this peak, the ratio generally trends downward, reaching approximately 2.45 by March 2025. Despite the decline, the ratio maintains levels above 2.0, indicating a sustained ability to cover current liabilities with current assets. The overall pattern shows a phase of increasing liquidity up until early 2020, followed by a gradual tapering off.
- Quick Ratio
- The quick ratio also demonstrates variability, beginning at 1.56 in September 2018 and attaining a maximum value of 2.92 in March 2020. This mirrors the peak seen in the current ratio period, suggesting that the company's more liquid assets temporarily increased. After this point, the quick ratio descends to levels near 1.58 by March 2025, with minor intermediate fluctuations. The sustained values above 1.5 for most of the period indicate an adequate position to cover immediate liabilities without relying on inventory liquidation. The data implies a similar liquidity trend to the current ratio but with comparatively lower volatility post-peak.
- Cash Ratio
- The cash ratio shows a notable rise from 0.91 in September 2018 to 1.88 in March 2020, indicating a strengthening in the company's most liquid assets relative to current liabilities. Post-March 2020, there is a downward trend with periodic minor recoveries, with the ratio declining to 0.99 by March 2025. This decline suggests a relative reduction in cash and cash equivalents compared to liabilities, although the ratio remains near or above the 1.0 threshold at various points, signifying a generally solid cash position to settle current obligations without asset conversion. The ratio's volatility appears somewhat higher than that of the quick ratio during the later periods.
- Summary of Liquidity Trends
- All three liquidity measures show a pronounced improvement leading up to March 2020, reflecting increased short-term financial flexibility. The peak in March 2020 coincides across the ratios, possibly indicating strategic cash and asset management in response to external conditions. After this peak, the company experiences a gradual decline in liquidity ratios, approaching but mostly maintaining comfortable levels to meet short-term obligations. The current and quick ratios remain relatively stable above critical liquidity thresholds, while the cash ratio experiences a more marked decrease but stays near acceptable levels. Overall, the data reflect prudent liquidity management with some erosion post-2020, potentially due to changing operational or market dynamics.
Current Ratio
Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 24, 2023 | Sep 24, 2023 | Jun 25, 2023 | Mar 26, 2023 | Dec 25, 2022 | Sep 25, 2022 | Jun 26, 2022 | Mar 27, 2022 | Dec 26, 2021 | Sep 26, 2021 | Jun 27, 2021 | Mar 28, 2021 | Dec 27, 2020 | Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 29, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 23, 2018 | Sep 23, 2018 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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. | |||||||||||||||||||||||||||||||||||
KLA Corp. | |||||||||||||||||||||||||||||||||||
Micron Technology Inc. | |||||||||||||||||||||||||||||||||||
NVIDIA Corp. | |||||||||||||||||||||||||||||||||||
Qualcomm Inc. | |||||||||||||||||||||||||||||||||||
Texas Instruments Inc. |
Based on: 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-Q (reporting date: 2024-09-29), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-24), 10-Q (reporting date: 2023-09-24), 10-K (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-Q (reporting date: 2022-09-25), 10-K (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-Q (reporting date: 2021-09-26), 10-K (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-Q (reporting date: 2020-09-27), 10-K (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-Q (reporting date: 2019-09-29), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-23), 10-Q (reporting date: 2018-09-23).
1 Q3 2025 Calculation
Current ratio = Current assets ÷ Current liabilities
= ÷ =
2 Click competitor name to see calculations.
- Current Assets
- The value of current assets demonstrated overall growth throughout the periods analyzed, rising from approximately 7.5 billion USD in September 2018 to over 13.4 billion USD by March 2025. There were fluctuations within this general upward trend, including dips and recoveries notably between late 2018 and mid-2019. The asset base grew most significantly from late 2021 through to 2023, reaching peak levels around mid-2024 before a slight decline in the final reported quarter.
- Current Liabilities
- Current liabilities showed a gradual increase over the same timeframe, starting from approximately 2.8 billion USD in September 2018 and rising steadily to nearly 5.5 billion USD by March 2025. Despite some volatility in earlier periods—with occasional decreases in liabilities—the trend was mostly upward, particularly after mid-2020. This suggests an expansion in short-term obligations consistent with business or operational growth.
- Current Ratio
- The current ratio began relatively high at 2.66 in September 2018 and reached a peak of 4.47 in March 2020, indicating strong short-term liquidity at that time. Following this peak, the ratio generally declined, oscillating around 3.0 through 2021 and into early 2022. From mid-2022 onward, the ratio continued a gradual downward trend to a level around 2.45 by March 2025. This decline in the current ratio, alongside rising current liabilities, suggests a relative tightening of liquidity, although the company maintained a ratio above 2.0, indicating a sound ability to cover current liabilities with current assets.
- Summary
- The data reflects an expanding operational scale, as evidenced by growing current assets and liabilities. While liquidity, as measured by the current ratio, has decreased from a very strong position, it remains at a healthy level above 2.0. The decline in the current ratio in the latter part of the timeframe could suggest an increasing use of short-term financing or investments in working capital. Monitoring this ratio alongside asset and liability trends is advisable to ensure continued financial stability.
Quick Ratio
Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 24, 2023 | Sep 24, 2023 | Jun 25, 2023 | Mar 26, 2023 | Dec 25, 2022 | Sep 25, 2022 | Jun 26, 2022 | Mar 27, 2022 | Dec 26, 2021 | Sep 26, 2021 | Jun 27, 2021 | Mar 28, 2021 | Dec 27, 2020 | Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 29, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 23, 2018 | Sep 23, 2018 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
Cash and cash equivalents | |||||||||||||||||||||||||||||||||||
Accounts receivable, less allowance | |||||||||||||||||||||||||||||||||||
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. | |||||||||||||||||||||||||||||||||||
KLA Corp. | |||||||||||||||||||||||||||||||||||
Micron Technology Inc. | |||||||||||||||||||||||||||||||||||
NVIDIA Corp. | |||||||||||||||||||||||||||||||||||
Qualcomm Inc. | |||||||||||||||||||||||||||||||||||
Texas Instruments Inc. |
Based on: 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-Q (reporting date: 2024-09-29), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-24), 10-Q (reporting date: 2023-09-24), 10-K (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-Q (reporting date: 2022-09-25), 10-K (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-Q (reporting date: 2021-09-26), 10-K (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-Q (reporting date: 2020-09-27), 10-K (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-Q (reporting date: 2019-09-29), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-23), 10-Q (reporting date: 2018-09-23).
1 Q3 2025 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= ÷ =
2 Click competitor name to see calculations.
- Total Quick Assets
- The total quick assets exhibit a generally increasing trend from September 2018 through the first quarter of 2025, with fluctuations in between. Starting at approximately 4.41 billion USD in September 2018, the figure reaches a peak around 8.49 billion USD in December 2021. Subsequently, the value fluctuates but remains elevated, staying mostly above 7.8 billion USD. Notable dips occur around June 2023 and March 2024, where total quick assets decline slightly but recover towards September 2024, indicating some volatility in liquid assets within this period.
- Current Liabilities
- Current liabilities demonstrate variability throughout the period, starting at about 2.82 billion USD in September 2018 and initially declining to approximately 2.17 billion USD by December 2018. Afterward, liabilities fluctuate considerably with increases reaching above 5.34 billion USD by December 2024 and March 2025, representing a significant rise in short-term obligations over the timeframe. The upward trend in liabilities post mid-2021 is quite marked, suggesting increased short-term financial commitments or accruals in recent years.
- Quick Ratio
- The quick ratio generally declines from a high of 2.54 in September 2019 to values closer to 1.58 by March 2025. Some short-term increases occur, for instance in March 2020 (2.92) and December 2021 (around 2.20), but overall the ratio trends downward in the latest periods. This decrease suggests that while liquid assets have increased generally, current liabilities have grown at a faster rate, thereby reducing the company’s immediate liquidity cushion relative to its current obligations.
- Summary of Financial Health
- In summary, the data shows an overall growth in liquid assets alongside a pronounced increase in current liabilities over the six-year span. The net effect is a declining quick ratio, indicating a relative decrease in liquidity coverage. This trend may reflect a strategic increase in short-term liabilities or a shift in working capital management. It is important to consider that although quick assets increased substantially, liabilities grew more rapidly in the latter part of the period, warranting attention to liquidity management to maintain financial stability.
Cash Ratio
Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 24, 2023 | Sep 24, 2023 | Jun 25, 2023 | Mar 26, 2023 | Dec 25, 2022 | Sep 25, 2022 | Jun 26, 2022 | Mar 27, 2022 | Dec 26, 2021 | Sep 26, 2021 | Jun 27, 2021 | Mar 28, 2021 | Dec 27, 2020 | Sep 27, 2020 | Jun 28, 2020 | Mar 29, 2020 | Dec 29, 2019 | Sep 29, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 23, 2018 | Sep 23, 2018 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||||
Cash and cash equivalents | |||||||||||||||||||||||||||||||||||
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. | |||||||||||||||||||||||||||||||||||
KLA Corp. | |||||||||||||||||||||||||||||||||||
Micron Technology Inc. | |||||||||||||||||||||||||||||||||||
NVIDIA Corp. | |||||||||||||||||||||||||||||||||||
Qualcomm Inc. | |||||||||||||||||||||||||||||||||||
Texas Instruments Inc. |
Based on: 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-Q (reporting date: 2024-09-29), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-24), 10-Q (reporting date: 2023-09-24), 10-K (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-Q (reporting date: 2022-09-25), 10-K (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-Q (reporting date: 2021-09-26), 10-K (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-Q (reporting date: 2020-09-27), 10-K (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-Q (reporting date: 2019-09-29), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-23), 10-Q (reporting date: 2018-09-23).
1 Q3 2025 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= ÷ =
2 Click competitor name to see calculations.
- Total Cash Assets
- The total cash assets demonstrate significant fluctuations over the analyzed periods. Initially, there was a notable increase from approximately 2.57 billion in September 2018 to about 4.93 billion by March 2019, followed by a decrease to roughly 3.04 billion by December 2019. From early 2020 through 2021, cash assets experienced a general upward trend with some variations, peaking around 5.09 billion in December 2021. Subsequently, there was a decline in mid-2022 to approximately 3.52 billion, followed by recovery and growth through 2023, reaching above 5.3 billion by September 2023. In the most recent quarters, cash holdings have once again shown volatility culminating in a slight decrease toward March 2025, where cash assets stand at approximately 5.45 billion.
- Current Liabilities
- Current liabilities exhibit moderate volatility with an overall upward trajectory across the periods. Starting near 2.82 billion in September 2018, liabilities decreased to just over 2.16 billion in December 2018 but then increased and fluctuated around the 2.4 to 3.6 billion range through the next several quarters. From late 2020, liabilities generally trended higher, passing 4 billion by mid-2022 and reaching around 5.05 billion by September 2022. Although some quarters show slight reductions, the overall pattern indicates growing liabilities, culminating above 5.4 billion by March 2025. This indicates an expanding current obligation base relative to the start of the period.
- Cash Ratio
- The cash ratio has experienced considerable variability, generally hovering around or above the threshold of 1, which indicates liquidity coverage of current liabilities by cash and cash equivalents. Early on, the ratio increased from 0.91 in September 2018 to a peak of roughly 1.87 in September 2019, suggesting strong liquidity during that period. A decline followed, dropping to about 0.77 in June 2022, the lowest point observed, indicating weaker liquidity coverage at that time. After mid-2022, the cash ratio improved progressively, surpassing 1.2 by late 2023 and fluctuating slightly around 1.1 near the end of the timeline. The trend suggests periods of tightening and easing liquidity conditions with a focus on maintaining adequate cash buffers relative to liabilities.