KLA-Tencor Corporation (KLAC)
Quick ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,977,130 | 1,927,860 | 1,584,910 | 1,434,610 | 1,234,410 |
| Short-term investments | US$ in thousands | 2,526,870 | 1,315,290 | 1,123,100 | 1,059,910 | 746,063 |
| Receivables | US$ in thousands | 1,833,040 | 1,753,360 | 1,812,980 | 1,306,580 | 1,109,810 |
| Total current liabilities | US$ in thousands | 4,660,770 | 3,742,840 | 2,871,080 | 2,103,230 | 1,699,790 |
| Quick ratio | 1.36 | 1.33 | 1.57 | 1.81 | 1.82 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,977,130K
+ $2,526,870K
+ $1,833,040K)
÷ $4,660,770K
= 1.36
The quick ratio of KLA-Tencor Corporation has exhibited some fluctuations over the past five years. As of June 30, 2024, the quick ratio stood at 1.36, which indicates that the company had $1.36 of liquid assets available to cover each dollar of its current liabilities.
Comparing this to the previous years, we observe a slight increase from 1.33 in 2023 to 1.36 in 2024, suggesting a potential improvement in the company's ability to meet its short-term obligations using its most liquid assets.
However, when looking at a longer timeframe, we can see a downward trend in the quick ratio from 1.82 in 2020 to 1.36 in 2024. This decline may signal a potential decrease in the company's liquidity position or its ability to quickly cover its short-term liabilities using its current assets.
Overall, while the quick ratio of KLA-Tencor Corporation has fluctuated over the years, it currently stands at a level that indicates adequate liquidity to meet its short-term obligations, albeit showing a downward trend in recent years. Additional analysis and consideration of other liquidity measures would provide a more comprehensive view of the company's liquidity position.
Peer comparison
Jun 30, 2024