Lumentum Holdings Inc (LITE)
Quick 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 | 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 |
| Receivables | US$ in thousands | 250,000 | 255,700 | 226,900 | 198,500 | 194,700 | 229,800 | 248,300 | 220,000 | 246,100 | 278,000 | 330,500 | 340,500 | 262,000 | 242,200 | 239,200 | 263,200 | 212,800 | 224,800 | 276,700 | 263,600 |
| 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 |
| Quick ratio | 2.87 | 3.18 | 3.24 | 3.65 | 4.02 | 3.47 | 2.24 | 3.65 | 3.57 | 2.53 | 2.47 | 2.45 | 3.92 | 4.25 | 3.44 | 3.51 | 3.25 | 3.38 | 3.05 | 6.39 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($520,700K
+ $356,400K
+ $250,000K)
÷ $392,800K
= 2.87
The quick ratio of Lumentum Holdings Inc. has exhibited notable fluctuations over the analyzed period from September 30, 2020, through June 30, 2025. Initially, at September 30, 2020, the ratio stood at a high value of 6.39, indicating a strong liquidity position with substantial liquid assets relative to current liabilities. Throughout late 2020 and into 2021, the ratio experienced a significant decline, reaching 3.05 by December 31, 2020, and fluctuating modestly within the range of approximately 3.25 to 3.51 during the first half of 2021.
From mid-2021 onward, the ratio generally remained above 3.25, peaking at 4.25 on March 31, 2022. This suggests a solid level of liquid assets to cover immediate liabilities during this period. However, starting from late 2022, a downward trend became apparent, with the ratio decreasing to 2.45 by September 30, 2022, and maintaining a similar level (2.47) at December 31, 2022. The ratio experienced slight increases thereafter, reaching a high of 3.65 at September 30, 2023, before declining again to 2.24 at the end of 2023.
In early 2024, the ratio showed signs of recovery, with values around 3.47 at March 31, 2024, and further climbing to 4.02 by June 30, 2024. The subsequent quarters saw a stabilization around the 3.65 to 3.65 range until September 30, 2024. As of December 31, 2024, the ratio slightly declined to 3.24, with a further decrease to 3.18 at March 31, 2025. The latest available data from June 30, 2025, indicates a ratio of 2.87.
Overall, the trend indicates that Lumentum Holdings Inc. experienced periods of high liquidity in the initial years, followed by fluctuations and a gradual decrease in the quick ratio, particularly after late 2022. While still maintaining a ratio generally above 2, the decline from peak levels suggests shifts in liquidity management or changes in the composition of liquid assets relative to current liabilities over this period.
Peer comparison
Jun 30, 2025