Fabrinet (FN)
Quick ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 409,973 | 385,111 | 334,053 | 308,338 | 231,368 | 230,743 | 250,829 | 255,260 | 197,996 | 269,140 | 276,531 | 269,911 | 302,969 | 247,011 | 219,221 | 189,201 | 225,430 | 224,138 | 220,031 | 168,535 |
| Short-term investments | US$ in thousands | 448,630 | 408,915 | 406,540 | 362,428 | 319,100 | 307,980 | 276,778 | 244,536 | 280,157 | 245,852 | 243,339 | 258,501 | 244,963 | 261,736 | 261,817 | 307,238 | 262,693 | 233,622 | 222,805 | 238,266 |
| Receivables | US$ in thousands | 592,452 | 583,882 | 584,614 | 535,006 | 531,767 | 540,343 | 520,024 | 462,352 | 439,330 | 446,052 | 384,725 | 346,689 | 336,547 | 333,389 | 342,740 | 313,472 | 296,975 | 307,777 | 309,889 | 273,616 |
| Total current liabilities | US$ in thousands | 557,942 | 544,267 | 486,777 | 455,433 | 481,885 | 554,989 | 549,595 | 526,355 | 538,487 | 502,659 | 500,037 | 479,219 | 444,358 | 366,240 | 395,035 | 355,449 | 334,421 | 327,451 | 313,380 | 323,421 |
| Quick ratio | 2.60 | 2.53 | 2.72 | 2.65 | 2.25 | 1.94 | 1.91 | 1.83 | 1.70 | 1.91 | 1.81 | 1.83 | 1.99 | 2.30 | 2.09 | 2.28 | 2.35 | 2.34 | 2.40 | 2.10 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($409,973K
+ $448,630K
+ $592,452K)
÷ $557,942K
= 2.60
The quick ratio of Fabrinet has shown variability over the past few quarters, ranging from a low of 1.70 to a high of 2.72. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its current liabilities.
In the most recent quarter, the quick ratio was 2.60, suggesting that Fabrinet had $2.60 of liquid assets available for every $1 of current liabilities. This indicates a strong liquidity position and the ability to easily cover its short-term obligations.
Overall, the trend in Fabrinet's quick ratio has generally been positive, showing an increasing pattern over the past several quarters. This indicates an improvement in the company's ability to meet its short-term debt obligations. However, it is important to monitor future trends in the quick ratio to ensure that the company continues to maintain a strong liquidity position.
Peer comparison
Jun 30, 2024