MKS Instruments Inc (MKSI)
Cash ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 420,000 | 439,000 | 505,000 | 845,000 | 507,000 | 859,000 | 757,000 | 880,000 | 909,000 | 884,000 | 1,065,000 | 1,011,000 | 966,000 | 633,300 | 755,200 | 699,800 | 608,300 | 493,300 | 428,900 | 442,000 |
| Short-term investments | US$ in thousands | — | — | 1,000 | 1,000 | 0 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 2,000 | 42,000 | 76,000 | 246,300 | 283,800 | 209,700 | 227,700 | 222,400 | 178,100 | 61,400 |
| Total current liabilities | US$ in thousands | 775,000 | 781,000 | 740,000 | 721,000 | 848,000 | 838,000 | 835,000 | 876,000 | 952,000 | 1,011,000 | 457,000 | 436,000 | 460,000 | 437,100 | 420,300 | 371,900 | 373,900 | 364,300 | 351,600 | 321,600 |
| Cash ratio | 0.54 | 0.56 | 0.68 | 1.17 | 0.60 | 1.03 | 0.91 | 1.01 | 0.96 | 0.88 | 2.33 | 2.42 | 2.27 | 2.01 | 2.47 | 2.45 | 2.24 | 1.96 | 1.73 | 1.57 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($420,000K
+ $—K)
÷ $775,000K
= 0.54
The cash ratio of MKS Instruments Inc has shown fluctuating trends over the years, indicating variations in the company's ability to cover its short-term obligations with its readily available cash and cash equivalents.
From the data provided, the cash ratio increased steadily from March 31, 2020, to June 30, 2021, reaching a peak of 2.47. This suggests that the company had a strong ability to meet its short-term liabilities solely with its cash holdings during this period.
However, starting from September 30, 2021, the cash ratio began to decline, reaching a low of 0.54 by December 31, 2024. This downward trend indicates a potential decrease in the company's liquidity and ability to cover its short-term obligations with its available cash and cash equivalents during this period.
The significant decrease in the cash ratio from 2.47 on June 30, 2021, to 0.54 on December 31, 2024, may imply various factors such as increased short-term obligations, reduced cash reserves, or inefficient cash management practices within the company.
Overall, the fluctuating trend in MKS Instruments Inc's cash ratio highlights the importance of closely monitoring liquidity levels and cash management practices to ensure the company's ability to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024