Lattice Semiconductor Corporation (LSCC)

Cash ratio

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	128,317	114,397	103,773	112,136	145,722	118,766	117,882	122,989	131,570	181,452	187,734	185,268	182,332	182,268	165,175	176,572	118,081	97,413	122,636	130,391
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0	0	0	2,000
Total current liabilities	US$ in thousands	97,400	100,663	91,966	97,158	127,373	110,278	106,408	99,063	106,181	103,369	88,572	80,679	79,731	87,834	90,522	93,727	99,819	81,428	83,117	70,189
Cash ratio		1.32	1.14	1.13	1.15	1.14	1.08	1.11	1.24	1.24	1.76	2.12	2.30	2.29	2.08	1.82	1.88	1.18	1.20	1.48	1.89

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($128,317K + $—K) ÷ $97,400K
= 1.32

The cash ratio of Lattice Semiconductor Corporation has exhibited fluctuations over the past few quarters. The ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, stood at 1.32 as of December 31, 2023. This indicates that the company had $1.32 of cash and cash equivalents for every dollar of current liabilities at the end of the period.

The trend in the cash ratio shows a decline from a high of 2.30 in March 2021 to the recent low of 1.32 in December 2023. This downward trend suggests that the company may have been utilizing its cash reserves for various purposes, such as investments, operations, or debt repayments.

While a cash ratio above 1 implies that the company can cover its short-term liabilities with its available cash, a decreasing trend in the ratio may indicate a potential liquidity challenge if the trend continues. It is important for stakeholders to monitor the company's cash management practices and overall liquidity position to ensure its financial health and ability to meet its obligations in the short term.