CEVA Inc (CEVA)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 30,529 | 26,887 | 33,278 | 35,440 | 28,180 |
| Quick ratio | 5.29 | 6.19 | 4.19 | 4.37 | 4.62 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($18,498K
+ $143,117K
+ $—K)
÷ $30,529K
= 5.29
The quick ratio of CEVA Inc over the past five years demonstrates a consistently high level of liquidity and ability to meet its short-term obligations. Starting at 4.62 in December 31, 2020, the quick ratio decreased slightly to 4.37 by December 31, 2021, and further to 4.19 by December 31, 2022. However, the ratio saw a significant improvement in the following years, reaching 6.19 by December 31, 2023, and 5.29 by December 31, 2024.
This consistent trend indicates that CEVA Inc maintains a strong ability to cover its immediate liabilities with its most liquid assets, such as cash and marketable securities. The quick ratio well above 1.0 demonstrates a healthy financial position and suggests that the company can efficiently manage its short-term financial obligations without relying heavily on selling inventory or other less liquid assets. Overall, the high quick ratio values demonstrate CEVA Inc's solid liquidity position over the years.
Peer comparison
Dec 31, 2024