KLA-Tencor Corporation (KLAC)
Quick 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 | 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 |
| Receivables | US$ in thousands | 1,833,040 | 1,625,260 | 1,843,880 | 1,630,750 | 1,753,360 | 1,948,470 | 2,287,220 | 1,858,820 | 1,812,980 | 1,619,970 | 1,729,280 | 1,465,070 | 1,306,580 | 1,203,190 | 1,220,290 | 1,030,380 | 1,109,810 | 1,119,260 | 1,192,240 | 1,067,990 |
| 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 |
| Quick ratio | 1.36 | 1.33 | 1.13 | 1.30 | 1.33 | 1.42 | 1.48 | 1.53 | 1.57 | 1.48 | 1.64 | 1.62 | 1.81 | 1.80 | 1.74 | 1.76 | 1.82 | 1.67 | 1.67 | 1.45 |
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 shown some fluctuation over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio of 1 or higher is generally considered healthy, indicating that the company has enough liquid assets to cover its current liabilities.
Looking at the trend in KLA-Tencor's quick ratio, we can observe that it has generally remained above the threshold of 1 over the periods presented. The ratios have ranged from a low of 1.13 to a high of 1.81, with the latest reported ratio at 1.36 as of June 30, 2024.
Having a quick ratio consistently above 1 demonstrates the company's strong liquidity position and ability to meet its short-term financial obligations without relying heavily on inventory. The slight fluctuations seen in the quick ratio could be attributed to changes in the composition of current assets and liabilities or variations in business operations.
Overall, the trend in KLA-Tencor's quick ratio indicates that the company has maintained a healthy liquidity position over the analyzed periods, which is a positive indicator of its financial strength and ability to manage short-term obligations.
Peer comparison
Jun 30, 2024