Coherent Inc (COHR)
Quick ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 926,033 | 821,310 | 2,582,370 | 1,591,890 | 493,046 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 848,542 | 901,531 | 700,331 | 658,962 | 598,124 |
| Total current liabilities | US$ in thousands | 1,343,770 | 1,078,750 | 1,266,960 | 729,589 | 672,893 |
| Quick ratio | 1.32 | 1.60 | 2.59 | 3.09 | 1.62 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($926,033K
+ $—K
+ $848,542K)
÷ $1,343,770K
= 1.32
The quick ratio of Coherent Inc has shown a declining trend over the past five years, decreasing from 3.09 in June 2021 to 1.32 in June 2024. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has weakened over this period.
A quick ratio above 1.0 is generally considered healthy, as it suggests that the company has sufficient liquid assets to cover its current liabilities. However, the decreasing trend in Coherent Inc's quick ratio may raise concerns about its liquidity position and ability to meet its short-term financial obligations.
It is important to further investigate the reasons behind this decline in the quick ratio to understand if it is a result of changes in the company's asset composition, liabilities structure, or operational efficiency. This analysis can provide insights into the company's financial health and sustainability in the near term.
Peer comparison
Jun 30, 2024