Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Super Micro Computer Inc., liquidity ratios
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Super Micro Computer Inc. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Super Micro Computer Inc. quick ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Super Micro Computer Inc. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Current Ratio
Super Micro Computer Inc., current ratio calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current assets | 3,179,426) | 2,806,315) | 1,867,259) | 1,592,761) | 1,421,771) | 1,530,878) | |
| Current liabilities | 1,374,652) | 1,470,024) | 968,896) | 707,635) | 605,969) | 811,557) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 2.31 | 1.91 | 1.93 | 2.25 | 2.35 | 1.89 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Apple Inc. | 0.99 | 0.88 | 1.07 | 1.36 | 1.54 | 1.12 | |
| Arista Networks Inc. | — | 4.29 | 4.34 | 4.99 | 5.81 | 4.48 | |
| Cisco Systems Inc. | 1.38 | 1.43 | 1.49 | 1.72 | 1.51 | 2.29 | |
| Enphase Energy Inc. | — | 3.55 | 3.33 | 1.75 | 2.51 | 1.51 | |
| Current Ratio, Sector | |||||||
| Technology Hardware & Equipment | — | 1.00 | 1.18 | 1.46 | 1.56 | 1.36 | |
| Current Ratio, Industry | |||||||
| Information Technology | — | 1.44 | 1.64 | 1.85 | 1.77 | 1.88 | |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,179,426 ÷ 1,374,652 = 2.31
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. | Super Micro Computer Inc. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Quick Ratio
Super Micro Computer Inc., quick ratio calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 440,459) | 267,397) | 232,266) | 210,533) | 248,164) | 115,377) | |
| Accounts receivable, net of allowance for credit losses | 1,148,259) | 834,513) | 463,834) | 403,745) | 393,624) | 451,393) | |
| Total quick assets | 1,588,718) | 1,101,910) | 696,100) | 614,278) | 641,788) | 566,770) | |
| Current liabilities | 1,374,652) | 1,470,024) | 968,896) | 707,635) | 605,969) | 811,557) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 1.16 | 0.75 | 0.72 | 0.87 | 1.06 | 0.70 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Apple Inc. | 0.84 | 0.71 | 0.91 | 1.22 | 1.38 | 0.99 | |
| Arista Networks Inc. | — | 3.05 | 3.54 | 4.25 | 5.22 | 3.77 | |
| Cisco Systems Inc. | 1.13 | 1.16 | 1.32 | 1.58 | 1.39 | 2.11 | |
| Enphase Energy Inc. | — | 3.22 | 3.07 | 1.61 | 2.22 | 1.26 | |
| Quick Ratio, Sector | |||||||
| Technology Hardware & Equipment | — | 0.80 | 1.00 | 1.30 | 1.40 | 1.21 | |
| Quick Ratio, Industry | |||||||
| Information Technology | — | 1.15 | 1.38 | 1.60 | 1.54 | 1.66 | |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,588,718 ÷ 1,374,652 = 1.16
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. | Super Micro Computer Inc. quick ratio improved from 2021 to 2022 and from 2022 to 2023. |
Cash Ratio
Super Micro Computer Inc., cash ratio calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 440,459) | 267,397) | 232,266) | 210,533) | 248,164) | 115,377) | |
| Total cash assets | 440,459) | 267,397) | 232,266) | 210,533) | 248,164) | 115,377) | |
| Current liabilities | 1,374,652) | 1,470,024) | 968,896) | 707,635) | 605,969) | 811,557) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 0.32 | 0.18 | 0.24 | 0.30 | 0.41 | 0.14 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Apple Inc. | 0.42 | 0.31 | 0.50 | 0.86 | 0.95 | 0.57 | |
| Arista Networks Inc. | — | 2.34 | 3.07 | 3.74 | 4.56 | 3.23 | |
| Cisco Systems Inc. | 0.84 | 0.75 | 0.93 | 1.16 | 1.05 | 1.72 | |
| Enphase Energy Inc. | — | 2.53 | 2.31 | 1.27 | 1.49 | 0.72 | |
| Cash Ratio, Sector | |||||||
| Technology Hardware & Equipment | — | 0.40 | 0.60 | 0.94 | 0.99 | 0.79 | |
| Cash Ratio, Industry | |||||||
| Information Technology | — | 0.72 | 0.96 | 1.19 | 1.11 | 1.18 | |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 440,459 ÷ 1,374,652 = 0.32
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. | Super Micro Computer Inc. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |