Kulicke and Soffa Industries Inc (KLIC)
Cash ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 227,147 | 366,917 | 359,748 | 424,660 | 529,402 | 401,806 | 389,102 | 550,613 | 555,537 | 445,781 | 460,453 | 441,490 | 362,788 | 387,999 | 257,333 | 239,670 | 188,127 | 321,775 | 392,307 | 497,374 |
| Short-term investments | US$ in thousands | 350,000 | 235,000 | 275,000 | 285,000 | 230,000 | 310,000 | 345,000 | 245,000 | 220,000 | 300,000 | 230,000 | 367,000 | 377,000 | 247,000 | 307,000 | 337,000 | 342,000 | 194,000 | 248,000 | 119,000 |
| Total current liabilities | US$ in thousands | 183,794 | 165,977 | 165,736 | 181,288 | 181,551 | 196,776 | 195,751 | 221,055 | 248,681 | 274,039 | 274,889 | 343,805 | 351,875 | 308,260 | 259,572 | 200,690 | 157,893 | 142,804 | 262,037 | 202,203 |
| Cash ratio | 3.14 | 3.63 | 3.83 | 3.91 | 4.18 | 3.62 | 3.75 | 3.60 | 3.12 | 2.72 | 2.51 | 2.35 | 2.10 | 2.06 | 2.17 | 2.87 | 3.36 | 3.61 | 2.44 | 3.05 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($227,147K
+ $350,000K)
÷ $183,794K
= 3.14
The cash ratio for Kulicke and Soffa Industries Inc has shown a generally increasing trend over the past few years, indicating the company's improved ability to cover its short-term liabilities with its cash and cash equivalents. The ratio has ranged from 2.06 to 4.18 during the period under consideration.
In recent quarters, the cash ratio has been consistently above 3, reflecting a strong liquidity position for the company. This indicates that the company has more than enough cash on hand to meet its current obligations, providing a cushion in case of any unexpected financial disruptions.
Overall, the increasing trend in the cash ratio suggests that Kulicke and Soffa Industries Inc has been managing its cash effectively and maintaining a healthy liquidity position, which is essential for financial stability and flexibility in managing business operations.
Peer comparison
Sep 30, 2024