Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Texas Instruments Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
The liquidity profile exhibits a general trend of contraction from early 2022 through late 2025, followed by a notable recovery throughout 2026. Despite these fluctuations, all three liquidity metrics remain substantially above 1.0 throughout the analyzed period, indicating a consistently strong capacity to meet short-term obligations.
- Current Ratio
- The current ratio began at 5.54 in March 2022 and experienced a period of volatility, reaching a low of 4.12 by December 2023. A subsequent peak of 5.81 was observed in June 2024, followed by a decline to 4.35 in December 2025. The trend reversed in 2026, with the ratio climbing to 5.59 by September 2026, suggesting a cyclical pattern in short-term asset management.
- Quick Ratio
- A gradual downward trajectory is observed in the quick ratio, which decreased from 4.60 in March 2022 to a minimum of 2.17 in December 2025. A recovery phase in 2026 brought the ratio back to 3.57 by September. The consistent gap between the current ratio and the quick ratio indicates that a significant portion of current assets is held in inventory.
- Cash Ratio
- The cash ratio exhibits the most pronounced decline of the three metrics, falling from 3.89 in March 2022 to a low of 1.55 in December 2025. Although this reflects a reduction in immediate cash reserves relative to current liabilities, the ratio remained well above the 1.0 threshold at all times, ending the period at 2.70 in September 2026.
Overall, the data indicates a period of reduced liquidity between 2022 and 2025, potentially reflecting strategic capital deployment or increased short-term liabilities, followed by a strengthening of the liquid position in 2026.
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Current Ratio
Texas Instruments Inc., current ratio calculation (quarterly data)
| Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||
| Current assets | 16,880) | 15,757) | 13,796) | 13,750) | 13,876) | 14,484) | 13,086) | 15,026) | 15,872) | 16,789) | 17,448) | 15,122) | 15,097) | 15,514) | 15,023) | 14,021) | 13,772) | 13,043) | 14,010) | ||||||
| Current liabilities | 3,017) | 3,244) | 3,096) | 3,159) | 3,118) | 2,492) | 2,489) | 3,643) | 3,686) | 3,637) | 3,553) | 3,320) | 2,652) | 2,711) | 2,904) | 2,985) | 2,798) | 2,560) | 2,528) | ||||||
| Liquidity Ratio | |||||||||||||||||||||||||
| Current ratio1 | 5.59 | 4.86 | 4.46 | 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 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 2.61 | 2.72 | 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. | 1.25 | 1.75 | 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. | 2.42 | 2.51 | 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. | 2.50 | 2.24 | 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. | 2.21 | 1.60 | 2.31 | 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. | 3.03 | 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. | 2.54 | 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 | ||||||
| Marvell Technology Inc. | 2.01 | 1.88 | 1.30 | 1.54 | 1.60 | 1.79 | 1.80 | 1.69 | 1.58 | 1.03 | 1.05 | 1.37 | 1.31 | 1.35 | 1.67 | 1.80 | 1.81 | 1.76 | 1.63 | ||||||
| Micron Technology Inc. | 3.42 | 2.90 | 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 | ||||||
| NVIDIA Corp. | 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 | ||||||
| Qualcomm Inc. | 2.02 | 2.37 | 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 | ||||||
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q3 2026 Calculation
Current ratio = Current assets ÷ Current liabilities
= 16,880 ÷ 3,017 = 5.59
2 Click competitor name to see calculations.
The liquidity position remains exceptionally strong over the observed period from March 2022 to September 2026, characterized by a current ratio that consistently exceeds 4.0. This indicates a significant margin of safety in covering short-term obligations with current assets, although the ratio exhibits periodic volatility.
- Current Asset Trajectory
- Current assets demonstrated a fluctuating trend, initiating at 14,010 million USD in March 2022 and reaching a peak of 17,448 million USD in March 2024. A subsequent contraction was observed, with assets dipping to a period low of 13,086 million USD by March 2025. However, a recovery trend emerged in the final quarters, with assets increasing to 16,880 million USD by September 2026.
- Current Liability Patterns
- Short-term liabilities showed a gradual upward trend from 2,528 million USD in March 2022 to a peak of 3,686 million USD in September 2024. A sharp reduction occurred in March 2025, where liabilities fell to 2,489 million USD. Following this decline, liabilities stabilized, fluctuating between 3,017 million USD and 3,244 million USD through September 2026.
- Current Ratio Analysis
- The current ratio experienced several cycles of expansion and contraction. A peak of 5.81 was reached in June 2025, while the lowest point of 4.12 occurred in December 2024. The downward pressure on the ratio during late 2023 and 2024 coincided with the period of highest current liabilities. The ratio recovered strongly in the final reported period, ending at 5.59 in September 2026, suggesting an improvement in the short-term financial cushion.
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Quick Ratio
Texas Instruments Inc., quick ratio calculation (quarterly data)
| Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||
| Cash and cash equivalents | 4,211) | 3,660) | 3,549) | 3,225) | 3,311) | 3,044) | 2,763) | 3,200) | 2,589) | 2,740) | 2,483) | 2,964) | 2,566) | 3,439) | 4,477) | 3,050) | 3,169) | 3,802) | 3,505) | ||||||
| Short-term investments | 3,931) | 3,341) | 1,554) | 1,656) | 1,875) | 2,315) | 2,242) | 4,380) | 6,163) | 6,948) | 7,910) | 5,611) | 6,382) | 6,113) | 5,068) | 6,017) | 5,921) | 4,585) | 6,320) | ||||||
| Accounts receivable, net of allowances | 2,620) | 2,520) | 2,245) | 1,963) | 2,062) | 1,934) | 1,860) | 1,719) | 1,862) | 1,711) | 1,671) | 1,787) | 1,976) | 1,956) | 1,877) | 1,895) | 2,040) | 2,190) | 1,795) | ||||||
| Total quick assets | 10,762) | 9,521) | 7,348) | 6,844) | 7,248) | 7,293) | 6,865) | 9,299) | 10,614) | 11,399) | 12,064) | 10,362) | 10,924) | 11,508) | 11,422) | 10,962) | 11,130) | 10,577) | 11,620) | ||||||
| Current liabilities | 3,017) | 3,244) | 3,096) | 3,159) | 3,118) | 2,492) | 2,489) | 3,643) | 3,686) | 3,637) | 3,553) | 3,320) | 2,652) | 2,711) | 2,904) | 2,985) | 2,798) | 2,560) | 2,528) | ||||||
| Liquidity Ratio | |||||||||||||||||||||||||
| Quick ratio1 | 3.57 | 2.93 | 2.37 | 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 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 1.69 | 1.75 | 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. | 0.83 | 1.23 | 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. | 1.63 | 1.62 | 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. | 1.81 | 1.61 | 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. | 1.55 | 0.95 | 1.37 | 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. | 1.94 | 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. | 1.69 | 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 | ||||||
| Marvell Technology Inc. | 1.56 | 1.12 | 0.69 | 0.98 | 1.06 | 1.21 | 1.18 | 1.14 | 1.03 | 0.61 | 0.66 | 0.88 | 0.87 | 0.89 | 1.07 | 1.20 | 1.21 | 1.24 | 1.05 | ||||||
| Micron Technology Inc. | 2.93 | 2.23 | 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 | ||||||
| NVIDIA Corp. | 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 | ||||||
| Qualcomm Inc. | 1.14 | 1.45 | 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 | ||||||
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q3 2026 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 10,762 ÷ 3,017 = 3.57
2 Click competitor name to see calculations.
The liquidity profile demonstrates a period of overall contraction followed by a recovery phase. While the quick ratio remains well above 1.0 throughout the entire period, indicating a consistent ability to cover short-term obligations without relying on inventory, there is a noticeable downward trend that reaches its trough in late 2025 before rebounding in 2026.
- Quick Ratio Evolution
- The quick ratio decreased from a peak of 4.60 in March 2022 to a low of 2.17 in December 2025. A period of relative stability was observed between March 2023 and September 2023, where the ratio fluctuated between 3.93 and 4.24. A subsequent steady decline occurred through 2024 and most of 2025, after which a recovery trend emerged, with the ratio climbing back to 3.57 by September 2026.
- Quick Asset Dynamics
- Total quick assets remained relatively stable, ranging between $10.36 billion and $12.06 billion from March 2022 until December 2024. A significant contraction occurred in the first quarter of 2025, with assets falling to $6.86 billion. This reduced level persisted through December 2025, followed by a substantial recovery starting in early 2026 and reaching $10.76 billion by September 2026.
- Current Liabilities Trends
- Current liabilities exhibited a general upward trajectory from $2.52 billion in March 2022 to a peak of $3.68 billion in September 2024. A sharp, temporary reduction was recorded in March 2025, where liabilities dropped to $2.48 billion. Following this dip, liabilities stabilized and fluctuated within the $3.0 billion to $3.2 billion range throughout the remainder of the analyzed period.
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Cash Ratio
Texas Instruments Inc., cash ratio calculation (quarterly data)
| Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||
| Cash and cash equivalents | 4,211) | 3,660) | 3,549) | 3,225) | 3,311) | 3,044) | 2,763) | 3,200) | 2,589) | 2,740) | 2,483) | 2,964) | 2,566) | 3,439) | 4,477) | 3,050) | 3,169) | 3,802) | 3,505) | ||||||
| Short-term investments | 3,931) | 3,341) | 1,554) | 1,656) | 1,875) | 2,315) | 2,242) | 4,380) | 6,163) | 6,948) | 7,910) | 5,611) | 6,382) | 6,113) | 5,068) | 6,017) | 5,921) | 4,585) | 6,320) | ||||||
| Total cash assets | 8,142) | 7,001) | 5,103) | 4,881) | 5,186) | 5,359) | 5,005) | 7,580) | 8,752) | 9,688) | 10,393) | 8,575) | 8,948) | 9,552) | 9,545) | 9,067) | 9,090) | 8,387) | 9,825) | ||||||
| Current liabilities | 3,017) | 3,244) | 3,096) | 3,159) | 3,118) | 2,492) | 2,489) | 3,643) | 3,686) | 3,637) | 3,553) | 3,320) | 2,652) | 2,711) | 2,904) | 2,985) | 2,798) | 2,560) | 2,528) | ||||||
| Liquidity Ratio | |||||||||||||||||||||||||
| Cash ratio1 | 2.70 | 2.16 | 1.65 | 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 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 1.09 | 1.18 | 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. | 0.41 | 0.77 | 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. | 0.89 | 0.92 | 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. | 1.15 | 1.04 | 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. | 1.44 | 0.83 | 1.22 | 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. | 1.32 | 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. | 0.91 | 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 | ||||||
| Marvell Technology Inc. | 0.99 | 0.51 | 0.30 | 0.47 | 0.49 | 0.52 | 0.58 | 0.52 | 0.39 | 0.16 | 0.34 | 0.38 | 0.30 | 0.29 | 0.30 | 0.44 | 0.42 | 0.52 | 0.45 | ||||||
| Micron Technology Inc. | 1.34 | 1.02 | 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 | ||||||
| NVIDIA Corp. | 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 | ||||||
| Qualcomm Inc. | 0.73 | 1.00 | 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 | ||||||
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q3 2026 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 8,142 ÷ 3,017 = 2.70
2 Click competitor name to see calculations.
The cash ratio exhibited a general downward trajectory from March 2022 through December 2025, followed by a significant recovery throughout 2026. Despite this period of volatility, the ratio remained consistently above 1.0, indicating that the organization maintained sufficient cash and cash equivalents to cover all current liabilities throughout the entire analyzed period.
- Total Cash Asset Trends
- Cash assets remained relatively stable, fluctuating between $8.3 billion and $10.4 billion from March 2022 to June 2024. A marked decline began in the latter half of 2024, reaching a period low of $4.88 billion in December 2025. This downward trend reversed in 2026, with cash reserves climbing back to $8.14 billion by September 2026.
- Current Liabilities Analysis
- Short-term obligations showed a gradual increase from $2.53 billion in March 2022 to a peak of $3.69 billion in September 2024. A sharp reduction occurred in early 2025, where liabilities dropped to $2.49 billion, before returning to a stable range between $3.0 billion and $3.2 billion through the remainder of the period.
- Cash Ratio Interpretation
- The cash ratio started at a high of 3.89 in March 2022 and trended downward to a minimum of 1.55 by December 2025. This decline was primarily driven by the reduction in total cash assets during 2024 and 2025. The recovery to 2.70 by September 2026 is directly correlated with the rebuilding of cash assets while current liabilities remained relatively constant.
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