Coherent Inc (COHR)
Quick ratio
| Jun 30, 2025 | Jun 30, 2024 | Sep 30, 2023 | Jun 30, 2023 | Sep 30, 2022 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 909,200 | 926,033 | 833,333 | 821,310 | 2,582,370 |
| Short-term investments | US$ in thousands | — | — | — | -12,023 | — |
| Receivables | US$ in thousands | 964,100 | 848,542 | 929,802 | 901,531 | 700,331 |
| Total current liabilities | US$ in thousands | 1,794,800 | 1,343,770 | 1,078,750 | 1,078,750 | 1,266,960 |
| Quick ratio | 1.04 | 1.32 | 1.63 | 1.59 | 2.59 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($909,200K
+ $—K
+ $964,100K)
÷ $1,794,800K
= 1.04
The quick ratio of Coherent Inc has exhibited notable fluctuations over the analyzed period, reflecting changes in the company's short-term liquidity position. As of September 30, 2022, the quick ratio stood at 2.59, indicating a robust liquidity position whereby the company's liquid assets were approximately 2.59 times its current liabilities. This high ratio suggests that the company was well-positioned to meet its short-term obligations without relying on inventory sales.
By June 30, 2023, the quick ratio had declined significantly to 1.59, representing a decreased but still solid liquidity buffer. This reduction could be indicative of a relative decrease in liquid assets, an increase in current liabilities, or a combination of both. The subsequent period saw a slight increase, with the ratio rising marginally to 1.63 as of September 30, 2023, implying a modest improvement in liquidity or stabilization relative to the previous quarter.
However, the trend continued downward in the following periods. As of June 30, 2024, the quick ratio decreased further to 1.32, approaching a level that suggests the company's liquid assets are just over one time its current liabilities. This downward trajectory raises considerations regarding the company's increasing reliance on non-liquid current assets or growing obligations. The ratio's decline persisted into June 30, 2025, reaching 1.04, which indicates that the company’s liquidity position is becoming more constrained and closer to a one-to-one ratio.
Overall, the data indicates a downward trend in Coherent Inc's quick ratio over the period from September 2022 through June 2025. Although it remains above 1, reflecting the capacity to cover short-term liabilities with liquid assets, the diminishing ratio signals a gradual tightening of liquidity margins. Continued decline to levels near or below 1 could suggest increased liquidity risks and warrants ongoing monitoring for potential impacts on the company's financial stability.
Peer comparison
Jun 30, 2025