Ichor Holdings Ltd (ICHR)
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 | 108,669 | 116,447 | 114,349 | 102,124 | 79,955 | 75,933 | 84,608 | 68,837 | 86,470 | 56,463 | 46,064 | 34,516 | 75,495 | 128,038 | 141,714 | 242,946 | 252,899 | 78,919 | 56,969 | 41,583 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 0 | — | — | 98,706 | 104,951 | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 135,670 | 122,939 | 98,116 | 101,249 | 98,962 | 115,668 | 106,404 | 118,225 | 166,292 | 205,063 | 198,920 | 194,066 | 208,303 | 184,098 | 197,738 | 183,084 | 162,034 | 148,299 | 155,357 | 151,437 |
| Cash ratio | 0.80 | 0.95 | 1.17 | 1.01 | 0.81 | 0.66 | 0.80 | 0.58 | 0.52 | 0.28 | 0.23 | 0.18 | 0.36 | 1.23 | 1.25 | 1.33 | 1.56 | 0.53 | 0.37 | 0.27 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($108,669K
+ $—K)
÷ $135,670K
= 0.80
The cash ratio of Ichor Holdings Ltd has shown fluctuations over the periods analyzed. The cash ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, started at a relatively low level of 0.27 on March 31, 2020. It then improved steadily, reaching its peak at 1.56 on December 31, 2020, signifying a strong ability to meet short-term debt obligations.
After the peak in December 2020, the cash ratio declined gradually, reaching its lowest point of 0.18 on March 31, 2022. This could indicate potential liquidity challenges or increased investment in other assets during this period. However, the company's cash ratio rebounded in the following quarters, showing improvements up to June 30, 2023, with a peak of 1.17.
Subsequently, the cash ratio fluctuated around the 1.0 mark, indicating a stable position in terms of cash reserves relative to short-term liabilities. Notably, there was a slight decrease in the cash ratio to 0.80 on December 31, 2024.
Overall, the cash ratio analysis of Ichor Holdings Ltd shows a mix of fluctuations and stability in its ability to cover short-term obligations with cash and cash equivalents over the analyzed period. It is important for investors and stakeholders to monitor these ratios to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2024