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 | 2,487,020 | 2,082,770 | 2,004,700 | 1,789,780 | 1,944,820 | 1,724,050 | 1,870,500 | 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 | 1.51 | 1.40 | 1.40 | 1.36 | 1.16 | 1.33 | 1.37 | 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