Advanced Energy Industries Inc (AEIS)
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 | 722,086 | 657,288 | 985,964 | 1,017,600 | 1,044,560 | 985,931 | 455,252 | 461,665 | 458,818 | 409,053 | 372,685 | 521,236 | 544,372 | 547,923 | 507,176 | 509,910 | 480,368 | 428,977 | 380,637 | 352,540 |
| Short-term investments | US$ in thousands | — | 157 | 184 | 177 | 163 | 155 | 175 | 164 | 2,128 | 2,120 | — | 2,282 | 2,296 | 2,833 | 2,828 | 2,854 | 2,654 | 2,601 | 2,729 | 2,490 |
| Total current liabilities | US$ in thousands | 314,222 | 291,508 | 306,837 | 297,992 | 335,848 | 314,812 | 303,430 | 384,260 | 393,043 | 432,955 | 389,021 | 363,395 | 370,217 | 387,288 | 377,396 | 326,873 | 297,371 | 336,520 | 342,870 | 303,774 |
| Cash ratio | 2.30 | 2.26 | 3.21 | 3.42 | 3.11 | 3.13 | 1.50 | 1.20 | 1.17 | 0.95 | 0.96 | 1.44 | 1.48 | 1.42 | 1.35 | 1.57 | 1.62 | 1.28 | 1.12 | 1.17 |
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 of Advanced Energy Industries Inc has shown fluctuations over the years based on the provided data. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents.
From March 31, 2020, to December 31, 2020, the cash ratio consistently increased from 1.17 to 1.62, indicating a stronger ability to cover short-term liabilities with cash on hand during that period.
However, from June 30, 2022, to September 30, 2022, the cash ratio declined significantly from 1.35 to 0.95, implying a potential liquidity challenge or lower cash reserves relative to short-term obligations.
The cash ratio saw a notable increase from March 31, 2023, to December 31, 2024, where it more than doubled from 1.20 to 2.30. This substantial improvement suggests an enhanced ability to meet short-term obligations through available cash and cash equivalents.
The cash ratio peaked at 3.42 on March 31, 2024, then gradually declined to 2.30 by December 31, 2024. Despite the decreasing trend in the latter part of 2024, the cash ratio remained relatively high, indicating the company's continued strong liquidity position during that time.
Overall, the cash ratio fluctuations reflect Advanced Energy Industries Inc's varying levels of liquidity and its ability to manage short-term financial obligations with available cash reserves.
Peer comparison
Dec 31, 2024