Axcelis Technologies Inc (ACLS)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($123,512K
+ $447,831K
+ $—K)
÷ $207,522K
= 2.75
The quick ratio of Axcelis Technologies Inc has shown some fluctuations over the periods provided. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
From March 31, 2020, to June 30, 2020, the quick ratio decreased slightly from 2.32 to 2.19 but remained above 2, indicating a strong ability to meet short-term obligations. Subsequently, the ratio increased significantly to 3.06 as of September 30, 2020, reflecting a further improvement in liquidity.
However, from December 31, 2020, to September 30, 2021, the quick ratio experienced a decline from 2.41 to 1.98. This drop below 2 may raise concerns about the company's short-term liquidity position.
The quick ratio then fluctuated between 1.96 and 2.30 from March 31, 2021, to September 30, 2024, showing some variability in the short-term liquidity management of Axcelis Technologies Inc.
Overall, while the company maintained a quick ratio above 1 throughout the period, the fluctuations observed suggest a need for continued monitoring of its liquidity position and management of current liabilities to ensure it remains capable of meeting its short-term obligations comfortably.
Peer comparison
Dec 31, 2024