Axcelis Technologies Inc (ACLS)
Cash ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 123,512 | 120,066 | 145,166 | 133,963 | 167,297 | 142,300 | 132,504 | 164,479 | 185,595 | 308,552 | 287,167 | 297,141 | 294,923 | 271,085 | 219,731 | 206,766 | 203,479 | 211,967 | 190,340 | 174,745 |
| Short-term investments | US$ in thousands | 447,831 | 459,341 | 403,143 | 396,228 | 338,851 | 318,710 | 320,360 | 280,220 | 246,571 | 33,576 | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 207,522 | 252,264 | 244,179 | 276,568 | 285,129 | 261,178 | 248,460 | 267,942 | 248,132 | 207,856 | 152,970 | 147,497 | 150,140 | 137,195 | 106,474 | 83,878 | 84,431 | 69,383 | 86,759 | 75,373 |
| Cash ratio | 2.75 | 2.30 | 2.25 | 1.92 | 1.78 | 1.77 | 1.82 | 1.66 | 1.74 | 1.65 | 1.88 | 2.01 | 1.96 | 1.98 | 2.06 | 2.47 | 2.41 | 3.06 | 2.19 | 2.32 |
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 of Axcelis Technologies Inc has shown some fluctuations over the years, ranging from a low of 1.65 on September 30, 2022, to a high of 3.06 on September 30, 2020. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that the company has a stronger ability to cover its short-term obligations with its readily available cash.
It is noted that the cash ratio has generally been above 1, which implies that the company has had sufficient cash on hand to cover its short-term debts. However, the downward trend in the cash ratio from 2020 to 2024 might indicate a decrease in the company's ability to cover its short-term liabilities with its cash holdings. This trend warrants further investigation to understand the reasons behind the decline in the cash ratio and assess the company's liquidity position.
Overall, while the cash ratio of Axcelis Technologies Inc has fluctuated over the years, it is essential for the company to maintain a healthy level of cash reserves to ensure its ability to meet short-term obligations and manage liquidity effectively.
Peer comparison
Dec 31, 2024