Lumentum Holdings Inc (LITE)
Cash 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 and cash equivalents | US$ in thousands | 520,700 | 516,400 | 479,700 | 489,200 | 436,700 | 425,000 | 469,300 | 861,600 | 859,000 | 549,200 | 592,100 | 605,300 | 1,290,200 | 1,130,300 | 552,000 | 611,000 | 774,300 | 687,700 | 321,300 | 269,500 |
| Short-term investments | US$ in thousands | 356,400 | 350,300 | 417,000 | 426,900 | 450,300 | 445,900 | 754,700 | 1,082,700 | 1,154,600 | 1,118,000 | 1,088,300 | 1,019,600 | 1,258,800 | 1,433,800 | 1,470,400 | 1,273,600 | 1,171,700 | 1,366,900 | 1,379,000 | 1,341,200 |
| Total current liabilities | US$ in thousands | 392,800 | 353,000 | 346,900 | 305,100 | 269,300 | 317,600 | 658,400 | 593,700 | 633,800 | 768,900 | 814,300 | 802,800 | 716,500 | 660,700 | 656,700 | 611,700 | 664,600 | 674,200 | 647,300 | 293,400 |
| Cash ratio | 2.23 | 2.46 | 2.58 | 3.00 | 3.29 | 2.74 | 1.86 | 3.27 | 3.18 | 2.17 | 2.06 | 2.02 | 3.56 | 3.88 | 3.08 | 3.08 | 2.93 | 3.05 | 2.63 | 5.49 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($520,700K
+ $356,400K)
÷ $392,800K
= 2.23
The cash ratio of Lumentum Holdings Inc. experienced significant fluctuations over the analyzed period from September 2020 to June 2025. Initially, the ratio was notably high at 5.49 in September 2020, indicating a strong liquidity position characterized by ample cash and cash equivalents relative to current liabilities. This elevated ratio declined substantially to 2.63 by the end of 2020, reflecting a reduction in the company’s short-term liquidity buffer.
Throughout 2021, the cash ratio generally stabilized around the low to mid-three range, with values of 3.05 in March, 2.93 in June, and maintaining at approximately 3.08 through September and December of that year. This suggests a relatively consistent liquidity position, with Lumentum maintaining sufficient cash and equivalents to cover its short-term obligations.
In 2022, the ratio increased again, reaching a peak of 3.88 in March, before gradually declining to 2.02 by September. The downward trend persisted into late 2022 and early 2023, with ratios of 2.06 at the end of 2022 and 2.17 in March 2023, indicating a slight decrease in liquidity relative to current liabilities. However, there was a modest recovery thereafter, with the ratio rising to 3.18 in June 2023 and slightly higher at 3.27 in September 2023, restoring a robust liquidity cushion.
Moving into late 2023 and 2024, the ratio exhibited a decline again, with notable lows such as 1.86 in December 2023. Despite this dip, the ratio regained some strength reaching 2.74 in March 2024 and exceeding 3.00 again in subsequent quarters with 3.29 in June 2024 and 3.00 in September 2024, indicating periodic shifts but overall resilience in short-term liquidity.
In the most recent data points for 2025, the cash ratio decreased to 2.46 in March and further to 2.23 in June, yet remained above the threshold of 2. indicating that Lumentum continues to hold a substantial amount of cash relative to its current liabilities, despite the observed declines. The data overall suggests that while the cash ratio has experienced cyclical variations, the company consistently maintained a liquidity position that well covers short-term obligations, with ratios generally ranging between approximately 1.86 and 5.49 over the analyzed period.
Peer comparison
Jun 30, 2025