MKS Instruments Inc (MKSI)
Quick 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 | 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 |
| Receivables | US$ in thousands | 615,000 | 609,000 | 597,000 | 576,000 | 603,000 | 618,000 | 631,000 | 572,000 | 720,000 | 730,000 | 481,000 | 480,000 | 442,600 | 443,400 | 431,700 | 420,800 | 392,700 | 363,900 | 381,100 | 381,000 |
| 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 |
| Quick ratio | 1.34 | 1.34 | 1.49 | 1.97 | 1.31 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($420,000K
+ $—K
+ $615,000K)
÷ $775,000K
= 1.34
The quick ratio of MKS Instruments Inc has exhibited fluctuations over the past few years, ranging from a high of 3.58 on March 31, 2021, to a low of 1.31 on December 31, 2023. Generally, a quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities, with higher values suggesting a stronger financial position.
The company's quick ratio experienced a noticeable decline from September 30, 2022, to March 31, 2023, dropping from 3.03 to 1.66. This decrease could be indicative of potential liquidity challenges or changes in the company's asset composition during that period.
Subsequently, the quick ratio saw some fluctuations but generally remained above 1, indicating that MKS Instruments Inc maintained a relatively healthy liquidity position through June 30, 2024. However, the ratio dipped to 1.34 on both September 30, 2024, and December 31, 2024, possibly signaling a need for closer monitoring of the company's liquidity levels in the future.
Peer comparison
Dec 31, 2024