Harmonic Inc (HLIT)
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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($101,457K
+ $—K
+ $—K)
÷ $167,569K
= 0.61
The quick ratio of Harmonic Inc has fluctuated over the years, ranging from a low of 0.25 to a high of 0.67. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates a stronger ability to cover short-term liabilities.
Harmonic Inc experienced a significant increase in the quick ratio from December 31, 2020, to March 31, 2021, suggesting an improvement in its liquidity position during that period. However, the quick ratio decreased in the following quarters, showing some variability in the company's ability to quickly cover its short-term obligations.
The quick ratio remained relatively stable around 0.5 in the most recent quarters, indicating that Harmonic Inc generally has enough liquid assets to cover its short-term liabilities. However, the quick ratio dropped to 0.25 in June 30, 2023, which may signal a temporary liquidity challenge that the company faced during that period.
Overall, the quick ratio of Harmonic Inc fluctuated over the years, but it generally indicates the company's ability to meet its short-term obligations with its liquid assets, albeit with some variability in liquidity levels.
Peer comparison
Dec 31, 2024