Advanced Energy Industries Inc (AEIS)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 722,086 | 1,044,560 | 458,818 | 544,372 | 480,368 |
| Short-term investments | US$ in thousands | — | 163 | 2,128 | 2,296 | 2,654 |
| Total current liabilities | US$ in thousands | 314,222 | 335,848 | 393,043 | 370,217 | 297,371 |
| Cash ratio | 2.30 | 3.11 | 1.17 | 1.48 | 1.62 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($722,086K
+ $—K)
÷ $314,222K
= 2.30
The cash ratio for Advanced Energy Industries Inc has shown fluctuations over the past five years. Starting at 1.62 on December 31, 2020, it decreased to 1.48 by December 31, 2021. The ratio further dropped to 1.17 by December 31, 2022. However, there was a significant increase in the cash ratio to 3.11 by December 31, 2023, indicating a substantial improvement in the company's ability to cover its short-term obligations with its cash reserves. By December 31, 2024, the cash ratio slightly decreased to 2.30, still reflecting a healthy level of liquidity. Overall, the trend in the cash ratio suggests that Advanced Energy Industries Inc has maintained a relatively strong liquidity position over the years, with sufficient cash to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024