Advanced Energy Industries Inc (AEIS)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 fluctuated over the periods provided, ranging from a low of 0.95 to a high of 3.42. Generally, a quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities. The company's quick ratio has shown some volatility, with a noticeable increase in the ratio from September 30, 2023, where it was 3.13, to March 31, 2024, where it reached 3.42, indicating a significant improvement in liquidity. However, the ratio decreased in the following quarters but remained above 1, suggesting that the company still maintains a relatively strong ability to meet its short-term obligations using its liquid assets. The abrupt decrease seen on June 30, 2022, may warrant further investigation into the company's current asset composition and liquidity management.
Peer comparison
Dec 31, 2024