KLA-Tencor Corporation (KLAC)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,078,910 | 1,858,020 | 1,838,280 | 1,977,200 | 1,977,130 | 1,848,170 | 1,665,050 | 1,711,570 | 1,927,860 | 1,568,510 | 1,571,480 | 1,819,280 | 1,584,910 | 1,415,170 | 1,657,060 | 1,509,560 | 1,434,610 | 1,452,150 | 1,431,470 | 2,043,450 |
| Short-term investments | US$ in thousands | 2,415,720 | 2,170,600 | 1,942,130 | 2,652,510 | 2,526,870 | 2,446,140 | 1,677,940 | 1,637,750 | 1,315,290 | 1,321,700 | 1,294,870 | 1,134,240 | 1,123,100 | 1,162,720 | 1,153,400 | 1,115,250 | 1,059,910 | 990,575 | 865,064 | 827,633 |
| Total current liabilities | US$ in thousands | 4,085,800 | 3,909,930 | 4,138,260 | 4,798,210 | 4,660,770 | 4,458,540 | 4,571,000 | 3,817,740 | 3,742,840 | 3,418,520 | 3,482,500 | 3,139,360 | 2,871,080 | 2,828,980 | 2,776,100 | 2,523,010 | 2,103,230 | 2,029,470 | 2,020,110 | 1,748,830 |
| Cash ratio | 1.10 | 1.03 | 0.91 | 0.96 | 0.97 | 0.96 | 0.73 | 0.88 | 0.87 | 0.85 | 0.82 | 0.94 | 0.94 | 0.91 | 1.01 | 1.04 | 1.19 | 1.20 | 1.14 | 1.64 |
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 demonstrates notable fluctuations over the analyzed period from September 2020 through June 2025. At the beginning of the period, on September 30, 2020, the cash ratio was relatively high at 1.64, indicating that the company's cash and cash equivalents exceeded its current liabilities, reflecting a strong liquidity position.
Subsequently, the ratio experienced a downward trend through the following quarters, declining to 1.14 by December 31, 2020, and further to approximately 1.20 in March 2021 and 1.19 in June 2021. During this period, the ratio stabilized slightly above 1.0, maintaining a relatively comfortable liquidity cushion.
From September 2021 onward, the cash ratio decreased more noticeably, reaching 1.04 on September 30, 2021, and continued its downward trajectory, reaching approximately 0.82–0.94 between December 2021 and September 2022. This decline suggests a reduction in liquid assets relative to current liabilities, possibly indicating increased utilization of cash for operational needs or investments.
In late 2022 and early 2023, the ratio remained below 1.0, with values such as 0.82 on December 31, 2022, and 0.85–0.88 through March to September 2023. This indicates that cash and cash equivalents were somewhat insufficient to cover all current liabilities solely through liquid assets, implying a moderate liquidity position.
From December 2023 onward, the cash ratio showed a slight upward trend, reaching 0.96 in March 2024, 0.97 in June 2024, and stabilizing around 0.96 in September 2024. The ratio exceeded the 1.0 threshold briefly at 1.03 in March 2025 and further increased to 1.10 by June 2025, implying an improved liquidity position with liquid assets once again surpassing current liabilities.
Overall, the company's cash ratio displays a pattern of initial strength, followed by a period of moderate liquidity, and a subsequent gradual recovery in recent years. The ratio's fluctuations reflect the company's evolving liquidity management, operational cash flow needs, and strategic adjustments over time. The recent rise above 1.0 suggests an enhanced liquidity buffer as of mid-2025, potentially supporting improved short-term financial resilience.
Peer comparison
Jun 30, 2025