FormFactor Inc (FORM)
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 | 190,728 | 184,506 | 201,853 | 192,161 | 178,964 | 108,731 | 97,981 | 112,360 | 106,126 | 121,865 | 138,497 | 167,182 | 151,010 | 153,781 | 160,273 | 173,616 | 187,225 | 185,368 | 199,926 | 169,607 |
| Short-term investments | US$ in thousands | 169,295 | 169,961 | 161,710 | 162,863 | 150,507 | 135,693 | 138,943 | 123,891 | 132,005 | 130,991 | 129,919 | 129,174 | 125,055 | 110,898 | 95,962 | 94,093 | 67,810 | 56,100 | 61,177 | 69,759 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 131,345 | 129,176 | 139,041 | 130,558 | 131,095 | 129,526 | 124,103 | 128,170 | 149,667 | 163,756 | 159,585 | 154,657 | 148,754 | 160,000 | 153,851 | 146,649 | 154,571 | 136,274 | 123,236 | 117,494 |
| Quick ratio | 2.74 | 2.74 | 2.61 | 2.72 | 2.51 | 1.89 | 1.91 | 1.84 | 1.59 | 1.54 | 1.68 | 1.92 | 1.86 | 1.65 | 1.67 | 1.83 | 1.65 | 1.77 | 2.12 | 2.04 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($190,728K
+ $169,295K
+ $—K)
÷ $131,345K
= 2.74
FormFactor Inc's quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has exhibited fluctuations over the years. The quick ratio ranged from a low of 1.54 on September 30, 2022, to a high of 2.74 on multiple occasions, including December 31, 2024. Generally, a quick ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities.
The company's quick ratio has generally been above the benchmark of 1, indicating a strong ability to meet short-term obligations. However, fluctuations in the quick ratio over the years suggest potential shifts in the company's liquidity position and its ability to cover short-term liabilities. It is important for stakeholders to monitor these changes to assess the company's liquidity risk and financial health accurately.
Peer comparison
Dec 31, 2024