InterDigital Inc (IDCC)
Cash 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 and cash equivalents | US$ in thousands | 437,076 | 518,483 | 277,599 | 430,625 | 693,479 | 539,651 | 833,533 | 783,016 | 706,282 | 467,606 | 410,144 | 396,156 | 473,474 | 746,561 | 670,292 | 515,793 | 745,491 | 735,886 | 531,698 | 503,240 |
| Short-term investments | US$ in thousands | 569,280 | 565,436 | 563,124 | 520,059 | 508,298 | 323,772 | 67,076 | 116,204 | 235,345 | 433,200 | 425,759 | 488,559 | 453,173 | 172,822 | 168,953 | 265,107 | 179,204 | 211,737 | 299,461 | 289,805 |
| Total current liabilities | US$ in thousands | 881,128 | 445,447 | 446,504 | 254,393 | 271,346 | 290,461 | 232,951 | 308,612 | 371,561 | 418,029 | 234,221 | 253,234 | 295,762 | 317,412 | 203,930 | 185,833 | 305,558 | 334,299 | 242,898 | 448,153 |
| Cash ratio | 1.14 | 2.43 | 1.88 | 3.74 | 4.43 | 2.97 | 3.87 | 2.91 | 2.53 | 2.15 | 3.57 | 3.49 | 3.13 | 2.90 | 4.12 | 4.20 | 3.03 | 2.83 | 3.42 | 1.77 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($437,076K
+ $569,280K)
÷ $881,128K
= 1.14
The cash ratio of Interdigital Inc has displayed fluctuations over the past eight quarters. The lowest cash ratio was observed in Q4 2023 at 1.16, indicating that the company had $1.16 in cash and cash equivalents for every $1 of current liabilities. This could potentially raise concerns regarding the company's ability to cover its short-term obligations with its available cash resources.
On the other hand, the highest cash ratio was recorded in Q4 2022 at 4.47, signaling a stronger liquidity position as the company had $4.47 in cash and cash equivalents for every $1 of current liabilities. This suggests a more comfortable ability to meet short-term financial obligations using readily available cash resources.
Overall, while the cash ratio has fluctuated, it is essential for stakeholders to monitor this ratio closely to assess Interdigital Inc's liquidity position and ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023