CEVA Inc (CEVA)

Cash ratio

		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	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	18,498	13,228	24,702	21,222	23,287	17,082	27,511	24,483	21,285	29,510	19,289	39,778	33,153	34,278	26,706	53,662	21,143	22,067	29,979	22,903
Short-term investments	US$ in thousands	145,146	142,878	133,709	137,532	143,251	114,630	108,136	112,306	118,194	106,763	118,759	122,597	121,708	110,955	100,394	92,319	108,987	119,664	126,131	126,390
Total current liabilities	US$ in thousands	30,529	27,719	24,982	26,755	27,622	25,686	26,127	35,037	33,278	28,062	31,589	40,787	35,440	30,638	29,281	36,919	28,180	25,891	25,078	27,613
Cash ratio		5.36	5.63	6.34	5.93	6.03	5.13	5.19	3.90	4.19	4.86	4.37	3.98	4.37	4.74	4.34	3.95	4.62	5.47	6.22	5.41

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($18,498K + $145,146K) ÷ $30,529K
= 5.36

CEVA Inc's cash ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has fluctuated over the period outlined in the data provided. Beginning at 5.41 in March 2020, the ratio increased to a peak of 6.34 in June 2024. This indicates that the company had a higher proportion of cash reserves relative to its current liabilities during that period.

However, there have been fluctuations in the cash ratio throughout the period, with some quarters showing a decline in the ratio. For instance, the ratio decreased to 3.90 in March 2023 before recovering and peaking in June 2024. These fluctuations suggest changes in the company's cash position and the management of its short-term liabilities.

Overall, it is important for CEVA Inc to closely monitor its cash ratio to ensure it maintains a healthy level of liquidity to meet its short-term obligations. A consistent and stable cash ratio can indicate the company's ability to weather financial challenges and capitalize on growth opportunities.