ADEIA CORP (ADEA)

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
Cash	US$ in thousands	78,825	60,698	66,454	58,024	54,560	51,855	60,470	82,429	114,555	271,092	275,319	214,095	80,428	165,438	128,960	134,759
Short-term investments	US$ in thousands	35,889	35,655	32,197	35,106	34,790	34,303	28,174	3,923	4,107	6,856	14,444	58,658	72,906	76,442	77,336	107,194
Receivables	US$ in thousands	138,192	145,541	114,922	109,109	114,570	127,534	105,115	114,881	132,234	236,223	250,683	221,981	221,360	238,659	279,459	271,088
Total current liabilities	US$ in thousands	73,106	71,498	73,223	92,604	102,038	81,912	86,111	98,558	166,712	225,395	210,899	196,440	189,747	208,623	179,890	187,892
Quick ratio		3.46	3.38	2.92	2.18	2.00	2.61	2.25	2.04	1.50	2.28	2.56	2.52	1.97	2.30	2.70	2.73

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($78,825K + $35,889K + $138,192K) ÷ $73,106K
= 3.46

ADEIA CORP's quick ratio has shown fluctuating trends over the years, indicating its ability to meet short-term obligations. The quick ratio was relatively stable around 2.5 in 2022 and 2023, reflecting a strong liquidity position. However, there was a significant decrease in the quick ratio to 1.50 by the end of 2022, which might suggest a potential liquidity issue or difficulty in meeting short-term obligations.

In the following years, the quick ratio improved steadily, reaching 3.46 by the end of 2024. This significant increase indicates a healthier liquidity position and a better ability to cover short-term liabilities with liquid assets. Overall, while there were fluctuations, ADEIA CORP has shown improvements in its quick ratio over the years, signaling a strengthening liquidity position.