Lattice Semiconductor Corporation (LSCC)
Quick 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 | 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 |
| Receivables | US$ in thousands | 104,373 | 105,913 | 96,587 | — | 94,018 | — | — | — | 79,859 | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 2.39 | 2.19 | 2.18 | 1.15 | 1.88 | 1.08 | 1.11 | 1.24 | 1.99 | 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($128,317K
+ $—K
+ $104,373K)
÷ $97,400K
= 2.39
The quick ratio of Lattice Semiconductor Corporation has shown some fluctuations over the past few quarters. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets.
From the data provided, we observe that the quick ratio ranged from as low as 1.08 to as high as 2.39. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities.
In the most recent quarter, as of December 31, 2023, the quick ratio stands at 2.39, which indicates a strong liquidity position as the company has more than twice the amount of quick assets compared to its current liabilities. This high quick ratio suggests that Lattice Semiconductor Corporation is well-positioned to cover its short-term obligations.
However, it's important to note that the quick ratio decreased significantly in the quarter ending March 31, 2023, dropping to 1.15. This could signal potential liquidity concerns during that period. Fortunately, the company was able to improve its quick ratio in subsequent quarters.
Overall, fluctuations in the quick ratio of Lattice Semiconductor Corporation indicate the company's ability to manage its liquidity effectively, with the most recent data pointing towards a strong liquidity position.
Peer comparison
Dec 31, 2023