KLA-Tencor Corporation (KLAC)

Quick 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 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
Receivables US$ in thousands 2,263,920 2,311,740 2,334,980 2,024,560 1,902,300 1,712,880 1,944,820 1,757,420 1,935,400 1,940,070 2,282,920 1,857,320 1,926,620 1,618,870 1,825,050 1,558,850 1,396,530 1,301,700 1,313,560 1,028,880
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
Quick ratio 1.65 1.62 1.48 1.39 1.37 1.35 1.16 1.34 1.38 1.41 1.48 1.53 1.61 1.48 1.67 1.66 1.85 1.85 1.79 2.23

June 30, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,078,910K + $2,415,720K + $2,263,920K) ÷ $4,085,800K
= 1.65

The quick ratio of KLA-Tencor Corporation demonstrates a generally stable liquidity position over the period from September 2020 through June 2025. The ratio commenced at 2.23 in September 2020, indicating a strong immediate liquidity, meaning the company's most liquid assets (excluding inventories) were more than twice its current liabilities. Over subsequent quarters, the ratio exhibited a declining trend, reaching a low of approximately 1.16 in December 2023, which still suggests that the company maintained sufficient liquid assets to cover its short-term obligations without relying on inventory sales.

Between December 2023 and June 2025, the ratio increased again from 1.16 to 1.65, signifying an improvement in liquidity positioning. This fluctuation may reflect strategic adjustments in working capital management, shifts in liquid asset holdings, or changes in short-term liabilities.

Overall, despite some variability, the ratio remained above 1 throughout the observed period, indicating consistent liquidity sufficiency. The trend suggests that KLA-Tencor experienced periods of tightening liquidity around late 2023 but managed to restore liquidity levels in subsequent quarters. The relatively stable quick ratio indicates prudent liquidity management, with the company able to meet its near-term liabilities comfortably over the period analyzed.


Peer comparison

Jun 30, 2025

Company name
Symbol
Quick ratio
KLA-Tencor Corporation
KLAC
1.65
Coherent Inc
COHR
1.32

See also:

KLA-Tencor Corporation Quick Ratio (Quarterly Data)