Diodes Incorporated (DIOD)

Quick 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	US$ in thousands	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	258,390	218,349	235,352	301,167
Short-term investments	US$ in thousands	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	4,825	7,928	6,604	6,751
Receivables	US$ in thousands	371,930	414,188	393,132	369,054	369,233	377,549	401,196	362,035	358,496	348,688	339,142	332,209	320,061	261,782	268,618	243,746	260,322	257,421	240,056	215,229
Total current liabilities	US$ in thousands	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	285,322	297,704	275,411	256,143
Quick ratio		1.77	1.73	1.75	1.80	1.65	1.49	1.42	1.46	1.55	1.43	1.39	1.43	1.17	2.65	2.38	1.95	1.83	1.62	1.75	2.04

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($315,457K + $10,174K + $371,930K) ÷ $393,498K
= 1.77

The quick ratio of Diodes, Inc. has shown a generally positive trend over the past eight quarters. It has consistently remained above 1.5, indicating that the company has a strong ability to meet its short-term obligations with its most liquid assets.

The ratio improved from 1.68 in Q1 2022 to 2.02 in Q4 2023, reflecting a steady increase in the company's liquidity position. This trend suggests that Diodes, Inc. has been managing its current liabilities effectively while maintaining sufficient liquid assets to cover immediate financial obligations.

Overall, the quick ratio indicates that Diodes, Inc. is in a healthy financial position in terms of its short-term liquidity and is well-equipped to address any unexpected financial challenges that may arise.