Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
NVIDIA Corp., liquidity ratios (quarterly data)
Based on: 10-K (reporting date: 2026-01-25), 10-Q (reporting date: 2025-10-26), 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02).
The liquidity position, as indicated by the current, quick, and cash ratios, demonstrates a generally strong, though evolving, profile over the observed period. Initial values are robust, followed by a period of fluctuation and a subsequent stabilization around a lower, yet still healthy, level.
- Current Ratio
- The current ratio begins at 4.53 and exhibits an upward trend, peaking at 7.14 before declining to 3.39. A period of relative stability follows, fluctuating between approximately 3.39 and 4.17. A slight increase is observed towards 4.47, followed by a decrease to 3.91 and a final rise to 4.21. The most recent value is 3.39. This suggests a decreasing ability to cover short-term liabilities with short-term assets, though the ratio remains above 3.0 for the majority of the period, indicating a generally comfortable margin.
- Quick Ratio
- The quick ratio mirrors the trend of the current ratio, starting at 3.92 and reaching a high of 6.44. It then declines to 2.63, stabilizes between 2.61 and 3.38, and experiences a similar pattern of increase to 3.60, followed by a decrease to 3.14. The quick ratio consistently remains below the initial value, reflecting a reliance on inventory to meet current obligations. The decline in both the current and quick ratios suggests a potential shift in asset composition or an increase in short-term liabilities.
- Cash Ratio
- The cash ratio demonstrates a similar pattern of initial strength and subsequent decline. Starting at 3.16, it peaks at 5.34 before decreasing to 1.92. The ratio then fluctuates between 1.92 and 2.49, with a recent value of 1.94. This indicates a decreasing proportion of current assets held in the most liquid form – cash and cash equivalents. While still representing a substantial ability to cover immediate obligations with available cash, the downward trend warrants monitoring.
Overall, the observed trends suggest a potential shift in working capital management or a change in the company’s operational needs. While liquidity remains at acceptable levels, the consistent decline from peak values across all three ratios indicates a need for continued assessment of short-term asset allocation and liability management.
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Current Ratio
NVIDIA Corp., current ratio calculation (quarterly data)
| Jan 25, 2026 | Oct 26, 2025 | Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current assets | 125,605) | 116,492) | 102,219) | 89,935) | 80,126) | 67,640) | 59,633) | 53,729) | 44,345) | 32,658) | 28,797) | 24,883) | 23,073) | 23,223) | 27,418) | 29,575) | 28,829) | 25,806) | 25,806) | 18,127) | ||||||
| Current liabilities | 32,163) | 26,075) | 24,257) | 26,542) | 18,047) | 16,479) | 13,969) | 15,223) | 10,631) | 9,101) | 10,334) | 7,260) | 6,563) | 6,855) | 7,573) | 5,562) | 4,335) | 3,612) | 4,448) | 4,004) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Current ratio1 | 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 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 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. | — | — | — | 1.76 | 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. | — | — | — | 2.71 | 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. | — | — | — | 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. | — | — | — | — | 2.02 | 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. | — | — | 2.83 | 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. | — | — | 2.26 | 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. | — | — | — | 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 | ||||||
| Qualcomm Inc. | — | — | — | 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. | — | — | — | — | 4.35 | 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-K (reporting date: 2026-01-25), 10-Q (reporting date: 2025-10-26), 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02).
1 Q4 2026 Calculation
Current ratio = Current assets ÷ Current liabilities
= 125,605 ÷ 32,163 = 3.91
2 Click competitor name to see calculations.
The current ratio exhibited considerable fluctuation over the analyzed period, spanning from May 2021 to January 2026. Initially, the ratio demonstrated a strong upward trend, peaking in October 2021 before experiencing a period of decline and stabilization, followed by renewed volatility and a slight overall increase towards the end of the observation window.
- Initial Increase (May 2021 – October 2021)
- The current ratio increased from 4.53 in May 2021 to a high of 7.14 in October 2021. This indicates a strengthening of the company’s ability to cover its short-term liabilities with its short-term assets during this period. The substantial increase suggests either a significant growth in current assets, a decrease in current liabilities, or a combination of both.
- Decline and Stabilization (October 2021 – April 2023)
- Following the peak, the current ratio decreased to 3.43 by April 2023. This decline, while substantial, remained above 3.0 for most of this period, suggesting continued, though diminishing, liquidity. The ratio experienced fluctuations within this timeframe, indicating inconsistent performance in managing short-term assets and liabilities. A low of 2.79 was observed in July 2023.
- Renewed Volatility and Recent Trend (April 2023 – January 2026)
- From April 2023 onwards, the current ratio demonstrated increased volatility, ranging from a low of 3.39 in April 2025 to a high of 4.47 in October 2025. The ratio closed at 3.91 in January 2026. This suggests a period of dynamic changes in the company’s short-term financial position. While fluctuations were present, the ratio generally remained within a range indicating adequate, but not exceptional, liquidity.
Overall, the observed pattern suggests a company that has experienced shifts in its working capital management. The initial strong ratio indicates a conservative approach or rapid asset accumulation. The subsequent decline and stabilization suggest a more normalized operating environment, while the recent volatility may reflect strategic adjustments or external economic factors impacting short-term asset and liability levels.
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Quick Ratio
NVIDIA Corp., quick ratio calculation (quarterly data)
| Jan 25, 2026 | Oct 26, 2025 | Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Cash and cash equivalents | 10,605) | 11,486) | 11,639) | 15,234) | 8,589) | 9,107) | 8,563) | 7,587) | 7,280) | 5,519) | 5,783) | 5,079) | 3,389) | 2,800) | 3,013) | 3,887) | 1,990) | 1,288) | 5,628) | 978) | ||||||
| Marketable securities | 51,951) | 49,122) | 45,152) | 38,457) | 34,621) | 29,380) | 26,237) | 23,851) | 18,704) | 12,762) | 10,240) | 10,241) | 9,907) | 10,343) | 14,024) | 16,451) | 19,218) | 18,010) | 14,026) | 11,689) | ||||||
| Accounts receivable, net | 38,466) | 33,391) | 27,808) | 22,132) | 23,065) | 17,693) | 14,132) | 12,365) | 9,999) | 8,309) | 7,066) | 4,080) | 3,827) | 4,908) | 5,317) | 5,438) | 4,650) | 3,954) | 3,586) | 3,024) | ||||||
| Total quick assets | 101,022) | 93,999) | 84,599) | 75,823) | 66,275) | 56,180) | 48,932) | 43,803) | 35,983) | 26,590) | 23,089) | 19,400) | 17,123) | 18,051) | 22,354) | 25,776) | 25,858) | 23,252) | 23,240) | 15,691) | ||||||
| Current liabilities | 32,163) | 26,075) | 24,257) | 26,542) | 18,047) | 16,479) | 13,969) | 15,223) | 10,631) | 9,101) | 10,334) | 7,260) | 6,563) | 6,855) | 7,573) | 5,562) | 4,335) | 3,612) | 4,448) | 4,004) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Quick ratio1 | 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 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 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. | — | — | — | 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. | — | — | — | 1.74 | 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. | — | — | — | 1.34 | 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. | — | — | — | — | 1.31 | 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. | — | — | 1.83 | 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. | — | — | 1.56 | 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. | — | — | — | 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 | ||||||
| Qualcomm Inc. | — | — | — | 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. | — | — | — | — | 2.17 | 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-K (reporting date: 2026-01-25), 10-Q (reporting date: 2025-10-26), 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02).
1 Q4 2026 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 101,022 ÷ 32,163 = 3.14
2 Click competitor name to see calculations.
The quick ratio exhibited considerable fluctuation over the observed period. Initially, the ratio demonstrated a strong upward trend, peaking in late 2021, before entering a period of decline and stabilization, followed by renewed increases in recent quarters.
- Initial Increase (May 2021 – Oct 2021)
- The quick ratio increased significantly from 3.92 in May 2021 to a high of 6.44 in October 2021. This increase was driven by a faster growth rate in total quick assets compared to current liabilities. Total quick assets grew from US$15,691 million to US$23,252 million, while current liabilities increased from US$4,004 million to US$3,612 million during the same period.
- Decline and Stabilization (Nov 2021 – Jan 2023)
- Following the peak, the quick ratio experienced a decline, reaching 2.61 in January 2023. This was primarily due to a more substantial increase in current liabilities than in total quick assets. Current liabilities rose from US$3,612 million to US$6,563 million, while quick assets experienced more moderate growth, and even a decrease in some quarters. The ratio stabilized around the 2.6 range for several quarters during this period.
- Recent Increases (Feb 2023 – Apr 2024)
- From January 2023 through April 2024, the quick ratio showed a renewed upward trend, reaching 2.88. This was driven by a significant increase in total quick assets, which grew from US$17,123 million to US$43,803 million, outpacing the growth in current liabilities, which increased from US$6,563 million to US$15,223 million.
- Fluctuation and Current Position (May 2024 – Apr 2025)
- The ratio experienced some fluctuation in the following quarters, peaking at 3.67 in January 2025, before decreasing to 2.86 in April 2025. Total quick assets continued to grow, reaching US$75,823 million, while current liabilities also increased substantially, reaching US$26,542 million. The most recent value, as of April 2025, is 3.49, indicating a relatively healthy short-term liquidity position.
Overall, the quick ratio demonstrates a company capable of meeting its short-term obligations with its most liquid assets. The fluctuations suggest a dynamic balance between asset management and liability management, with recent trends indicating a strengthening liquidity position.
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Cash Ratio
NVIDIA Corp., cash ratio calculation (quarterly data)
| Jan 25, 2026 | Oct 26, 2025 | Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Cash and cash equivalents | 10,605) | 11,486) | 11,639) | 15,234) | 8,589) | 9,107) | 8,563) | 7,587) | 7,280) | 5,519) | 5,783) | 5,079) | 3,389) | 2,800) | 3,013) | 3,887) | 1,990) | 1,288) | 5,628) | 978) | ||||||
| Marketable securities | 51,951) | 49,122) | 45,152) | 38,457) | 34,621) | 29,380) | 26,237) | 23,851) | 18,704) | 12,762) | 10,240) | 10,241) | 9,907) | 10,343) | 14,024) | 16,451) | 19,218) | 18,010) | 14,026) | 11,689) | ||||||
| Total cash assets | 62,556) | 60,608) | 56,791) | 53,691) | 43,210) | 38,487) | 34,800) | 31,438) | 25,984) | 18,281) | 16,023) | 15,320) | 13,296) | 13,143) | 17,037) | 20,338) | 21,208) | 19,298) | 19,654) | 12,667) | ||||||
| Current liabilities | 32,163) | 26,075) | 24,257) | 26,542) | 18,047) | 16,479) | 13,969) | 15,223) | 10,631) | 9,101) | 10,334) | 7,260) | 6,563) | 6,855) | 7,573) | 5,562) | 4,335) | 3,612) | 4,448) | 4,004) | ||||||
| Liquidity Ratio | ||||||||||||||||||||||||||
| Cash ratio1 | 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 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 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. | — | — | — | 0.93 | 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. | — | — | — | 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. | — | — | — | 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. | — | — | — | — | 1.18 | 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. | — | — | 1.31 | 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. | — | — | 0.99 | 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. | — | — | — | 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 | ||||||
| Qualcomm Inc. | — | — | — | 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. | — | — | — | — | 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-K (reporting date: 2026-01-25), 10-Q (reporting date: 2025-10-26), 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02).
1 Q4 2026 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 62,556 ÷ 32,163 = 1.94
2 Click competitor name to see calculations.
The cash ratio, representing the ability to meet current liabilities with only cash and cash equivalents, exhibits fluctuations over the analyzed period. Initially, the ratio demonstrates a generally increasing trend, followed by a period of decline and subsequent stabilization with some volatility.
- Initial Increase (May 2, 2021 – Oct 31, 2021)
- The cash ratio increased from 3.16 to 5.34. This suggests a strengthening of the company’s immediate liquidity position during this timeframe, potentially due to increased cash inflows or a reduction in current liabilities. The peak of 5.34 indicates a substantial capacity to cover short-term obligations with available cash.
- Decline and Stabilization (Jan 30, 2022 – Oct 30, 2022)
- Following the peak, the cash ratio experienced a decline, reaching 1.92 by October 30, 2022. This decrease could be attributed to increased current liabilities, potentially related to operational expansion or financing activities, or a decrease in total cash assets. Despite this decline, the ratio remained above 1.90, indicating a continued, though diminished, ability to cover current liabilities with cash.
- Volatility and Recent Trends (Jan 29, 2023 – Jul 27, 2025)
- From January 29, 2023, the cash ratio displayed more volatility, fluctuating between 1.55 and 2.49. A notable increase to 2.49 occurred in April 2024, followed by a slight decrease. The ratio then stabilized around the 2.3 range through July 2025. This period suggests a dynamic liquidity management strategy, potentially responding to changing operational needs and market conditions. The ratio remained generally above 2.0, indicating a healthy short-term liquidity position.
- Latest Period (Oct 26, 2025 – Jan 25, 2026)
- The cash ratio decreased to 1.94 in October 2025 and further to 1.94 in January 2026. This recent decline warrants monitoring, as it represents the lowest point in the observed period. While still indicating a capacity to cover current liabilities, the reduced ratio suggests a potential weakening of the immediate liquidity buffer.
Overall, the cash ratio demonstrates a pattern of initial strengthening, followed by a period of decline and stabilization with recent volatility. The fluctuations suggest active liquidity management, but the recent downward trend requires continued observation to assess its potential implications for short-term financial health.
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