Diodes Incorporated (DIOD)

Quick ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	308,671	315,457	336,732	363,599	268,065
Short-term investments	US$ in thousands	7,464	10,174	7,059	6,542	6,142
Receivables	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	375,596	393,498	432,530	471,034	509,762
Quick ratio		0.84	0.83	0.79	0.79	0.54

December 31, 2024 calculation

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

The quick ratio of Diodes Incorporated has shown a consistent improvement over the past few years. Starting at 0.54 on December 31, 2020, the ratio has steadily increased to 0.79 by December 31, 2021, and has remained stable at this level through December 31, 2022.

Furthermore, there was a slight uptick to 0.83 as of December 31, 2023, indicating that the company has enhanced its ability to meet its short-term obligations with its most liquid assets. The trend continued in the following year, with a quick ratio of 0.84 as of December 31, 2024.

Overall, the upward trajectory of Diodes Incorporated's quick ratio suggests an improvement in the company's short-term liquidity position, reflecting a stronger ability to cover its current liabilities with its quick assets. This indicates a positive trend in the company's financial health and its ability to manage short-term financial obligations effectively.