Applied Materials Inc (AMAT)
Quick ratio
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Oct 25, 2020 | Jul 26, 2020 | Apr 26, 2020 | Jan 26, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 8,022,000 | 8,288,000 | 7,085,000 | 6,854,000 | 6,132,000 | 6,025,000 | 4,588,000 | 3,547,000 | 1,995,000 | 2,956,000 | 3,331,000 | 5,264,000 | 4,995,000 | 6,066,000 | 6,305,000 | 6,213,000 | 5,351,000 | 4,350,000 | 5,281,000 | 3,424,000 |
| Short-term investments | US$ in thousands | 1,449,000 | 815,000 | 472,000 | 638,000 | 737,000 | 510,000 | 510,000 | 500,000 | 586,000 | 592,000 | 591,000 | 473,000 | 464,000 | 444,000 | 460,000 | 410,000 | 387,000 | 406,000 | 423,000 | 536,000 |
| Receivables | US$ in thousands | 5,354,000 | 5,021,000 | 5,001,000 | 5,011,000 | 5,577,000 | 5,648,000 | 5,933,000 | 5,847,000 | 6,529,000 | 5,532,000 | — | 4,789,000 | 5,546,000 | — | — | 3,212,000 | 3,125,000 | 2,965,000 | 2,749,000 | 2,796,000 |
| Total current liabilities | US$ in thousands | 8,468,000 | 7,228,000 | 6,884,000 | 7,076,000 | 7,372,000 | 8,224,000 | 7,871,000 | 7,250,000 | 7,379,000 | 6,833,000 | 6,650,000 | 6,264,000 | 6,344,000 | 5,125,000 | 4,822,000 | 4,504,000 | 4,459,000 | 4,285,000 | 4,765,000 | 4,569,000 |
| Quick ratio | 1.75 | 1.95 | 1.82 | 1.77 | 1.69 | 1.48 | 1.40 | 1.36 | 1.23 | 1.33 | 0.59 | 1.68 | 1.73 | 1.27 | 1.40 | 2.18 | 1.99 | 1.80 | 1.77 | 1.48 |
October 27, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($8,022,000K
+ $1,449,000K
+ $5,354,000K)
÷ $8,468,000K
= 1.75
The quick ratio of Applied Materials Inc has shown some fluctuations over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates the company has enough liquid assets to cover its current liabilities without relying on selling inventory.
Looking at the data, we can see that the quick ratio has generally been above 1, indicating a healthy liquidity position for Applied Materials Inc. The quick ratio has ranged from 0.59 to 2.18 over the previous quarters, with the most recent value being 1.75 on October 27, 2024.
Overall, the trend in Applied Materials Inc's quick ratio suggests that the company has been effectively managing its short-term liquidity and has maintained a strong ability to meet its current obligations using its readily available assets.
Peer comparison
Oct 27, 2024