Cognex Corporation (CGNX)
Quick ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Cash | US$ in thousands | 186,094 | 202,655 | 181,374 | 186,161 | 269,073 |
Short-term investments | US$ in thousands | 59,956 | 129,392 | 218,759 | 137,455 | 103,240 |
Receivables | US$ in thousands | 146,414 | 116,566 | 127,596 | 134,338 | 131,328 |
Total current liabilities | US$ in thousands | 169,380 | 151,884 | 187,708 | 188,589 | 132,297 |
Quick ratio | 2.32 | 2.95 | 2.81 | 2.43 | 3.81 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($186,094K
+ $59,956K
+ $146,414K)
÷ $169,380K
= 2.32
The quick ratio of Cognex Corporation, a key liquidity ratio, has shown fluctuations over the past five years. Starting at 3.81 on December 31, 2020, the quick ratio decreased to 2.43 by December 31, 2021, indicating a potential decrease in the company's ability to cover its short-term obligations with its most liquid assets. However, from December 31, 2021, to December 31, 2022, the quick ratio improved to 2.81, suggesting a better ability to meet short-term liabilities. This improvement continued into December 31, 2023, with a quick ratio of 2.95, indicating a further enhancement in liquidity. However, by December 31, 2024, the quick ratio dropped to 2.32, signaling a slight decrease in the company's short-term liquidity position compared to the previous year. Overall, Cognex Corporation's quick ratio has demonstrated variability, reflecting fluctuations in its ability to cover immediate financial obligations with its most liquid assets.
Peer comparison
Dec 31, 2024