MaxLinear Inc (MXL)
Cash 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 and cash equivalents | US$ in thousands | 118,575 | 148,476 | 185,108 | 191,882 | 187,288 | 187,028 | 224,579 | 207,850 | 187,353 | 181,496 | 211,363 | 151,111 | 130,572 | 169,424 | 130,312 | 148,095 | 148,901 | 96,570 | 107,362 | 98,373 |
| Short-term investments | US$ in thousands | — | — | — | — | 0 | 14,612 | 20,488 | 18,681 | 18,529 | 18,587 | 23,864 | 19,051 | 0 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 182,284 | 168,597 | 190,277 | 223,854 | 222,129 | 232,910 | 241,729 | 300,162 | 341,086 | 351,318 | 316,081 | 234,795 | 207,395 | 231,274 | 211,789 | 197,637 | 233,661 | 211,374 | 69,964 | 62,428 |
| Cash ratio | 0.65 | 0.88 | 0.97 | 0.86 | 0.84 | 0.87 | 1.01 | 0.75 | 0.60 | 0.57 | 0.74 | 0.72 | 0.63 | 0.73 | 0.62 | 0.75 | 0.64 | 0.46 | 1.53 | 1.58 |
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 fluctuations over the past five years, ranging from a low of 0.46 in September 2020 to a high of 1.58 in March 2020. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. An increasing trend in the cash ratio signifies a stronger liquidity position, indicating that the company has sufficient cash on hand to meet its short-term obligations.
During the period under review, the cash ratio generally showed a downward trend from 2020 to 2021, with some fluctuation in between. However, from March 2023 onwards, there was an upward trend in the cash ratio, reaching a peak of 1.01 in June 2023 before stabilizing around 0.80 in the subsequent quarters.
A cash ratio above 1 indicates that the company has more cash and cash equivalents than its current liabilities, reflecting a healthy liquidity position. Conversely, a cash ratio below 1 suggests that the company may have difficulty meeting its short-term obligations solely with its cash reserves.
Overall, the cash ratio of MaxLinear Inc has displayed variability but has generally remained above 0.5, indicating that the company has maintained a satisfactory level of liquidity throughout the period analyzed.
Peer comparison
Dec 31, 2024