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.
Peer comparison
Dec 31, 2024