Coherent Inc (COHR)
Quick ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 909,200 | 890,258 | 917,815 | 1,019,650 | 926,033 | 913,578 | 877,255 | 941,081 | 821,310 | 880,028 | 913,286 | 898,501 | 2,582,370 | 1,610,320 | 2,649,720 | 1,560,180 | 1,591,890 | 1,535,310 | 834,540 | 476,369 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 15,000 | 21,000 | — | -12,023 | — | — | — | — | — | 394,044 | 458,061 | 15,129 | 15,128 | 35,361 | 35,346 |
| Receivables | US$ in thousands | 964,100 | 1,010,030 | 891,789 | 819,712,000 | 848,542 | 955,644 | 856,098 | 795,730 | 901,531 | 924,369 | 956,674 | 975,437 | 700,331 | 653,095 | 604,206 | 663,940 | 658,962 | 615,163 | 570,985 | 220,289 |
| Total current liabilities | US$ in thousands | 1,794,800 | 1,497,000 | 1,309,290 | 1,357,990 | 1,343,770 | 1,310,630 | 1,187,770 | 1,083,140 | 1,078,750 | 1,107,460 | 1,132,920 | 1,183,080 | 1,266,960 | 2,123,880 | 2,083,240 | 1,028,660 | 729,589 | 678,837 | 664,474 | 644,893 |
| Quick ratio | 1.04 | 1.27 | 1.38 | 604.37 | 1.32 | 1.44 | 1.48 | 1.60 | 1.59 | 1.63 | 1.65 | 1.58 | 2.59 | 1.07 | 1.75 | 2.61 | 3.11 | 3.19 | 2.17 | 1.14 |
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 analysis of Coherent Inc's quick ratio over the specified period indicates significant fluctuations in liquidity positioning. Initially, the quick ratio increased from 1.14 as of September 30, 2020, to a peak of 3.19 by March 31, 2021, suggesting an improved short-term liquidity position during this interval. This upward trend was followed by a gradual decline, with the ratio decreasing to 2.61 in September 2021 and further down to 1.75 at the end of 2021.
The ratio witnessed a notable decline to 1.07 by March 31, 2022, reflecting a reduced buffer in liquid assets relative to current liabilities. Subsequently, the quick ratio experienced some recovery, reaching 2.59 in June 2022, before returning to more moderate levels—1.58 in September 2022 and 1.65 at the close of 2022. Throughout 2023, the ratio remained relatively stable, oscillating slightly around the 1.4 to 1.6 range, with values of 1.63, 1.59, and 1.60 across the respective quarters.
Anomalously, in September 2024, the quick ratio exhibits an extraordinary spike to 604.37, which appears to be an outlier or possibly a data entry error, given the unprecedented magnitude relative to previous values. This spike is followed by a reversion to more typical levels (1.38 in December 2024 and 1.27 in March 2025), with the ratio gradually declining towards 1.04 by June 2025.
Overall, the trend demonstrates that Coherent Inc generally maintains a quick ratio well above 1, indicating adequate liquidity to cover short-term liabilities with liquid assets. However, the periods of decline suggest that liquidity management has fluctuated over time, with some periods approaching tighter liquidity positions. The anomalous data point in September 2024 merits further scrutiny to confirm accuracy. Nonetheless, in general, the company's quick ratio suggests a stable liquidity profile, capable of meeting immediate obligations.
Peer comparison
Jun 30, 2025