MKS Instruments Inc (MKSI)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.18 | 3.31 | 3.27 | 3.14 | 2.93 | 2.76 | 5.14 | 5.18 | 4.67 | 4.56 | 5.05 | 5.17 | 4.83 | 4.58 | 4.46 | 4.53 | 4.51 | 4.38 | 4.80 | 4.59 |
| Quick ratio | 1.74 | 1.76 | 1.66 | 1.66 | 1.71 | 1.60 | 3.39 | 3.52 | 3.23 | 3.03 | 3.50 | 3.58 | 3.29 | 2.96 | 2.81 | 2.75 | 2.72 | 2.59 | 2.71 | 2.69 |
| Cash ratio | 1.03 | 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 | 1.65 | 1.53 | 1.61 | 1.56 |
MKS Instruments Inc has maintained a strong level of liquidity over the periods analyzed, as evidenced by its consistently high current ratios, which ranged from 2.93 to 3.31. This indicates the company's ability to meet short-term obligations using its current assets.
The quick ratios, ranging from 1.60 to 1.76, show that MKS Instruments Inc has a slightly lower level of liquidity when only considering its most liquid assets such as cash and accounts receivable. However, these ratios still suggest that the company is comfortably positioned to cover its short-term liabilities without relying on inventory.
The cash ratios, fluctuating between 0.88 and 1.03, demonstrate the company's ability to cover its current liabilities with cash and cash equivalents alone. Although there is some variability in this ratio, MKS Instruments Inc generally maintains a healthy cash position relative to its short-term obligations.
Overall, MKS Instruments Inc's liquidity ratios indicate a consistently stable and strong liquidity position, which enhances the company's ability to navigate unexpected financial challenges and pursue strategic opportunities.
Additional liquidity measure
| 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 conversion cycle | days | 116.62 | 116.24 | 118.35 | 147.27 | 151.14 | 168.48 | 144.12 | 138.03 | 126.44 | 129.07 | 130.06 | 135.68 | 143.86 | 145.04 | 156.65 | 156.16 | 154.12 | 156.83 | 158.50 | 155.52 |
The cash conversion cycle of MKS Instruments Inc has fluctuated over the past few quarters, ranging from 116.24 days to 151.14 days. The trend shows some variability, with an overall improving trend in recent quarters. The company's cash conversion cycle measures the time it takes to convert its investments in inventory and accounts receivable into cash flows from sales. A shorter cash conversion cycle indicates more efficient management of working capital and quicker conversion of assets into cash, which is generally favorable for liquidity and cash flow management. Overall, MKS Instruments Inc has shown some improvement in its cash conversion cycle, but continued monitoring of this trend is advisable to ensure ongoing efficiency in working capital management.