Allegro Microsystems Inc (ALGM)
Quick ratio
| Mar 31, 2025 | 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 | Dec 23, 2022 | Sep 30, 2022 | Sep 23, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 121,334 | 138,452 | 188,751 | 173,136 | 222,161 | 214,308 | 370,013 | 353,408 | 351,576 | 334,306 | 334,306 | 303,282 | 293,588 | 286,557 | 282,383 | 259,208 | 248,579 | 221,934 | 197,214 | 157,653 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 5,222 | — | — | — | — | — | — | 12,346 | 13,393 | 27,169 | 26,943 | 26,664 | 26,657 |
| Receivables | US$ in thousands | 84,598 | 83,805 | 76,985 | 67,147 | 125,168 | 118,228 | 123,438 | 125,431 | 130,477 | 134,214 | 128,127 | 124,545 | 119,080 | 124,966 | 120,738 | 107,431 | 99,119 | 103,113 | 94,848 | 88,860 |
| Total current liabilities | US$ in thousands | 112,261 | 100,912 | 124,008 | 105,537 | 117,908 | 120,187 | 134,241 | 153,545 | 165,325 | 137,228 | 137,228 | 112,754 | 112,754 | 111,804 | 104,223 | 100,841 | 88,416 | 119,033 | 116,674 | 89,119 |
| Quick ratio | 1.83 | 2.20 | 2.14 | 2.28 | 2.95 | 2.77 | 3.68 | 3.15 | 2.92 | 3.41 | 3.37 | 3.79 | 3.66 | 3.68 | 3.99 | 3.77 | 4.24 | 2.96 | 2.73 | 3.07 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($121,334K
+ $—K
+ $84,598K)
÷ $112,261K
= 1.83
The quick ratio of Allegro Microsystems Inc has exhibited fluctuations over the past few quarters. It was at a relatively high level of 3.07 on December 31, 2020, indicating a good ability to meet short-term obligations with its most liquid assets. However, this ratio decreased to 2.73 on March 31, 2021, but remained within an acceptable range. Subsequently, on September 30, 2021, the quick ratio significantly improved to 4.24, showing a strong liquidity position.
The quick ratio maintained a favorable trend through December 31, 2021, and March 31, 2022, standing at 3.77 and 3.99, respectively. However, there was a slight decrease to 3.68 on June 30, 2022. The quick ratio continued to hover around this level for the next few quarters, indicating a stable liquidity position between 3.41 and 3.79 until December 31, 2022.
By March 31, 2023, the quick ratio declined to 2.92, suggesting a slight reduction in liquidity. It then increased to 3.15 on June 30, 2023, and further to 3.68 on September 30, 2023, showing a recovery in the liquidity position. However, there was a notable decrease to 2.77 on December 31, 2023, which continued to decline to 2.28 on June 30, 2024. The quick ratio fell further to 2.14 on September 30, 2024, indicating a potential strain in meeting short-term obligations.
As of December 31, 2024, the quick ratio slightly improved to 2.20 but remained below the ideal level. By March 31, 2025, there was a significant decrease to 1.83, indicating a potential challenge in meeting immediate financial obligations with current assets. Overall, the quick ratio trend of Allegro Microsystems Inc has shown some volatility, with periodic fluctuations impacting its liquidity position over the analyzed period.
Peer comparison
Mar 31, 2025