Axcelis Technologies Inc (ACLS)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 123,512 | 167,297 | 185,595 | 294,923 | 203,479 |
| Short-term investments | US$ in thousands | 447,831 | 338,851 | 246,571 | 0 | — |
| Total current liabilities | US$ in thousands | 207,522 | 285,129 | 248,132 | 150,140 | 84,431 |
| Cash ratio | 2.75 | 1.78 | 1.74 | 1.96 | 2.41 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($123,512K
+ $447,831K)
÷ $207,522K
= 2.75
The cash ratio for Axcelis Technologies Inc has exhibited fluctuations over the past five years. Starting at 2.41 on December 31, 2020, the ratio decreased to 1.96 on December 31, 2021, signaling a potential decline in the company's ability to cover its short-term liabilities solely with cash and cash equivalents. This trend continued with a further reduction to 1.74 on December 31, 2022.
However, there was a slight improvement in the cash ratio in the subsequent years, increasing to 1.78 on December 31, 2023. The most notable increase was observed in the latest year, December 31, 2024, reaching 2.75. This indicates that Axcelis Technologies Inc has improved its liquidity position in that year, potentially having more cash on hand to cover its short-term obligations.
Overall, fluctuations in the cash ratio suggest varying levels of liquidity management by the company over the years, and further analysis is recommended to understand the factors driving these changes and their impact on the overall financial health of Axcelis Technologies Inc.
Peer comparison
Dec 31, 2024