Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Marvell Technology Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-08-01), 10-Q (reporting date: 2026-05-02), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-K (reporting date: 2025-02-01), 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01).
The liquidity profile demonstrates a cyclical pattern characterized by periods of contraction followed by significant expansion, culminating in a substantial strengthening of the short-term financial position by mid-2026.
- Current Ratio Trends
- The current ratio exhibits a volatile trajectory, initially oscillating between 1.63 and 1.81 before declining to a low of 1.03 in July 2023. Following this trough, a recovery phase occurred, peaking at 1.80 in May 2024. After a subsequent decline to 1.30 in May 2025, the ratio experienced an aggressive ascent, ending at 3.17 in August 2026, indicating a significant increase in the capacity to cover short-term obligations.
- Quick Ratio Trends
- Mirroring the current ratio, the quick ratio shows a downward trend reaching its lowest point of 0.61 in July 2023. A period of stabilization followed, with the ratio returning above 1.00 by October 2023. A secondary dip to 0.69 occurred in May 2025, followed by a sharp increase to 2.46 by August 2026. The correlation between the current and quick ratios suggests that liquidity gains were driven by liquid assets rather than an accumulation of inventory.
- Cash Ratio Trends
- The cash ratio remained relatively constrained, ranging between 0.16 and 0.58 from May 2021 through May 2025, with a notable trough in July 2023. However, the period starting in late 2025 marks a fundamental shift, with the ratio climbing to a peak of 1.69 in May 2026 and ending at 1.57. This indicates a strategic increase in cash and cash equivalents relative to current liabilities.
The convergence of these trends suggests that while the organization faced liquidity pressures in 2023 and mid-2025, it has since entered a phase of exceptional liquidity. The dramatic rise in all three metrics during 2026 indicates a substantial accumulation of liquid assets, positioning the entity in a highly conservative financial state regarding its immediate obligations.
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Current Ratio
Marvell Technology Inc., current ratio calculation (quarterly data)
| Aug 1, 2026 | May 2, 2026 | Jan 31, 2026 | Nov 1, 2025 | Aug 2, 2025 | May 3, 2025 | Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Current assets | 7,919,300) | 7,464,000) | 6,460,600) | 5,512,500) | 4,512,900) | 3,837,600) | 3,120,300) | 2,816,800) | 2,763,900) | 2,647,700) | 3,062,700) | 2,973,200) | 2,767,200) | 3,202,900) | 3,281,100) | 3,179,300) | 2,915,000) | 2,598,900) | 2,493,450) | 2,244,814) | 1,908,477) | 1,887,811) | |||||||
| Current liabilities | 2,499,500) | 2,276,800) | 3,220,500) | 2,736,700) | 2,399,300) | 2,941,400) | 2,026,800) | 1,763,600) | 1,546,500) | 1,467,700) | 1,814,200) | 1,879,600) | 2,685,200) | 3,061,400) | 2,386,700) | 2,420,200) | 2,155,800) | 1,554,100) | 1,388,542) | 1,237,537) | 1,084,433) | 1,160,103) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Current ratio1 | 3.17 | 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 | |||||||
| 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. | — | — | — | — | 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 | |||||||
| KLA Corp. | — | — | 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 | |||||||
| Lam Research Corp. | — | — | 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 | |||||||
| 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. | 4.59 | 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. | — | — | — | — | 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: 2026-08-01), 10-Q (reporting date: 2026-05-02), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-K (reporting date: 2025-02-01), 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01).
1 Q2 2027 Calculation
Current ratio = Current assets ÷ Current liabilities
= 7,919,300 ÷ 2,499,500 = 3.17
2 Click competitor name to see calculations.
The liquidity profile of the organization exhibits a cyclical trajectory characterized by an initial period of stability, a significant mid-term contraction, and a subsequent phase of aggressive expansion in current asset coverage.
- Liquidity Contraction Phase
- Between May 2021 and July 2023, a general decline in the current ratio is observed, falling from a peak of 1.81 in October 2021 to a minimum of 1.03 in July 2023. This compression was primarily driven by a substantial increase in current liabilities, which peaked at 3.06 billion US$ in April 2023. During this window, the organization's ability to cover short-term obligations with short-term assets tightened significantly, nearly reaching a 1:1 parity.
- Recovery and Stabilization Phase
- A reversal in the liquidity trend occurred between October 2023 and May 2024. The current ratio recovered from 1.03 to 1.80. This improvement was largely attributed to a strategic reduction in current liabilities, which decreased from 2.68 billion US$ in July 2023 to a low of 1.46 billion US$ by May 2024, thereby enhancing the margin of safety for short-term obligations.
- Aggressive Asset Expansion Phase
- From May 2024 through August 2026, a period of rapid liquidity growth is evident. Current assets surged from approximately 2.64 billion US$ to 7.91 billion US$. Although current liabilities also increased during this period, the growth in assets far outpaced the growth in obligations. Consequently, the current ratio escalated sharply, peaking at 3.28 in May 2026 before settling at 3.17 in August 2026.
- Long-term Liquidity Trend
- Over the entire analyzed period, the organization shifted from a moderate liquidity position to a highly liquid state. The current assets increased by approximately 318%, while the current ratio ended substantially higher than its starting point of 1.63, indicating a significant accumulation of short-term resources relative to immediate liabilities.
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Quick Ratio
Marvell Technology Inc., quick ratio calculation (quarterly data)
| Aug 1, 2026 | May 2, 2026 | Jan 31, 2026 | Nov 1, 2025 | Aug 2, 2025 | May 3, 2025 | Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 3,932,800) | 3,843,600) | 2,638,800) | 2,714,500) | 1,224,400) | 885,900) | 948,300) | 868,100) | 808,700) | 847,700) | 950,800) | 725,600) | 423,400) | 1,028,300) | 911,000) | 723,400) | 617,100) | 465,000) | 613,533) | 523,502) | 559,617) | 522,512) | |||||||
| Accounts receivable, net | 2,218,400) | 1,871,700) | 2,186,600) | 1,546,300) | 1,451,700) | 1,144,000) | 1,028,400) | 997,900) | 1,060,100) | 881,900) | 1,121,600) | 1,214,600) | 1,209,200) | 1,000,900) | 1,192,200) | 1,390,700) | 1,291,300) | 1,191,100) | 1,048,583) | 978,261) | 785,611) | 694,395) | |||||||
| Total quick assets | 6,151,200) | 5,715,300) | 4,825,400) | 4,260,800) | 2,676,100) | 2,029,900) | 1,976,700) | 1,866,000) | 1,868,800) | 1,729,600) | 2,072,400) | 1,940,200) | 1,632,600) | 2,029,200) | 2,103,200) | 2,114,100) | 1,908,400) | 1,656,100) | 1,662,116) | 1,501,763) | 1,345,228) | 1,216,907) | |||||||
| Current liabilities | 2,499,500) | 2,276,800) | 3,220,500) | 2,736,700) | 2,399,300) | 2,941,400) | 2,026,800) | 1,763,600) | 1,546,500) | 1,467,700) | 1,814,200) | 1,879,600) | 2,685,200) | 3,061,400) | 2,386,700) | 2,420,200) | 2,155,800) | 1,554,100) | 1,388,542) | 1,237,537) | 1,084,433) | 1,160,103) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Quick ratio1 | 2.46 | 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 | |||||||
| 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. | — | — | — | — | 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 | |||||||
| KLA Corp. | — | — | 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 | |||||||
| Lam Research Corp. | — | — | 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 | |||||||
| 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. | 3.78 | 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. | — | — | — | — | 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: 2026-08-01), 10-Q (reporting date: 2026-05-02), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-K (reporting date: 2025-02-01), 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01).
1 Q2 2027 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 6,151,200 ÷ 2,499,500 = 2.46
2 Click competitor name to see calculations.
The analysis of liquidity trends between May 2021 and August 2026 reveals a cyclical trajectory characterized by an initial period of stability, a significant mid-term contraction, and a final phase of aggressive liquidity expansion.
- Initial Stability and Liquidity Compression (May 2021 – July 2023)
- During the first year of the period, the quick ratio remained healthy, fluctuating between 1.05 and 1.24, indicating a sufficient capacity to cover short-term obligations. However, a downward trend emerged starting in July 2022, as current liabilities increased more rapidly than quick assets. This culminated in a liquidity trough in July 2023, where the quick ratio reached a low of 0.61, signaling a period of heightened short-term financial pressure.
- Recovery and Operational Volatility (October 2023 – May 2025)
- A recovery phase began in late 2023, with the quick ratio returning to a level above 1.0 by October 2023. This stability was maintained through mid-2024, peaking at 1.21 in May 2024. A secondary dip occurred in May 2025, where the ratio fell to 0.69, driven primarily by a sharp increase in current liabilities to approximately 2.94 billion USD, momentarily offsetting the growth in quick assets.
- Accelerated Asset Accumulation (August 2025 – August 2026)
- The final phase of the analysis shows a dramatic shift in the liquidity profile. Total quick assets surged from 2.03 billion USD in May 2025 to 6.15 billion USD by August 2026. This rapid accumulation of liquid assets far outpaced the growth of current liabilities, resulting in a substantial increase in the quick ratio, which peaked at 2.51 in January 2026 and concluded the period at 2.46. This indicates a transition from a constrained liquidity position to an exceptionally strong surplus of liquid resources.
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Cash Ratio
Marvell Technology Inc., cash ratio calculation (quarterly data)
| Aug 1, 2026 | May 2, 2026 | Jan 31, 2026 | Nov 1, 2025 | Aug 2, 2025 | May 3, 2025 | Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 3,932,800) | 3,843,600) | 2,638,800) | 2,714,500) | 1,224,400) | 885,900) | 948,300) | 868,100) | 808,700) | 847,700) | 950,800) | 725,600) | 423,400) | 1,028,300) | 911,000) | 723,400) | 617,100) | 465,000) | 613,533) | 523,502) | 559,617) | 522,512) | |||||||
| Total cash assets | 3,932,800) | 3,843,600) | 2,638,800) | 2,714,500) | 1,224,400) | 885,900) | 948,300) | 868,100) | 808,700) | 847,700) | 950,800) | 725,600) | 423,400) | 1,028,300) | 911,000) | 723,400) | 617,100) | 465,000) | 613,533) | 523,502) | 559,617) | 522,512) | |||||||
| Current liabilities | 2,499,500) | 2,276,800) | 3,220,500) | 2,736,700) | 2,399,300) | 2,941,400) | 2,026,800) | 1,763,600) | 1,546,500) | 1,467,700) | 1,814,200) | 1,879,600) | 2,685,200) | 3,061,400) | 2,386,700) | 2,420,200) | 2,155,800) | 1,554,100) | 1,388,542) | 1,237,537) | 1,084,433) | 1,160,103) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Cash ratio1 | 1.57 | 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 | |||||||
| 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. | — | — | — | — | 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 | |||||||
| KLA Corp. | — | — | 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 | |||||||
| Lam Research Corp. | — | — | 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 | |||||||
| 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. | 2.31 | 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. | — | — | — | — | 2.16 | 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: 2026-08-01), 10-Q (reporting date: 2026-05-02), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-K (reporting date: 2025-02-01), 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01).
1 Q2 2027 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,932,800 ÷ 2,499,500 = 1.57
2 Click competitor name to see calculations.
The cash ratio exhibits a significant long-term upward trajectory, transitioning from a state of limited immediate liquidity to a position of substantial cash surplus. Over the analyzed period, the ratio evolved from fluctuating between 0.30 and 0.58 to ending at 1.57, indicating a fundamental shift in the balance between liquid assets and short-term obligations.
- Liquidity Compression Phase (2021–2023)
- Between May 2021 and July 2023, the cash ratio remained generally low, reaching a periodic minimum of 0.16. This decline was primarily driven by a sharp increase in current liabilities, which grew from approximately 1.16 billion US dollars in 2021 to a peak of 3.06 billion US dollars by April 2023, outpacing the growth of cash assets during that interval.
- Stabilization and Recovery (Late 2023–Early 2025)
- A period of stabilization occurred between October 2023 and February 2025, with the cash ratio recovering to a range between 0.47 and 0.58. This phase was characterized by a reduction in current liabilities, which fell toward 1.47 billion US dollars by May 2024, while total cash assets were maintained consistently between 800 million and 950 million US dollars.
- Aggressive Asset Accumulation (Late 2024–2026)
- A sharp increase in liquidity is observed starting in November 2024, where the cash ratio first surpassed the 1.0 threshold. This surge was driven by an exponential increase in total cash assets, which rose from 868.1 million US dollars in August 2024 to 3.93 billion US dollars by August 2026. The ratio peaked at 1.69 in May 2026, indicating that the company's most liquid assets significantly exceed its total current liabilities.
The overall trend reveals a strategic transition toward a highly liquid balance sheet. While the company initially operated with a cash ratio well below 1.0—relying on other current assets or financing to meet short-term obligations—the most recent data confirms a robust liquidity position capable of covering current liabilities more than 1.5 times over using only cash and cash equivalents.
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