MaxLinear Inc (MXL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 118,575 | 187,288 | 187,353 | 130,572 | 148,901 |
| Short-term investments | US$ in thousands | — | 0 | 18,529 | 0 | — |
| Receivables | US$ in thousands | 85,464 | 170,619 | 170,971 | 119,724 | 67,442 |
| Total current liabilities | US$ in thousands | 182,284 | 222,129 | 341,086 | 207,395 | 233,661 |
| Quick ratio | 1.12 | 1.61 | 1.10 | 1.21 | 0.93 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($118,575K
+ $—K
+ $85,464K)
÷ $182,284K
= 1.12
The quick ratio of MaxLinear Inc has shown fluctuating trends over the past five years. As of December 31, 2020, the quick ratio was 0.93, indicating that the company may have had difficulty meeting its short-term obligations with its most liquid assets.
However, there has been an improvement in the company's liquidity position over the subsequent years. By December 31, 2021, the quick ratio increased to 1.21, indicating that MaxLinear Inc was in a better position to cover its short-term liabilities with its quick assets.
The quick ratio continued to improve through December 31, 2022, reaching 1.10. This suggests that the company's ability to meet its short-term obligations improved further. By December 31, 2023, the quick ratio was even higher at 1.61, indicating a significant improvement in liquidity.
However, by December 31, 2024, the quick ratio decreased slightly to 1.12. Despite the slight decline, the ratio still indicates that MaxLinear Inc remains in a relatively strong liquidity position, with sufficient quick assets to cover its short-term liabilities.
Overall, the trend in MaxLinear Inc's quick ratio demonstrates a positive trajectory in the company's liquidity management over the past five years, with improvements in its ability to meet short-term obligations.
Peer comparison
Dec 31, 2024