Lumentum Holdings Inc (LITE)
Cash ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 436,700 | 859,000 | 1,290,200 | 774,300 | 298,000 |
| Short-term investments | US$ in thousands | 450,300 | 1,154,600 | 1,258,800 | 1,171,700 | 1,255,800 |
| Total current liabilities | US$ in thousands | 269,300 | 633,800 | 716,500 | 664,600 | 283,000 |
| Cash ratio | 3.29 | 3.18 | 3.56 | 2.93 | 5.49 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($436,700K
+ $450,300K)
÷ $269,300K
= 3.29
The cash ratio of Lumentum Holdings Inc has fluctuated over the past five years. As of June 30, 2024, the cash ratio stands at 3.29, showing the company has $3.29 in cash and cash equivalents for every $1 of current liabilities. This indicates that the company continues to maintain a healthy level of liquidity to cover its short-term obligations. Comparing this to the previous years, the cash ratio was relatively stable at around 3 in 2023 and 2022, suggesting consistent liquidity management. In 2021, the cash ratio decreased to 2.93, indicating slightly lower liquidity compared to the surrounding years. Notably, in 2020, the cash ratio was significantly higher at 5.49, demonstrating a substantial liquidity position relative to its current liabilities. Overall, Lumentum Holdings Inc has generally maintained a strong cash position to meet its short-term obligations over the years, with some fluctuations in its cash ratio.
Peer comparison
Jun 30, 2024