KLA-Tencor Corporation (KLAC)
Cash ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,078,910 | 1,977,130 | 1,927,860 | 1,584,910 | 1,434,610 |
| Short-term investments | US$ in thousands | 2,415,720 | 2,526,870 | 1,315,290 | 1,123,100 | 1,059,910 |
| Total current liabilities | US$ in thousands | 4,085,800 | 4,660,770 | 3,742,840 | 2,871,080 | 2,103,230 |
| Cash ratio | 1.10 | 0.97 | 0.87 | 0.94 | 1.19 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,078,910K
+ $2,415,720K)
÷ $4,085,800K
= 1.10
The cash ratio of KLA-Tencor Corporation over the period from June 30, 2021, to June 30, 2025, demonstrates fluctuations indicative of the company's liquidity posture. Beginning at 1.19 in 2021, the cash ratio declined to 0.94 in 2022 and further decreased to 0.87 in 2023, reflecting a reduced proportion of cash and cash equivalents relative to current liabilities during this interval. This downward trend suggests that the company's immediate liquidity, in terms of cash relative to short-term obligations, diminished over these years.
However, the ratio exhibits a modest recovery in the subsequent years, rising to 0.97 in 2024 and surpassing the initial levels to reach 1.10 in 2025. This upward movement indicates a strengthening of the company's short-term liquidity position, with cash holdings becoming more capable of covering current liabilities outright. Overall, the data indicates a period of initial liquidity contraction followed by a recovery and improvement in cash liquidity, culminating in a slightly more conservative and potentially more resilient liquidity stance as of mid-2025.
Peer comparison
Jun 30, 2025