Coherent Inc (COHR)

Cash ratio

Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Cash and cash equivalents US$ in thousands 926,033 821,310 2,582,370 1,591,890 493,046
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 1,343,770 1,078,750 1,266,960 729,589 672,893
Cash ratio 0.69 0.76 2.04 2.18 0.73

June 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($926,033K + $—K) ÷ $1,343,770K
= 0.69

The cash ratio for Coherent Inc has fluctuated over the past five years. In Jun 30, 2024, the cash ratio decreased to 0.69 from 0.76 in Jun 30, 2023. This decline suggests a lower ability for the company to cover its short-term liabilities with its cash and cash equivalents. However, it is important to note that a cash ratio above 1 indicates a company has enough cash to cover its short-term liabilities. The cash ratio was highest in Jun 30, 2022, at 2.04, indicating a strong liquidity position at that time. In Jun 30, 2021 and Jun 30, 2020, the cash ratio was 2.18 and 0.73, respectively, showing fluctuations in the company's ability to cover its short-term obligations with cash on hand. Overall, the downward trend from 2022 to 2024 warrants further analysis into the company's cash management practices and liquidity position.


Peer comparison

Jun 30, 2024

Company name
Symbol
Cash ratio
Coherent Inc
COHR
0.69
KLA-Tencor Corporation
KLAC
0.97