MaxLinear Inc (MXL)

Cash 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 and cash equivalents	US$ in thousands	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	92,708	66,115	66,629	71,102
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	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	66,562	63,119	66,918	73,483
Cash ratio		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	1.39	1.05	1.00	0.97

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($187,288K + $0K) ÷ $222,129K
= 0.84

The cash ratio of MaxLinear Inc has exhibited some fluctuations over the past eight quarters. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a greater ability to cover short-term liabilities.

The cash ratio has generally trended upwards from 0.68 in December 2022 to 1.01 in September 2023, indicating an improved ability to cover short-term liabilities with cash and cash equivalents. However, there was a slight decline in the cash ratio to 0.97 by December 2023.

The fluctuations in the cash ratio may be attributed to changes in the company's cash and cash equivalents and current liabilities over the reporting periods. It is essential to closely monitor the cash ratio to ensure the company maintains an appropriate level of liquidity to meet its short-term obligations.