Harmonic Inc (HLIT)
Cash 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 and cash equivalents | US$ in thousands | 101,457 | 58,174 | 48,677 | 84,305 | 84,269 | 75,622 | 71,031 | 90,877 | 89,586 | 105,280 | 121,819 | 100,739 | 133,431 | 128,434 | 115,177 | 100,777 | 98,645 | 70,817 | 77,744 | 71,712 |
| Short-term investments | US$ in thousands | — | 327 | — | — | — | 6,305 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 167,569 | 161,662 | 151,901 | 274,818 | 272,394 | 275,219 | 287,689 | 305,898 | 322,072 | 221,942 | 221,984 | 230,856 | 224,461 | 203,739 | 186,371 | 192,565 | 147,295 | 145,770 | 145,401 | 196,728 |
| Cash ratio | 0.61 | 0.36 | 0.32 | 0.31 | 0.31 | 0.30 | 0.25 | 0.30 | 0.28 | 0.47 | 0.55 | 0.44 | 0.59 | 0.63 | 0.62 | 0.52 | 0.67 | 0.49 | 0.53 | 0.36 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($101,457K
+ $—K)
÷ $167,569K
= 0.61
The cash ratio of Harmonic Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The ratio ranged from a low of 0.25 on June 30, 2023, to a high of 0.67 on December 31, 2020. Generally, a higher cash ratio is favorable as it suggests a company has sufficient liquid assets to meet its short-term obligations.
The ratio experienced some volatility during the period, indicating potential variations in the company's liquidity position. It decreased notably from December 31, 2020, to March 31, 2022, but then showed some improvement.
It is important to keep monitoring the cash ratio to assess Harmonic Inc's liquidity position and its ability to meet short-term financial obligations. A sustained high cash ratio may indicate excess cash holdings, while a low ratio could suggest potential liquidity challenges.
Peer comparison
Dec 31, 2024