Cognex Corporation (CGNX)

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	186,094	197,075	176,626	138,859	202,655	395,501	177,485	164,171	181,374	266,004	177,046	165,769	186,161	203,479	217,037	242,688	269,073	298,356	286,021	239,197
Short-term investments	US$ in thousands	59,956	90,803	112,449	139,334	129,392	117,147	191,474	216,703	218,759	208,430	182,634	148,966	137,455	189,113	190,747	143,233	103,240	95,365	143,084	159,244
Total current liabilities	US$ in thousands	169,380	170,736	168,783	188,102	151,884	169,704	180,462	213,977	187,708	161,278	192,241	195,126	188,589	165,137	204,934	159,680	132,297	139,398	144,581	150,644
Cash ratio		1.45	1.69	1.71	1.48	2.19	3.02	2.04	1.78	2.13	2.94	1.87	1.61	1.72	2.38	1.99	2.42	2.81	2.82	2.97	2.64

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($186,094K + $59,956K) ÷ $169,380K
= 1.45

The cash ratio of Cognex Corporation has shown some fluctuations over the past few years based on the provided data. The cash ratio is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents.

From March 31, 2020, to December 31, 2024, the cash ratio ranged from a high of 3.02 to a low of 1.45. The highest cash ratio was recorded on September 30, 2023, indicating that Cognex had a higher level of cash relative to its current liabilities at that time. On the other hand, the lowest cash ratio was observed on December 31, 2024, suggesting a relatively lower level of cash available to cover short-term obligations.

Overall, it is important for investors and analysts to track the trend of the cash ratio over time to assess the company's liquidity position and its ability to meet its short-term financial obligations. Fluctuations in the cash ratio may reflect changes in the company's cash management practices, operating efficiency, or financial health. Further analysis and comparison with industry benchmarks may provide additional insights into Cognex Corporation's liquidity management.