Coherent Inc (COHR)
Quick ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 926,033 | 898,578 | 856,255 | 931,081 | 821,310 | 884,352 | 896,641 | 882,160 | 2,582,370 | 2,600,320 | 2,649,720 | 1,560,180 | 1,591,890 | 1,535,310 | 834,540 | 683,985 | 493,046 | 388,107 | 376,840 | 439,551 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 394,044 | 458,061 | 15,129 | 15,128 | 35,361 | 35,346 | 41,898 | 116 | — | 120 |
| Receivables | US$ in thousands | 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 | 577,127 | 598,124 | 496,427 | 488,902 | 514,104 |
| Total current liabilities | US$ in thousands | 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 | 672,893 | 569,171 | 571,599 | 545,777 |
| Quick ratio | 1.32 | 1.41 | 1.44 | 1.59 | 1.60 | 1.63 | 1.64 | 1.57 | 2.59 | 1.53 | 1.75 | 2.61 | 3.11 | 3.19 | 2.17 | 2.01 | 1.68 | 1.55 | 1.51 | 1.75 |
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 fluctuations over the past few quarters. The ratio has generally stayed above 1, indicating that the company has an adequate level of liquid assets to cover its short-term liabilities.
In the most recent quarter, as of June 30, 2024, the quick ratio stood at 1.32, which indicates that for every dollar of current liabilities, Coherent Inc has $1.32 of quick assets available.
The trend of the quick ratio has slightly decreased from the high of 3.19 in March 2021 to the current level of 1.32 in June 2024. This reduction may be a cause for concern as it suggests a lower level of liquidity available to cover short-term obligations.
It is important for investors and stakeholders to closely monitor the quick ratio to ensure that Coherent Inc maintains a healthy level of liquidity to meet its short-term financial obligations.
Peer comparison
Jun 30, 2024