MaxLinear Inc (MXL)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 118,575 | 187,288 | 187,353 | 130,572 | 148,901 |
| Short-term investments | US$ in thousands | — | 0 | 18,529 | 0 | — |
| Total current liabilities | US$ in thousands | 182,284 | 222,129 | 341,086 | 207,395 | 233,661 |
| Cash ratio | 0.65 | 0.84 | 0.60 | 0.63 | 0.64 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($118,575K
+ $—K)
÷ $182,284K
= 0.65
The cash ratio of MaxLinear Inc has shown some fluctuations over the past five years. As of December 31, 2020, the company's cash ratio was 0.64, indicating that for every dollar of current liabilities, the company had $0.64 in cash or cash equivalents.
By December 31, 2021, the cash ratio had slightly decreased to 0.63, suggesting a minor reduction in the company's ability to cover its short-term obligations with cash on hand.
In December 31, 2022, the cash ratio decreased further to 0.60, indicating that the company may have experienced some challenges in maintaining sufficient cash reserves relative to its current liabilities.
However, by December 31, 2023, the cash ratio experienced a significant improvement, rising to 0.84. This suggests that the company was able to strengthen its liquidity position and enhance its ability to meet short-term obligations with available cash resources.
In the most recent period ending December 31, 2024, the cash ratio was 0.65, showing a slight decrease from the previous year but still indicating a healthy level of liquidity for the company.
Overall, while there have been fluctuations in MaxLinear Inc's cash ratio over the past five years, the company has generally maintained a reasonable level of liquidity, with periods of improvement in its ability to cover short-term liabilities with cash on hand.
Peer comparison
Dec 31, 2024