Lumentum Holdings Inc (LITE)
Quick ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 5,800 | 6,700 | 3,900 | 4,100 | 4,300 |
| Total current liabilities | US$ in thousands | 269,300 | 633,800 | 716,500 | 664,600 | 283,000 |
| Quick ratio | 3.32 | 3.19 | 3.56 | 2.93 | 5.51 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($436,700K
+ $450,300K
+ $5,800K)
÷ $269,300K
= 3.32
The quick ratio of Lumentum Holdings Inc has shown some fluctuation over the past five years. In 2024, the quick ratio stands at 3.32, indicating that the company has $3.32 in liquid assets available to cover each dollar of current liabilities. This ratio has increased from 2023, where it was 3.19, suggesting an improvement in the company's ability to meet its short-term obligations. However, the quick ratio has decreased compared to 2022 when it was 3.56, and 2020 when it was 5.51.
Overall, the quick ratio trend for Lumentum Holdings Inc shows variability over the years, with some fluctuations in the company's ability to meet its short-term obligations with its liquid assets. It is essential to monitor this ratio over time to assess the company's liquidity position consistently.
Peer comparison
Jun 30, 2024