Cognex Corporation (CGNX)

Cash ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents US$ in thousands 202,655 395,501 177,485 164,171 181,374 266,004 177,046 165,769 186,161 203,479 217,037 242,688 269,073 298,356 286,021 239,197 171,431 121,701 89,104 105,296
Short-term investments US$ in thousands 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 95,365 143,084 159,244 240,470 292,072 364,487 441,337
Total current liabilities US$ in thousands 151,884 169,704 180,462 213,977 187,708 161,278 192,241 195,126 188,589 165,137 204,934 159,680 132,297 139,398 144,581 150,644 120,477 81,215 85,683 93,045
Cash ratio 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 3.42 5.09 5.29 5.87

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($202,655K + $129,392K) ÷ $151,884K
= 2.19

The cash ratio of Cognex Corp. has shown some fluctuations over the past eight quarters. The cash ratio measures the company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.

In this case, the cash ratio ranged from a low of 1.94 in Q1 2022 to a high of 3.60 in Q3 2022. The average cash ratio over the eight quarters is approximately 2.62. This suggests that, on average, Cognex Corp. had enough cash and cash equivalents to cover over two times its short-term liabilities during this period.

It is worth noting that the highest and lowest values of the cash ratio occurred in Q3 2022 and Q1 2022, respectively. The significant increase in the cash ratio in Q3 2022 compared to the previous quarters indicates a strong cash position during that period. On the other hand, the decrease in the cash ratio in Q1 2022 may suggest a temporary strain on the company's liquidity.

Overall, the cash ratio trend for Cognex Corp. demonstrates a relatively healthy liquidity position, with some variability in the short term. Further analysis of the company's cash management practices and cash flow generation would provide additional insights into its financial health and ability to meet its obligations.


Peer comparison

Dec 31, 2023