CEVA Inc (CEVA)

Cash ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents US$ in thousands 18,498 23,287 21,285 33,153 21,143
Short-term investments US$ in thousands 143,117 143,251 118,194 121,708 108,987
Total current liabilities US$ in thousands 30,529 26,887 33,278 35,440 28,180
Cash ratio 5.29 6.19 4.19 4.37 4.62

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($18,498K + $143,117K) ÷ $30,529K
= 5.29

The cash ratio of CEVA Inc has shown a consistent trend over the past five years. Starting at 4.62 in December 31, 2020, the ratio decreased slightly to 4.37 by December 31, 2021, and then further to 4.19 by December 31, 2022. However, there was a notable increase in the cash ratio to 6.19 by December 31, 2023, indicating a significant improvement in the company's ability to cover its short-term liabilities with cash alone. By December 31, 2024, the ratio decreased slightly to 5.29, still indicating a healthy level of cash reserves relative to current liabilities. Overall, the cash ratio demonstrates the company's strong liquidity position and ability to meet its short-term obligations using available cash resources.