Cohu Inc (COHU)
Cash ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 206,407 | 189,262 | 203,068 | 191,065 | 245,524 | -13,899 | 372,317 | 226,649 | 242,341 | 232,398 | 280,586 | 267,068 | 290,201 | 288,785 | 434,089 | 143,119 | 149,358 | 169,926 | 162,728 | 171,474 |
| Short-term investments | US$ in thousands | 55,685 | 79,976 | 59,329 | 80,257 | 90,174 | 401,465 | 97,027 | 97,646 | 143,235 | 136,983 | 87,495 | 91,502 | 89,704 | 76,020 | 80,193 | 147,926 | 20,669 | 949 | 920 | 901 |
| Total current liabilities | US$ in thousands | 85,184 | 84,975 | 78,563 | 91,095 | 103,421 | 128,444 | 138,402 | 145,028 | 160,872 | 170,757 | 194,268 | 176,469 | 192,459 | 202,152 | 321,312 | 208,033 | 174,924 | 146,903 | 159,041 | 163,717 |
| Cash ratio | 3.08 | 3.17 | 3.34 | 2.98 | 3.25 | 3.02 | 3.39 | 2.24 | 2.40 | 2.16 | 1.89 | 2.03 | 1.97 | 1.80 | 1.60 | 1.40 | 0.97 | 1.16 | 1.03 | 1.05 |
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 consistently increasing trend from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents.
The cash ratio was 1.05 as of March 31, 2020, indicating that Cohu had $1.05 in cash and cash equivalents for every $1 of current liabilities. Over the following years, the cash ratio fluctuated but generally increased, reaching its peak of 3.39 as of June 30, 2023. This demonstrates that Cohu significantly improved its liquidity position during this period.
However, there was a slight decline in the cash ratio towards the end of 2024, with the ratio standing at 3.08 as of December 31, 2024. Despite the slight decrease, the cash ratio remains at a healthy level, indicating that Cohu has sufficient cash on hand to meet its short-term obligations.
Overall, the upward trend in the cash ratio over the years suggests that Cohu has been effectively managing its cash resources and maintaining a strong liquidity position, which is essential for weathering unforeseen financial challenges and seizing potential investment opportunities.
Peer comparison
Dec 31, 2024