Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Qualcomm Inc., liquidity ratios
Based on: 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Qualcomm Inc. current ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Qualcomm Inc. quick ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Qualcomm Inc. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Current Ratio
Qualcomm Inc., current ratio calculation, comparison to benchmarks
| Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current assets | 22,464) | 20,724) | 20,075) | 18,519) | 16,765) | 17,384) | |
| Current liabilities | 9,628) | 11,866) | 11,951) | 8,672) | 8,935) | 11,236) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 2.33 | 1.75 | 1.68 | 2.14 | 1.88 | 1.55 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 2.51 | 2.36 | 2.02 | 2.54 | 1.95 | — | |
| Analog Devices Inc. | 1.37 | 2.02 | 1.94 | 1.84 | 1.32 | 1.50 | |
| Applied Materials Inc. | 2.60 | 2.16 | 2.54 | 3.00 | 2.30 | 2.64 | |
| Broadcom Inc. | 2.82 | 2.62 | 2.64 | 1.87 | 1.44 | 3.90 | |
| Intel Corp. | 1.54 | 1.57 | 2.10 | 1.91 | 1.40 | — | |
| KLA Corp. | 2.24 | 2.50 | 2.71 | 2.78 | 2.44 | 3.73 | |
| Lam Research Corp. | 3.16 | 2.69 | 3.30 | 3.43 | 3.61 | 2.90 | |
| Micron Technology Inc. | 4.46 | 2.89 | 3.10 | 2.71 | 2.58 | 2.79 | |
| NVIDIA Corp. | 3.52 | 6.65 | 4.09 | 7.67 | 7.94 | — | |
| ON Semiconductor Corp. | 2.71 | 2.78 | 2.45 | 1.90 | 1.66 | — | |
| Texas Instruments Inc. | 4.55 | 4.70 | 5.33 | 4.28 | 4.13 | — | |
| Current Ratio, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 2.45 | 2.35 | 2.47 | 2.45 | 2.03 | — | |
| Current Ratio, Industry | |||||||
| Information Technology | 1.46 | 1.44 | 1.64 | 1.85 | 1.77 | — | |
Based on: 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 22,464 ÷ 9,628 = 2.33
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. current ratio improved from 2021 to 2022 and from 2022 to 2023. |
Quick Ratio
Qualcomm Inc., quick ratio calculation, comparison to benchmarks
| Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 8,450) | 2,773) | 7,116) | 6,707) | 11,839) | 11,777) | |
| Marketable securities | 2,874) | 3,609) | 5,298) | 4,507) | 421) | 311) | |
| Accounts receivable, net | 3,183) | 5,643) | 3,579) | 4,003) | 2,471) | 2,904) | |
| Total quick assets | 14,507) | 12,025) | 15,993) | 15,217) | 14,731) | 14,992) | |
| Current liabilities | 9,628) | 11,866) | 11,951) | 8,672) | 8,935) | 11,236) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 1.51 | 1.01 | 1.34 | 1.75 | 1.65 | 1.33 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 1.67 | 1.57 | 1.49 | 1.81 | 1.43 | — | |
| Analog Devices Inc. | 0.76 | 1.34 | 1.24 | 1.31 | 0.85 | 1.04 | |
| Applied Materials Inc. | 1.63 | 1.17 | 1.64 | 1.95 | 1.38 | 1.62 | |
| Broadcom Inc. | 2.34 | 2.18 | 2.27 | 1.56 | 1.21 | 3.26 | |
| Intel Corp. | 1.01 | 1.01 | 1.38 | 1.24 | 0.93 | — | |
| KLA Corp. | 1.33 | 1.57 | 1.81 | 1.82 | 1.54 | 2.90 | |
| Lam Research Corp. | 1.96 | 1.75 | 2.48 | 2.78 | 2.90 | 2.26 | |
| Micron Technology Inc. | 2.53 | 1.92 | 2.17 | 1.82 | 1.74 | 2.13 | |
| NVIDIA Corp. | 2.61 | 5.96 | 3.56 | 7.04 | 6.66 | — | |
| ON Semiconductor Corp. | 1.57 | 1.82 | 1.40 | 1.05 | 0.88 | — | |
| Texas Instruments Inc. | 3.12 | 3.67 | 4.45 | 3.34 | 3.04 | — | |
| Quick Ratio, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 1.63 | 1.63 | 1.80 | 1.79 | 1.48 | — | |
| Quick Ratio, Industry | |||||||
| Information Technology | 1.17 | 1.15 | 1.38 | 1.60 | 1.55 | — | |
Based on: 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 14,507 ÷ 9,628 = 1.51
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. quick ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Cash Ratio
Qualcomm Inc., cash ratio calculation, comparison to benchmarks
| Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 8,450) | 2,773) | 7,116) | 6,707) | 11,839) | 11,777) | |
| Marketable securities | 2,874) | 3,609) | 5,298) | 4,507) | 421) | 311) | |
| Total cash assets | 11,324) | 6,382) | 12,414) | 11,214) | 12,260) | 12,088) | |
| Current liabilities | 9,628) | 11,866) | 11,951) | 8,672) | 8,935) | 11,236) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 1.18 | 0.54 | 1.04 | 1.29 | 1.37 | 1.08 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 0.86 | 0.92 | 0.85 | 0.95 | 0.64 | — | |
| Analog Devices Inc. | 0.30 | 0.60 | 0.71 | 0.77 | 0.43 | 0.58 | |
| Applied Materials Inc. | 0.93 | 0.35 | 0.86 | 1.29 | 0.81 | 0.99 | |
| Broadcom Inc. | 1.92 | 1.76 | 1.94 | 1.20 | 0.73 | 1.84 | |
| Intel Corp. | 0.89 | 0.88 | 1.03 | 0.97 | 0.59 | — | |
| KLA Corp. | 0.87 | 0.94 | 1.19 | 1.17 | 0.98 | 2.36 | |
| Lam Research Corp. | 1.28 | 0.80 | 1.62 | 2.12 | 2.29 | 1.57 | |
| Micron Technology Inc. | 2.01 | 1.24 | 1.34 | 1.23 | 1.24 | 1.18 | |
| NVIDIA Corp. | 2.03 | 4.89 | 2.95 | 6.11 | 5.58 | — | |
| ON Semiconductor Corp. | 1.14 | 1.42 | 0.88 | 0.65 | 0.49 | — | |
| Texas Instruments Inc. | 2.58 | 3.04 | 3.79 | 2.75 | 2.54 | — | |
| Cash Ratio, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 1.23 | 1.16 | 1.31 | 1.33 | 1.04 | — | |
| Cash Ratio, Industry | |||||||
| Information Technology | 0.75 | 0.72 | 0.96 | 1.19 | 1.11 | — | |
Based on: 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 11,324 ÷ 9,628 = 1.18
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. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |