MKS Instruments Inc (MKSI)
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 | 875,000 | 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 | 414,600 | 386,281 | 366,935 | 418,016 |
| Short-term investments | US$ in thousands | 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 | 109,400 | 88,847 | 92,985 | 44,326 |
| Receivables | US$ in thousands | 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 | 341,064 | 327,983 | 313,530 | 335,990 |
| Total current liabilities | US$ in thousands | 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 | 317,700 | 310,657 | 285,156 | 296,559 |
| 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 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($875,000K
+ $0K
+ $603,000K)
÷ $848,000K
= 1.74
The quick ratio of MKS Instruments Inc has fluctuated over the past few quarters, ranging from a low of 1.60 to a high of 3.58. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term liabilities.
In the most recent quarter, the quick ratio was 1.74, suggesting that MKS Instruments Inc had $1.74 in liquid assets available for every $1 of current liabilities. This indicates a relatively healthy liquidity position. The quick ratio has generally remained above 2 in recent quarters, indicating a comfortable buffer to cover short-term obligations.
It is important to note that a quick ratio that is too high may suggest that the company is holding excess cash or liquid assets that could be deployed more effectively elsewhere. On the other hand, a quick ratio that is too low may indicate potential liquidity issues. Overall, MKS Instruments Inc's quick ratio trend indicates a well-managed liquidity position with a consistent ability to meet short-term obligations.
Peer comparison
Dec 31, 2023