First Solar Inc (FSLR)

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	1,946,990	1,492,960	829,913	906,634	1,481,270	1,150,980	1,701,220	1,326,360	1,450,650	1,367,460	1,346,890	972,879	1,227,000	1,277,050	1,052,700	929,355	1,352,740	878,999	1,221,570	1,013,400
Short-term investments	US$ in thousands	155,495	329,516	1,054,040	1,364,610	1,096,710	776,213	143,944	223,091	375,389	554,601	418,505	562,735	520,066	353,819	494,080	579,340	811,506	661,552	807,561	1,103,810
Receivables	US$ in thousands	1,342,320	775,320	682,635	298,620	324,337	325,421	454,431	293,357	429,436	248,341	583,028	790,096	292,759	296,784	334,069	387,036	660,969	527,480	396,609	649,395
Total current liabilities	US$ in thousands	1,306,160	1,199,100	1,090,610	1,174,170	1,038,050	816,268	803,554	734,990	726,878	715,236	660,923	669,341	847,398	731,091	747,036	732,435	1,318,210	760,806	843,319	836,516
Quick ratio		2.64	2.17	2.35	2.19	2.80	2.76	2.86	2.51	3.10	3.03	3.55	3.47	2.41	2.64	2.52	2.59	2.14	2.72	2.88	3.31

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,946,990K + $155,495K + $1,342,320K) ÷ $1,306,160K
= 2.64

The quick ratio of First Solar Inc has shown some variability over the past eight quarters. The ratio ranged from a low of 2.43 in Q1 2023 to a high of 3.20 in Q2 2022. Overall, the quick ratio has generally been strong, with most values well above the acceptable benchmark of 1.0. This indicates that the company has a comfortable level of liquid assets to cover its current liabilities in the short term. The trend in the quick ratio over the past eight quarters suggests that First Solar Inc has been effectively managing its liquidity position, although some fluctuations signal potential changes in the company's ability to meet its short-term obligations. It is important for investors and stakeholders to monitor these trends to assess the company's financial health and ability to withstand any potential liquidity challenges in the future.