InterDigital Inc (IDCC)
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 | 527,360 | 401,090 | 299,762 | 440,242 | 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 |
| Short-term investments | US$ in thousands | 430,848 | 412,120 | 460,581 | 544,393 | 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 |
| Receivables | US$ in thousands | 204,993 | 237,677 | 245,176 | 167,588 | 137,127 | 75,934 | 79,801 | 66,854 | 117,299 | 64,103 | 63,183 | 55,290 | 88,240 | 49,734 | 46,214 | 70,334 | 69,592 | — | — | — |
| Total current liabilities | US$ in thousands | 725,810 | 711,771 | 699,347 | 903,819 | 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 |
| Quick ratio | 1.60 | 1.48 | 1.44 | 1.27 | 1.30 | 2.60 | 2.06 | 4.00 | 4.86 | 3.19 | 4.14 | 3.09 | 2.77 | 2.27 | 3.77 | 3.77 | 3.37 | 2.90 | 4.12 | 4.20 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($527,360K
+ $430,848K
+ $204,993K)
÷ $725,810K
= 1.60
The quick ratio of InterDigital Inc, which measures the company's ability to meet its short-term obligations with its most liquid assets, has shown fluctuations over the period from March 31, 2020, to December 31, 2024.
The quick ratio started at a high of 4.20 on March 31, 2020, indicating a strong ability to cover short-term liabilities with liquid assets. Subsequently, the ratio fluctuated but generally remained above 2.0 until June 30, 2023, suggesting a healthy liquidity position.
However, there was a notable decline in the quick ratio below 2.0 from September 30, 2023, to December 31, 2024, indicating a potential decrease in the company's ability to meet its short-term obligations with its quick assets. This may raise concerns about the company's liquidity position and its ability to manage short-term financial commitments.
Overall, it is essential for InterDigital Inc to monitor its quick ratio closely and take necessary steps to ensure a healthy liquidity position to meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2024