KLA-Tencor Corporation (KLAC)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 1,215,820 | 1,234,410 | 946,175 | 939,864 | 988,348 |
| Short-term investments | US$ in thousands | 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 | 746,063 | 688,356 | 737,658 | 763,174 |
| Total current liabilities | US$ in thousands | 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 | 1,699,790 | 1,653,270 | 1,718,240 | 1,943,450 |
| Cash ratio | 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 | 1.17 | 1.17 | 0.99 | 0.98 | 0.90 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,977,130K
+ $2,526,870K)
÷ $4,660,770K
= 0.97
The cash ratio of KLA-Tencor Corporation has exhibited fluctuations over the past few quarters. The cash ratio provides insight into a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover these liabilities.
Looking at the trend, the cash ratio has generally been above 1.0 in recent quarters, indicating that the company has had more than enough cash to cover its short-term obligations. However, there were some fluctuations observed, with the ratio dropping to as low as 0.73 in December 2023 and reaching its peak at 1.20 in March 2021.
Overall, the company has maintained a relatively healthy cash ratio, reflecting its ability to meet short-term obligations with ease. It is essential to monitor the trend consistently to evaluate the company's liquidity position and assess its ability to withstand unforeseen financial challenges.
Peer comparison
Jun 30, 2024