Cohu Inc (COHU)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 206,407 | 245,524 | 242,341 | 290,201 | 149,358 |
| Short-term investments | US$ in thousands | 55,685 | 90,174 | 143,235 | 89,704 | 20,669 |
| Total current liabilities | US$ in thousands | 85,184 | 103,421 | 160,872 | 192,459 | 174,924 |
| Cash ratio | 3.08 | 3.25 | 2.40 | 1.97 | 0.97 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($206,407K
+ $55,685K)
÷ $85,184K
= 3.08
The cash ratio of Cohu Inc has shown a consistent upward trend over the past five years. Starting at 0.97 on December 31, 2020, the ratio increased steadily to 1.97 by December 31, 2021, and continued to rise to 2.40 by December 31, 2022. By December 31, 2023, the ratio further grew to 3.25, indicating a substantial improvement in the company's ability to cover its short-term obligations with its cash reserves. However, there was a slight decrease to 3.08 by December 31, 2024.
Overall, the increasing trend in Cohu Inc's cash ratio reflects a strengthening liquidity position and a higher level of financial stability, suggesting that the company may be better positioned to meet its short-term financial obligations using its available cash resources.
Peer comparison
Dec 31, 2024