Ichor Holdings Ltd (ICHR)
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 | 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 | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($108,669K
+ $—K
+ $—K)
÷ $135,670K
= 0.80
The quick ratio of Ichor Holdings Ltd, which measures the company's ability to cover its short-term liabilities with its most liquid assets, has shown fluctuations over the period from March 31, 2020, to December 31, 2024.
The quick ratio has varied significantly, starting at a low of 0.27 on March 31, 2020, indicating a weak position to meet short-term obligations with quick assets. The ratio improved gradually to reach a peak of 1.56 on December 31, 2020, showing a strong ability to cover short-term liabilities with liquid assets.
Subsequently, the quick ratio fluctuated, displaying some degree of volatility. There were notable declines, such as on March 31, 2021, and June 30, 2022, where the quick ratio dropped below 1, suggesting a decreased ability to cover short-term obligations with quick assets.
However, there were also periods of recovery, as evidenced by the quick ratio increasing back above 1, indicating an improved liquidity position. The ratio peaked again at 1.17 on June 30, 2024, before declining slightly to 0.80 on December 31, 2024.
Overall, the trend in the quick ratio of Ichor Holdings Ltd suggests varying levels of liquidity and ability to meet short-term obligations with available liquid assets. It is important for the company to maintain a healthy quick ratio above 1 to ensure financial stability and meet its short-term liabilities effectively.
Peer comparison
Dec 31, 2024