Advanced Energy Industries Inc (AEIS)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 346,441 | 340,402 | 359,070 | 351,149 |
| Short-term investments | US$ in thousands | 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 | 2,614 | 747 | 746 | 2,516 |
| Total current liabilities | US$ in thousands | 335,848 | 314,812 | 303,430 | 384,260 | 393,043 | 432,955 | 389,021 | 363,395 | 370,196 | 387,288 | 377,396 | 326,873 | 296,397 | 336,520 | 342,870 | 303,774 | 320,332 | 355,897 | 96,497 | 112,050 |
| Cash ratio | 3.11 | 3.13 | 1.50 | 1.20 | 1.17 | 0.95 | 0.96 | 1.44 | 1.48 | 1.42 | 1.35 | 1.57 | 1.63 | 1.28 | 1.12 | 1.17 | 1.09 | 0.96 | 3.73 | 3.16 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,044,560K
+ $163K)
÷ $335,848K
= 3.11
The cash ratio of Advanced Energy Industries Inc. has shown fluctuations over the past eight quarters. The highest cash ratio was observed in Q3 2023 at 3.30, indicating that the company had $3.30 in cash for every $1 of current liabilities during that period. This suggests strong liquidity and the ability to cover short-term obligations comfortably.
In contrast, the lowest cash ratio was recorded in Q1 2023 at 1.35, which implies that the company had $1.35 in cash for every $1 of current liabilities. While this ratio is still above 1, indicating the company can meet its short-term liabilities, it is comparatively lower than the other quarters.
Overall, the cash ratio of Advanced Energy Industries Inc. has generally remained above 1 across all quarters, reflecting a healthy liquidity position. However, the fluctuations in the ratio suggest variability in the company's cash holdings and its ability to cover current liabilities. It is essential for the company to monitor its cash ratios consistently to ensure sufficient liquidity to meet its short-term obligations.
Peer comparison
Dec 31, 2023