Broadcom Inc (AVGO)
Quick ratio
| Nov 3, 2024 | Aug 4, 2024 | May 5, 2024 | Feb 4, 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 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 9,348,000 | 9,952,000 | 9,809,000 | 11,864,000 | 14,189,000 | 12,055,000 | 11,553,000 | 12,647,000 | 12,416,000 | 9,977,000 | 9,005,000 | 10,219,000 | 12,163,000 | 11,105,000 | 9,518,000 | 9,552,000 | 7,618,000 | 8,857,000 | 9,207,000 | 6,444,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 4,416,000 | 4,665,000 | 5,500,000 | 4,969,000 | 3,154,000 | 2,914,000 | 3,031,000 | 3,234,000 | 2,958,000 | 2,708,000 | — | 2,539,000 | 2,071,000 | — | — | 2,524,000 | 2,297,000 | — | — | — |
| Total current liabilities | US$ in thousands | 16,697,000 | 19,221,000 | 20,171,000 | 20,369,000 | 7,405,000 | 7,345,000 | 7,511,000 | 7,483,000 | 7,052,000 | 6,702,000 | 6,910,000 | 6,287,000 | 6,281,000 | 6,501,000 | 6,436,000 | 6,694,000 | 6,371,000 | 6,702,000 | 6,601,000 | 7,739,000 |
| Quick ratio | 0.82 | 0.76 | 0.76 | 0.83 | 2.34 | 2.04 | 1.94 | 2.12 | 2.18 | 1.89 | 1.30 | 2.03 | 2.27 | 1.71 | 1.48 | 1.80 | 1.56 | 1.32 | 1.39 | 0.83 |
November 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($9,348,000K
+ $—K
+ $4,416,000K)
÷ $16,697,000K
= 0.82
The quick ratio of Broadcom Inc has shown some fluctuations over the past few quarters. The quick ratio helps assess the company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term obligations.
Looking at the data provided, Broadcom Inc's quick ratio ranged from 0.76 to 2.34 over the last 20 quarters. The quick ratio was below 1 in some quarters, which suggests that the company might have had challenges meeting its short-term obligations with its current liquid assets during those periods.
However, the quick ratio improved significantly in certain quarters, exceeding 2, indicating a strong ability to cover short-term liabilities with liquid assets. Overall, the trend in the quick ratio for Broadcom Inc seems to be somewhat volatile, with fluctuations observed over the periods.
Analysts should continue monitoring the quick ratio to assess the company's liquidity position and its ability to meet short-term financial obligations efficiently.
Peer comparison
Nov 3, 2024