Coherent Inc (COHR)
Cash ratio
| Jun 30, 2025 | Jun 30, 2024 | Sep 30, 2023 | Jun 30, 2023 | Sep 30, 2022 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 909,200 | 926,033 | 833,333 | 821,310 | 2,582,370 |
| Short-term investments | US$ in thousands | — | — | — | -12,023 | — |
| Total current liabilities | US$ in thousands | 1,794,800 | 1,343,770 | 1,078,750 | 1,078,750 | 1,266,960 |
| Cash ratio | 0.51 | 0.69 | 0.77 | 0.75 | 2.04 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($909,200K
+ $—K)
÷ $1,794,800K
= 0.51
The cash ratio of Coherent Inc. has exhibited notable fluctuations over the analyzed periods. As of September 30, 2022, the company's cash ratio stood at 2.04, indicating a strong liquidity position where cash and cash equivalents substantially exceeded current liabilities. This suggests a robust short-term liquidity cushion at that time.
By June 30, 2023, the cash ratio declined to 0.75, reflecting a significant reduction in cash reserves relative to current liabilities. This decrease may suggest increased utilization of cash for operational needs, investments, or debt repayment, leading to comparatively lower liquidity on hand.
As of September 30, 2023, the cash ratio slightly improved to 0.77, indicating some stabilization in cash liquidity relative to the previous quarter but still maintaining a level considerably lower than the September 2022 figure. This suggests a partial recovery or consolidation in cash holdings, yet the ratio remains below the initial high point.
Looking forward, the cash ratio is projected to decline further, with estimates of 0.69 by June 30, 2024, and 0.51 by June 30, 2025. The downward trend implies a continuing reduction in cash reserves relative to current liabilities over this period. If these projections materialize, it could denote a sustained shift in liquidity management, potentially moving towards more reliance on other current assets or operational financing strategies to meet short-term obligations.
Overall, the trend in Coherent Inc.'s cash ratio indicates a move from a position of very high liquidity to a more moderate level over the analyzed timeframe, with implications for its short-term financial flexibility and liquidity management strategy.
Peer comparison
Jun 30, 2025