Advanced Energy Industries Inc (AEIS)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 314,222 | 335,848 | 393,043 | 370,217 | 297,371 |
| Quick ratio | 2.30 | 3.11 | 1.17 | 1.48 | 1.62 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($722,086K
+ $—K
+ $—K)
÷ $314,222K
= 2.30
The quick ratio of Advanced Energy Industries Inc has shown some fluctuations over the years. As of December 31, 2020, the quick ratio was 1.62, indicating that the company had $1.62 of liquid assets available to cover each dollar of current liabilities.
However, by December 31, 2021, the quick ratio had decreased to 1.48, suggesting a slight decline in the company's ability to meet short-term obligations with its quick assets. The ratio further dropped to 1.17 by December 31, 2022, indicating a potential liquidity challenge.
In the subsequent years, the quick ratio improved significantly, reaching 3.11 by December 31, 2023, and 2.30 by December 31, 2024. These ratios indicate a strong liquidity position for the company during these periods, with more than enough quick assets to cover its current liabilities.
Overall, the company's quick ratio has displayed variability, with fluctuations that may signal changes in its short-term liquidity position. It is essential for Advanced Energy Industries Inc to closely monitor and manage its quick assets to ensure it can efficiently meet its current obligations in the future.
Peer comparison
Dec 31, 2024