Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Qualcomm Inc. (NASDAQ:QCOM)

Analysis of Liquidity Ratios

Beginner level


Liquidity Ratios (Summary)

Qualcomm Inc., liquidity ratios

Microsoft Excel LibreOffice Calc
Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016 Sep 27, 2015 Sep 28, 2014
Current ratio 1.88 1.55 4.00 3.14 3.62 3.73
Quick ratio 1.65 1.33 3.75 2.85 3.16 3.32
Cash ratio 1.37 1.08 3.42 2.55 2.84 2.92

Based on: 10-K (filing date: 2019-11-06), 10-K (filing date: 2018-11-07), 10-K (filing date: 2017-11-01), 10-K (filing date: 2016-11-02), 10-K (filing date: 2015-11-04), 10-K (filing date: 2014-11-05).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Qualcomm Inc.’s current ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Qualcomm Inc.’s quick ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Qualcomm Inc.’s cash ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Current Ratio

Qualcomm Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016 Sep 27, 2015 Sep 28, 2014
Selected Financial Data (US$ in millions)
Current assets 16,765  17,384  43,593  22,981  22,099  22,413 
Current liabilities 8,935  11,236  10,907  7,311  6,100  6,013 
Liquidity Ratio
Current ratio1 1.88 1.55 4.00 3.14 3.62 3.73
Benchmarks
Current Ratio, Competitors2
Advanced Micro Devices Inc. 1.95 1.78 1.76 1.88 1.65
Analog Devices Inc. 1.32 1.50 1.47 6.35 3.66
Apple Inc. 1.54 1.12 1.28 1.35 1.11 1.08
Applied Materials Inc. 2.30 2.64 3.14 2.30 2.44 2.47
Broadcom Inc. 1.44 3.90 6.26 2.31 3.37 3.77
Cisco Systems Inc. 1.51 2.29 3.03 3.16 3.23
Intel Corp. 1.40 1.73 1.69 1.75 2.58
Lam Research Corp. 3.61 2.90 3.10 3.81 2.38
Micron Technology Inc. 2.58 2.79 2.34 1.96 2.20 2.13
NVIDIA Corp. 7.94 8.03 4.77 2.57 6.38
Texas Instruments Inc. 4.13 3.27 3.87 3.29 2.77
Current Ratio, Sector
Technology Hardware & Equipment 1.68 1.58 2.00 1.97 1.92
Current Ratio, Industry
Technology 2.04 2.17 2.39 2.36 2.30

Based on: 10-K (filing date: 2019-11-06), 10-K (filing date: 2018-11-07), 10-K (filing date: 2017-11-01), 10-K (filing date: 2016-11-02), 10-K (filing date: 2015-11-04), 10-K (filing date: 2014-11-05).

1 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 16,765 ÷ 8,935 = 1.88

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Qualcomm Inc.’s current ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Quick Ratio

Qualcomm Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016 Sep 27, 2015 Sep 28, 2014
Selected Financial Data (US$ in millions)
Cash and cash equivalents 11,839  11,777  35,029  5,946  7,560  7,907 
Marketable securities 421  311  2,279  12,702  9,761  9,658 
Accounts receivable, net 2,471  2,904  3,632  2,219  1,964  2,412 
Total quick assets 14,731  14,992  40,940  20,867  19,285  19,977 
 
Current liabilities 8,935  11,236  10,907  7,311  6,100  6,013 
Liquidity Ratio
Quick ratio1 1.65 1.33 3.75 2.85 3.16 3.32
Benchmarks
Quick Ratio, Competitors2
Advanced Micro Devices Inc. 1.43 1.21 1.07 1.17 0.94
Analog Devices Inc. 0.85 1.04 1.09 5.79 3.14
Apple Inc. 1.38 0.99 1.09 1.22 0.89 0.82
Applied Materials Inc. 1.38 1.62 2.34 1.66 1.77 1.71
Broadcom Inc. 1.21 3.26 5.40 1.71 2.54 2.35
Cisco Systems Inc. 1.39 2.11 2.92 3.05 2.97
Intel Corp. 0.93 1.11 1.13 1.07 1.92
Lam Research Corp. 2.90 2.26 2.62 3.34 1.96
Micron Technology Inc. 1.74 2.13 1.72 1.34 1.54 1.55
NVIDIA Corp. 6.66 7.26 4.26 2.36 5.69
Texas Instruments Inc. 3.04 2.20 2.55 2.10 1.72
Quick Ratio, Sector
Technology Hardware & Equipment 1.42 1.32 1.72 1.69 1.58
Quick Ratio, Industry
Technology 1.83 1.96 2.18 2.14 2.03

Based on: 10-K (filing date: 2019-11-06), 10-K (filing date: 2018-11-07), 10-K (filing date: 2017-11-01), 10-K (filing date: 2016-11-02), 10-K (filing date: 2015-11-04), 10-K (filing date: 2014-11-05).

1 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 14,731 ÷ 8,935 = 1.65

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Qualcomm Inc.’s quick ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Cash Ratio

Qualcomm Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016 Sep 27, 2015 Sep 28, 2014
Selected Financial Data (US$ in millions)
Cash and cash equivalents 11,839  11,777  35,029  5,946  7,560  7,907 
Marketable securities 421  311  2,279  12,702  9,761  9,658 
Total cash assets 12,260  12,088  37,308  18,648  17,321  17,565 
 
Current liabilities 8,935  11,236  10,907  7,311  6,100  6,013 
Liquidity Ratio
Cash ratio1 1.37 1.08 3.42 2.55 2.84 2.92
Benchmarks
Cash Ratio, Competitors2
Advanced Micro Devices Inc. 0.64 0.58 0.80 0.94 0.56
Analog Devices Inc. 0.43 0.58 0.66 5.18 2.72
Apple Inc. 0.95 0.57 0.74 0.85 0.52 0.40
Applied Materials Inc. 0.81 0.99 1.77 1.03 1.31 1.12
Broadcom Inc. 0.73 1.84 4.43 1.01 1.63 1.58
Cisco Systems Inc. 1.05 1.72 2.56 2.64 2.56
Intel Corp. 0.59 0.70 0.80 0.84 1.62
Lam Research Corp. 2.29 1.57 2.05 2.82 1.55
Micron Technology Inc. 1.24 1.18 1.02 0.91 0.90 0.94
NVIDIA Corp. 5.58 6.16 3.80 2.14 5.16
Texas Instruments Inc. 2.54 1.71 1.98 1.54 1.26
Cash Ratio, Sector
Technology Hardware & Equipment 1.00 0.88 1.34 1.32 1.19
Cash Ratio, Industry
Technology 1.38 1.47 1.74 1.69 1.57

Based on: 10-K (filing date: 2019-11-06), 10-K (filing date: 2018-11-07), 10-K (filing date: 2017-11-01), 10-K (filing date: 2016-11-02), 10-K (filing date: 2015-11-04), 10-K (filing date: 2014-11-05).

1 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 12,260 ÷ 8,935 = 1.37

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Qualcomm Inc.’s cash ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.