Cohu Inc (COHU)
Cash ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 245,524 | 293,386 | 275,290 | 226,649 | 242,341 | 232,398 | 280,586 | 267,068 | 290,201 | 288,785 | 353,896 | 143,119 | 149,358 | 169,926 | 162,728 | 171,474 | 155,194 | 145,094 | 143,014 | 159,521 |
| Short-term investments | US$ in thousands | 90,174 | 94,180 | 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 | 904 | 573 | 581 | 565 |
| Total current liabilities | US$ in thousands | 103,421 | 128,444 | 138,402 | 145,028 | 160,872 | 170,757 | 194,268 | 176,469 | 192,459 | 202,152 | 321,312 | 208,033 | 174,453 | 146,903 | 159,041 | 163,717 | 148,885 | 139,349 | 146,931 | 138,089 |
| Cash ratio | 3.25 | 3.02 | 2.69 | 2.24 | 2.40 | 2.16 | 1.89 | 2.03 | 1.97 | 1.80 | 1.35 | 1.40 | 0.97 | 1.16 | 1.03 | 1.05 | 1.05 | 1.05 | 0.98 | 1.16 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($245,524K
+ $90,174K)
÷ $103,421K
= 3.25
The cash ratio of Cohu Inc has shown fluctuations over the past few quarters. The ratio indicates the company's ability to cover its short-term liabilities with cash and cash equivalents.
The trend for the cash ratio has been generally increasing since the end of 2019, indicating a strengthening of Cohu Inc's liquidity position. The ratio improved from 1.16 at the end of September 2020 to 3.25 at the end of December 2023, showing a significant increase in the ability of the company to cover its short-term obligations with cash on hand.
However, there have been some fluctuations in the ratio over the quarters, with periodic decreases followed by increases. For example, there was a decrease in the ratio from 1.89 in June 2022 to 1.97 in March 2023, but a subsequent increase to 2.24 in June 2023.
Overall, the increasing trend in the cash ratio signifies an improvement in Cohu Inc's short-term liquidity position, which can be considered a positive indicator for the company's financial health and ability to meet its obligations.
Peer comparison
Dec 31, 2023