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