Diodes Incorporated (DIOD)

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	308,671	311,864	267,657	270,560	315,457	295,045	321,616	323,146	336,732	378,996	299,868	303,295	363,599	280,543	292,650	276,253	268,065	587,643	503,206	269,516
Short-term investments	US$ in thousands	7,464	7,463	9,188	9,782	10,174	9,872	9,042	8,768	7,059	6,909	8,833	9,241	6,542	7,364	7,386	8,366	6,142	3,014	3,652	2,859
Total current liabilities	US$ in thousands	375,596	352,783	360,955	377,279	393,498	414,907	412,956	390,346	432,530	511,541	499,977	463,493	471,034	444,625	460,205	432,838	509,762	321,533	325,335	264,117
Cash ratio		0.84	0.91	0.77	0.74	0.83	0.73	0.80	0.85	0.79	0.75	0.62	0.67	0.79	0.65	0.65	0.66	0.54	1.84	1.56	1.03

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($308,671K + $7,464K) ÷ $375,596K
= 0.84

The cash ratio of Diodes Incorporated indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. A high cash ratio suggests that the company has a strong liquidity position and can easily meet its short-term obligations.

From March 31, 2020, to December 31, 2024, Diodes Incorporated's cash ratio fluctuated between 0.54 and 1.84. The ratio saw an increase from 1.03 on March 31, 2020, to 1.84 on September 30, 2020, indicating improved liquidity during that period. However, there was a notable decrease to 0.54 by December 31, 2020, which may have been a result of changes in the company's cash position or liabilities.

Over the years, the cash ratio remained relatively stable between 0.54 and 0.91, with some fluctuations. The ratio generally stayed above 0.6, indicating that Diodes Incorporated had a reasonable amount of cash on hand to cover its short-term obligations.

Overall, while the company's cash ratio experienced fluctuations, it generally maintained a level above 0.5, suggesting that Diodes Incorporated has managed its liquidity reasonably well, ensuring it has sufficient cash reserves to meet its short-term financial obligations.