Lattice Semiconductor Corporation (LSCC)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 128,317 | 145,722 | 131,570 | 182,332 | 118,081 |
| Short-term investments | US$ in thousands | — | — | — | — | 0 |
| Receivables | US$ in thousands | 104,373 | 94,018 | 79,859 | 64,581 | 64,917 |
| Total current liabilities | US$ in thousands | 97,400 | 127,373 | 106,181 | 79,731 | 99,819 |
| Quick ratio | 2.39 | 1.88 | 1.99 | 3.10 | 1.83 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($128,317K
+ $—K
+ $104,373K)
÷ $97,400K
= 2.39
The quick ratio, also known as the acid-test ratio, measures Lattice Semiconductor Corporation's ability to meet its short-term obligations using its most liquid assets. A higher quick ratio indicates a stronger liquidity position.
From 2019 to 2023, Lattice Semiconductor's quick ratio has fluctuated:
- In 2019, the quick ratio was 1.83, reflecting the company's ability to cover its current liabilities with its quick assets.
- The quick ratio increased significantly to 3.10 in 2020, indicating a substantial improvement in liquidity.
- In 2021, the quick ratio decreased to 1.99 but remained above the ideal benchmark of 1.
- In 2022, the quick ratio further decreased to 1.88, signaling a slight decline in liquidity.
- In 2023, the quick ratio increased to 2.39, showing an improvement in the company's ability to cover short-term obligations with its quick assets compared to the previous year.
Overall, the trend in Lattice Semiconductor's quick ratio indicates some variability in liquidity over the years, with fluctuations that should be monitored to assess the company's short-term financial health.
Peer comparison
Dec 31, 2023