Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Super Micro Computer Inc., liquidity ratios (quarterly data)
Based on: 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).
The analysis of liquidity ratios over the periods presented reveals notable trends in the company's short-term financial health and its ability to meet current obligations.
- Current Ratio
- The current ratio shows some fluctuations but generally remains above 1.7 until the end of 2023, indicating a consistent ability to cover short-term liabilities with current assets. From 2019 through mid-2022, the ratio oscillates between approximately 1.79 and 2.51, suggesting moderate stability. A significant improvement occurs starting at the end of 2023, with ratios increasing sharply from 2.43 in June 2023 to a peak of 6.66 by the end of 2024, and maintaining elevated levels thereafter. This indicates a marked increase in current assets relative to current liabilities, potentially signaling improved liquidity or accumulation of current assets.
- Quick Ratio
- The quick ratio, which excludes inventories, shows a more conservative liquidity position. It starts near 1.0 in 2019 and decreases gradually to lows around 0.62 through late 2021 and early 2022, suggesting a tighter liquid asset position during this period. From late 2022 onward, the quick ratio rises again, notably surpassing 1.0 intermittently, and then surges significantly after mid-2023, peaking at 3.63 by the end of 2024 and holding above 3.0 subsequently. This pattern reflects an increase in highly liquid assets relative to current liabilities, enhancing the company's preparedness for immediate obligations.
- Cash Ratio
- The cash ratio remains below 0.5 until mid-2023, indicating relatively modest cash and cash equivalents compared to current liabilities. There is a noticeable dip to as low as 0.17–0.18 around 2022, reflecting tighter immediate liquidity. Starting from mid-2023, the cash ratio improves significantly, reaching 1.78 by the end of 2024 and continuing to increase to 2.2 by mid-2025. This upward trend suggests a strategic accumulation of cash and cash equivalents, providing greater flexibility to meet immediate financial obligations without depending on inventory liquidation or receivables.
Overall, the company's liquidity has strengthened markedly since mid-2023, as evidenced by all three ratios rising considerably. Prior to this period, the liquidity measures indicate more moderate to low coverage of short-term liabilities, with the quick and cash ratios often below 1. The recent improvement may reflect changes in asset management, funding strategies, or operational cash flows that have substantially increased the company's liquid asset base.
Current Ratio
Super Micro Computer Inc., current ratio calculation (quarterly data)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||
| Current assets | 12,301,654) | 9,513,589) | 8,667,070) | 9,851,584) | 8,931,960) | 8,063,932) | 4,842,355) | 3,570,834) | 3,179,426) | 2,715,175) | 2,649,503) | 2,879,880) | 2,806,315) | 2,678,715) | 2,293,288) | 2,036,955) | 1,867,259) | 1,639,650) | 1,544,273) | 1,479,521) | 1,592,761) | 1,648,359) | 1,520,695) | 1,420,331) | |||||||
| Current liabilities | 2,344,792) | 1,428,136) | 1,357,810) | 2,871,101) | 2,345,721) | 1,717,695) | 1,992,089) | 1,604,821) | 1,374,652) | 1,092,380) | 916,940) | 1,353,355) | 1,470,024) | 1,496,155) | 1,199,579) | 1,101,479) | 968,896) | 781,996) | 672,971) | 589,688) | 707,635) | 784,823) | 671,740) | 588,412) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||
| Current ratio1 | 5.25 | 6.66 | 6.38 | 3.43 | 3.81 | 4.69 | 2.43 | 2.23 | 2.31 | 2.49 | 2.89 | 2.13 | 1.91 | 1.79 | 1.91 | 1.85 | 1.93 | 2.10 | 2.29 | 2.51 | 2.25 | 2.10 | 2.26 | 2.41 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||||
| Apple Inc. | — | 0.87 | 0.82 | 0.92 | 0.87 | 0.95 | 1.04 | 1.07 | 0.99 | 0.98 | 0.94 | 0.94 | 0.88 | 0.86 | 0.93 | 1.04 | 1.07 | 1.06 | 1.14 | 1.16 | 1.36 | 1.47 | 1.50 | 1.60 | |||||||
| Arista Networks Inc. | — | — | 3.33 | 3.93 | 4.36 | 4.47 | 4.55 | 5.01 | 4.39 | 4.15 | 4.14 | 3.96 | 4.29 | 4.01 | 3.70 | 3.73 | 4.34 | 5.06 | 5.03 | 5.09 | 4.99 | 5.50 | 5.59 | 5.82 | |||||||
| Cisco Systems Inc. | — | 0.95 | 0.87 | 0.88 | 0.91 | 0.89 | 1.37 | 1.47 | 1.38 | 1.39 | 1.41 | 1.45 | 1.43 | 1.49 | 1.42 | 1.62 | 1.49 | 1.53 | 1.61 | 1.59 | 1.72 | 1.59 | 1.81 | 1.70 | |||||||
| Dell Technologies Inc. | 0.78 | 0.77 | 0.72 | 0.73 | 0.74 | 0.76 | 0.77 | 0.80 | 0.82 | 0.75 | 0.77 | 0.78 | 0.80 | 0.82 | 0.79 | 0.77 | 0.80 | 0.77 | 0.76 | 0.82 | 0.70 | 0.71 | 0.75 | 0.77 | |||||||
Based on: 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).
1 Q4 2025 Calculation
Current ratio = Current assets ÷ Current liabilities
= 12,301,654 ÷ 2,344,792 = 5.25
2 Click competitor name to see calculations.
The analysis of the quarterly financial data reveals significant trends in the liquidity position over the presented periods.
- Current Assets
- Current assets generally display an upward trend with fluctuations. Starting from approximately 1.42 billion US dollars in September 2019, current assets increased steadily over the years, reaching a peak exceeding 12.3 billion US dollars by June 2025. There are notable surges around late 2023 and early 2024, indicating sizable growth in liquid resources available to the company during these periods.
- Current Liabilities
- Current liabilities also increased over time but with more volatility. Beginning at about 588 million US dollars in September 2019, current liabilities grew, peaking at nearly 2.87 billion US dollars around September 2024 before declining sharply to approximately 1.36 billion US dollars by June 2025. This volatility suggests periods of increased short-term obligations followed by substantial reductions.
- Current Ratio
- The current ratio demonstrates variability reflective of the movements in assets and liabilities. From a high of 2.41 in September 2019, it declined below 2.0 during much of 2021 and early 2022, implying reduced short-term liquidity in that timeframe. A clear improvement is observed starting late 2022; the ratio climbs to a peak of 6.66 by March 2025, indicating a strong liquidity position with current assets substantially exceeding current liabilities. A slight decrease occurs by June 2025 but remains elevated above 5.0, underscoring sustained liquidity strength.
In summary, the company's liquidity improved markedly over the analyzed periods, especially in the last two years, driven primarily by significant growth in current assets. The fluctuations in current liabilities suggest periods of varying short-term financial obligations, but the overall trend in the current ratio points to enhanced capability to cover short-term liabilities with current assets. This trend could reflect strategic management of working capital and a strengthening financial position over time.
Quick Ratio
Super Micro Computer Inc., quick ratio calculation (quarterly data)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||
| Cash and cash equivalents | 5,169,911) | 2,536,101) | 1,430,002) | 2,088,718) | 1,669,766) | 2,115,476) | 725,660) | 543,156) | 440,459) | 362,801) | 304,595) | 238,268) | 267,397) | 247,424) | 247,407) | 270,047) | 232,266) | 177,894) | 315,610) | 300,089) | 210,533) | 300,859) | 309,038) | 239,300) | |||||||
| Accounts receivable, net of allowance for credit losses | 2,203,942) | 2,642,556) | 3,059,510) | 2,731,740) | 2,737,331) | 1,650,153) | 1,502,971) | 845,729) | 1,148,259) | 672,055) | 768,167) | 736,312) | 834,513) | 679,785) | 497,431) | 458,076) | 463,834) | 407,365) | 323,021) | 322,845) | 403,745) | 333,172) | 360,172) | 356,230) | |||||||
| Total quick assets | 7,373,853) | 5,178,657) | 4,489,512) | 4,820,458) | 4,407,097) | 3,765,629) | 2,228,631) | 1,388,885) | 1,588,718) | 1,034,856) | 1,072,762) | 974,580) | 1,101,910) | 927,209) | 744,838) | 728,123) | 696,100) | 585,259) | 638,631) | 622,934) | 614,278) | 634,031) | 669,210) | 595,530) | |||||||
| Current liabilities | 2,344,792) | 1,428,136) | 1,357,810) | 2,871,101) | 2,345,721) | 1,717,695) | 1,992,089) | 1,604,821) | 1,374,652) | 1,092,380) | 916,940) | 1,353,355) | 1,470,024) | 1,496,155) | 1,199,579) | 1,101,479) | 968,896) | 781,996) | 672,971) | 589,688) | 707,635) | 784,823) | 671,740) | 588,412) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||
| Quick ratio1 | 3.14 | 3.63 | 3.31 | 1.68 | 1.88 | 2.19 | 1.12 | 0.87 | 1.16 | 0.95 | 1.17 | 0.72 | 0.75 | 0.62 | 0.62 | 0.66 | 0.72 | 0.75 | 0.95 | 1.06 | 0.87 | 0.81 | 1.00 | 1.01 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||||
| Apple Inc. | — | 0.72 | 0.68 | 0.78 | 0.75 | 0.80 | 0.87 | 0.92 | 0.84 | 0.81 | 0.76 | 0.77 | 0.71 | 0.70 | 0.76 | 0.88 | 0.91 | 0.89 | 0.97 | 1.02 | 1.22 | 1.31 | 1.30 | 1.44 | |||||||
| Arista Networks Inc. | — | — | 2.58 | 3.07 | 3.46 | 3.52 | 3.47 | 3.67 | 3.16 | 2.86 | 2.73 | 2.65 | 3.05 | 2.89 | 2.73 | 2.97 | 3.54 | 4.23 | 4.24 | 4.33 | 4.25 | 4.73 | 4.94 | 5.22 | |||||||
| Cisco Systems Inc. | — | 0.69 | 0.64 | 0.65 | 0.69 | 0.68 | 1.10 | 1.18 | 1.13 | 1.11 | 1.13 | 1.16 | 1.16 | 1.23 | 1.20 | 1.41 | 1.32 | 1.35 | 1.46 | 1.45 | 1.58 | 1.46 | 1.64 | 1.54 | |||||||
| Dell Technologies Inc. | 0.41 | 0.43 | 0.40 | 0.40 | 0.44 | 0.47 | 0.47 | 0.48 | 0.52 | 0.41 | 0.44 | 0.44 | 0.49 | 0.60 | 0.53 | 0.55 | 0.59 | 0.55 | 0.51 | 0.56 | 0.51 | 0.50 | 0.54 | 0.55 | |||||||
Based on: 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).
1 Q4 2025 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 7,373,853 ÷ 2,344,792 = 3.14
2 Click competitor name to see calculations.
The financial data reveals fluctuations in the company's liquidity and current liabilities over the analyzed periods. The total quick assets and current liabilities demonstrate varying trends that impact the quick ratio, reflecting the company's ability to meet short-term obligations.
- Total Quick Assets
-
There is a general upward trend in total quick assets from September 30, 2019 (US$595.5 million) to June 30, 2025 (US$7.37 billion). The growth is marked by significant increases particularly after December 31, 2021, with the total quick assets rising from approximately US$744.8 million to over US$7.37 billion six years later. Notable surges appear between June 30, 2023 (US$1.59 billion) and June 30, 2025, indicating enhanced short-term asset accumulation.
- Current Liabilities
-
Current liabilities exhibit an overall increasing trajectory from US$588.4 million as of September 30, 2019, reaching a peak of approximately US$2.87 billion by September 30, 2024. However, this is followed by a decline to about US$1.36 billion by December 31, 2024, before rising again to approximately US$2.34 billion in June 30, 2025. The volatile movement, especially the reduction in late 2024, may suggest settlement of obligations or changes in short-term debt management.
- Quick Ratio
-
The quick ratio shows considerable variation over the analyzed periods. Initially near or just above 1.0 (indicating just sufficient quick assets to cover current liabilities), it declines during 2020 and 2021, reaching lows around 0.62 to 0.66, suggesting tight liquidity during that phase. Starting from late 2022 and through 2023, the quick ratio improves significantly, exceeding 1.0 consistently and even surpassing 3.0 in late 2024 and early 2025. This substantial improvement reflects a stronger liquidity position, with quick assets greatly exceeding current liabilities in the recent periods.
- Insights and Interpretations
-
The data indicates a recovery and strengthening of liquidity following a downturn period around 2020 and 2021. The marked increase in quick assets alongside a more controlled level of current liabilities underpins the growing quick ratio, signifying an enhanced ability to cover short-term debts without relying on inventory sales. These shifts may be linked to operational changes, capital management strategies, or external market factors.
Periods of rapid growth in quick assets, notably throughout 2023 and 2024, correspond with improved liquidity ratios, while movements in current liabilities suggest active management of short-term obligations. The trends highlight a focus on maintaining or improving financial resilience in later periods compared to earlier years under review.
Cash Ratio
Super Micro Computer Inc., cash ratio calculation (quarterly data)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||
| Cash and cash equivalents | 5,169,911) | 2,536,101) | 1,430,002) | 2,088,718) | 1,669,766) | 2,115,476) | 725,660) | 543,156) | 440,459) | 362,801) | 304,595) | 238,268) | 267,397) | 247,424) | 247,407) | 270,047) | 232,266) | 177,894) | 315,610) | 300,089) | 210,533) | 300,859) | 309,038) | 239,300) | |||||||
| Total cash assets | 5,169,911) | 2,536,101) | 1,430,002) | 2,088,718) | 1,669,766) | 2,115,476) | 725,660) | 543,156) | 440,459) | 362,801) | 304,595) | 238,268) | 267,397) | 247,424) | 247,407) | 270,047) | 232,266) | 177,894) | 315,610) | 300,089) | 210,533) | 300,859) | 309,038) | 239,300) | |||||||
| Current liabilities | 2,344,792) | 1,428,136) | 1,357,810) | 2,871,101) | 2,345,721) | 1,717,695) | 1,992,089) | 1,604,821) | 1,374,652) | 1,092,380) | 916,940) | 1,353,355) | 1,470,024) | 1,496,155) | 1,199,579) | 1,101,479) | 968,896) | 781,996) | 672,971) | 589,688) | 707,635) | 784,823) | 671,740) | 588,412) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||||
| Cash ratio1 | 2.20 | 1.78 | 1.05 | 0.73 | 0.71 | 1.23 | 0.36 | 0.34 | 0.32 | 0.33 | 0.33 | 0.18 | 0.18 | 0.17 | 0.21 | 0.25 | 0.24 | 0.23 | 0.47 | 0.51 | 0.30 | 0.38 | 0.46 | 0.41 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||||
| Apple Inc. | — | 0.39 | 0.34 | 0.37 | 0.37 | 0.47 | 0.54 | 0.55 | 0.42 | 0.50 | 0.47 | 0.37 | 0.31 | 0.37 | 0.40 | 0.43 | 0.50 | 0.57 | 0.66 | 0.58 | 0.86 | 0.98 | 0.98 | 1.05 | |||||||
| Arista Networks Inc. | — | — | 2.18 | 2.61 | 3.04 | 3.05 | 2.90 | 3.06 | 2.62 | 2.41 | 2.26 | 2.10 | 2.34 | 2.37 | 2.27 | 2.50 | 3.07 | 3.79 | 3.82 | 3.85 | 3.74 | 4.28 | 4.35 | 4.60 | |||||||
| Cisco Systems Inc. | — | 0.45 | 0.42 | 0.46 | 0.44 | 0.47 | 0.83 | 0.87 | 0.84 | 0.81 | 0.81 | 0.79 | 0.75 | 0.83 | 0.81 | 1.00 | 0.93 | 0.97 | 1.12 | 1.11 | 1.16 | 1.10 | 1.23 | 1.14 | |||||||
| Dell Technologies Inc. | 0.08 | 0.11 | 0.09 | 0.12 | 0.15 | 0.17 | 0.16 | 0.16 | 0.17 | 0.09 | 0.10 | 0.13 | 0.17 | 0.32 | 0.21 | 0.26 | 0.26 | 0.22 | 0.21 | 0.24 | 0.18 | 0.17 | 0.20 | 0.21 | |||||||
Based on: 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).
1 Q4 2025 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 5,169,911 ÷ 2,344,792 = 2.20
2 Click competitor name to see calculations.
The data indicates significant fluctuations in total cash assets over the reported periods. Initially, cash assets increased from approximately 239 million to 315 million (Sep 2019 to Dec 2020), followed by a considerable decline to around 178 million by Mar 2021. Subsequently, there was a steady upward trend, with cash assets reaching a peak exceeding 5.1 billion by Jun 2025. This suggests notable cash accumulation strategies or inflows in the latter periods.
Current liabilities reflect a different pattern, with high variability and an overall increasing trend across the timeline. Starting near 588 million in Sep 2019, liabilities rose sharply to about 1.5 billion by Mar 2022, then decreased significantly to approximately 916 million in Dec 2022. From then onwards, liabilities again climbed steeply, surpassing 2.8 billion by Dec 2024, before showing some fluctuations near 2.3 billion in mid-2025. The rising liabilities could denote increased operational or financing activities.
The cash ratio experiences pronounced volatility, reflecting the interaction between cash assets and current liabilities. Initially above 0.4, it dropped to a low of 0.17 by Mar 2022, indicating reduced short-term liquidity relative to current liabilities. However, after Dec 2022, the ratio improved markedly, reaching well above 2.0 by Jun 2025, signaling a strong liquidity position with cash assets exceeding current liabilities by a substantial margin in the later periods.
- Total Cash Assets
- Demonstrated an initial rise followed by a mid-cycle decline and a significant surge in the final years, implying strong cash inflows or asset management.
- Current Liabilities
- Displayed overall growth with notable spikes and declines, suggesting fluctuating short-term obligations possibly tied to operational expansion or financing activities.
- Cash Ratio
- Varied substantially, dropping to lows indicative of liquidity pressures, then improving dramatically to levels reflecting enhanced ability to meet short-term liabilities solely with cash.
Overall, the financial position reveals increasing cash reserves outpacing current liabilities in the latter reporting periods, enhancing short-term financial stability. The earlier periods showed tighter liquidity, which may imply strategic shifts or market conditions influencing operational financing and cash management approaches.