CEVA Inc (CEVA)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($18,498K
+ $145,146K
+ $—K)
÷ $30,529K
= 5.36
The quick ratio of CEVA Inc has fluctuated over the analyzed periods, ranging from a high of 6.34 on June 30, 2024 to a low of 3.90 on March 31, 2023. The quick ratio measures the company's ability to cover its short-term liabilities with its most liquid assets, excluding inventory. A quick ratio above 1 indicates that a company can meet its short-term obligations without having to sell its inventory.
Based on the data provided, the quick ratio generally remained above 1, reflecting CEVA Inc's ability to cover its short-term liabilities with its readily available assets. However, the downward trend in the quick ratio from 6.34 on June 30, 2024 to 5.36 on December 31, 2024 may indicate a decrease in the company's liquidity position. Overall, a quick ratio above 1 is considered healthy, but it is essential for CEVA Inc to monitor this ratio to ensure ongoing liquidity to meet its short-term obligations.
Peer comparison
Dec 31, 2024