Diodes Incorporated (DIOD)

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	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
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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
Quick 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

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 some fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term financial obligations with its most liquid assets.

Initially, the quick ratio was at a healthy level of around 1, indicating that Diodes Incorporated had sufficient quick assets to cover its current liabilities. However, there was a significant drop in the ratio to 0.54 by December 31, 2020, which might have been a concern as it could suggest a potential liquidity issue.

Subsequently, there was some improvement in the quick ratio, reaching 1.84 by September 30, 2020. This improvement indicated that the company had increased its liquid assets relative to its current liabilities.

However, there were further fluctuations in the quick ratio over the following quarters, showing values as low as 0.62 on June 30, 2022, and as high as 0.91 on September 30, 2024. These fluctuations suggest that the company's liquidity position was not stable and could have experienced challenges in meeting its short-term obligations during certain periods.

Overall, while the quick ratio for Diodes Incorporated has shown variability over the analyzed period, it is important for investors and stakeholders to monitor these fluctuations closely to assess the company's liquidity position and ability to meet its short-term financial commitments.