MACOM Technology Solutions Holdings Inc (MTSI)

Cash ratio

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 Dec 31, 2019
Cash and cash equivalents US$ in thousands 146,806 117,304 114,990 163,586 173,952 121,520 136,573 126,155 119,952 132,170 127,575 273,396 156,537 144,134 105,540 128,728 129,441 131,870 120,735 108,184
Short-term investments US$ in thousands 435,082 404,196 361,423 299,705 340,574 466,072 440,735 468,577 466,580 404,169 375,449 204,314 188,365 164,766 162,554 226,044 203,711 133,248 100,847 101,879
Total current liabilities US$ in thousands 108,184 103,089 108,853 102,869 83,525 210,637 91,249 93,784 97,214 101,433 94,323 97,191 93,044 87,104 88,573 98,156 94,950 95,017 92,964 94,639
Cash ratio 5.38 5.06 4.38 4.50 6.16 2.79 6.33 6.34 6.03 5.29 5.33 4.92 3.71 3.55 3.03 3.61 3.51 2.79 2.38 2.22

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($146,806K + $435,082K) ÷ $108,184K
= 5.38

The cash ratio of MACOM Technology Solutions Holdings Inc has shown fluctuations over the past few quarters, ranging from a low of 2.22 to a high of 6.34. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, as the company has more cash on hand relative to its current liabilities.

Analyzing the trend in the cash ratio, we observed that there was an increase in the ratio from the beginning of 2020 to mid-2021, indicating an improvement in the company's liquidity position during this period. However, in the latter half of 2021 and through 2022, the cash ratio fluctuated but generally remained above 5. This suggests that the company continued to maintain a healthy level of cash reserves relative to its short-term obligations.

In the most recent quarters, the cash ratio has remained relatively stable, with values ranging between 4.38 and 5.38. This indicates that MACOM Technology Solutions Holdings Inc has sustained its liquidity position, although there was a slight decrease in the ratio compared to the high values seen in mid-2021. Overall, the company appears to have adequate cash reserves to cover its short-term liabilities based on the trend in the cash ratio.


Peer comparison

Sep 30, 2024