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