Cohu Inc (COHU)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($206,407K
+ $55,685K
+ $—K)
÷ $85,184K
= 3.08
The quick ratio of Cohu Inc has shown a generally increasing trend over the periods presented, indicating an improving liquidity position. The quick ratio, which measures the company's ability to meet short-term obligations with its most liquid assets, was 1.05 as of March 31, 2020, and steadily increased to reach 3.08 by December 31, 2024.
A quick ratio above 1 suggests that the company has an adequate level of liquid assets to cover its current liabilities, indicating a healthy liquidity position. Cohu Inc's quick ratio consistently above 1 throughout the period indicates a strong ability to meet short-term financial obligations without relying heavily on selling inventory.
The increasing trend in the quick ratio implies that Cohu Inc has been effectively managing its liquidity, potentially through efficient cash management or a reduction in current liabilities relative to liquid assets. A quick ratio above 2 in the latter periods indicates that the company has significantly more liquid assets than current liabilities, providing a cushion against unexpected changes in the business environment.
Overall, the trend of the quick ratio for Cohu Inc reflects positively on the company's liquidity management and its ability to meet short-term financial obligations comfortably. An investor or analyst may view this as a positive indicator of financial health and stability within the organization.
Peer comparison
Dec 31, 2024