MaxLinear Inc (MXL)
Quick 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 | 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 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 85,464 | 47,930 | 84,940 | 126,230 | 170,619 | 158,232 | 155,834 | 188,733 | 170,971 | 178,072 | 137,065 | 125,693 | 119,724 | 106,867 | 135,321 | 87,521 | 67,442 | 105,355 | 41,434 | 44,796 |
| 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 |
| Quick ratio | 1.12 | 1.16 | 1.42 | 1.42 | 1.61 | 1.55 | 1.66 | 1.38 | 1.10 | 1.08 | 1.18 | 1.26 | 1.21 | 1.19 | 1.25 | 1.19 | 0.93 | 0.96 | 2.13 | 2.29 |
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 fluctuations over the analyzed period. Starting at a healthy level of 2.29 in March 2020, the ratio declined to 0.93 by December 2020, indicating a potential liquidity concern. However, the company's liquidity position improved in the subsequent quarters, reaching a peak of 1.66 in June 2023.
Throughout the analysis period, the quick ratio generally stayed above 1, suggesting that MaxLinear Inc has sufficient liquid assets to cover its current liabilities. A quick ratio above 1 is typically considered favorable as it indicates the company can meet its short-term obligations without relying heavily on inventory sales.
The fluctuations in the quick ratio highlight the importance of monitoring a company's liquidity position over time to ensure it remains stable and sustainable. Overall, the trend of the quick ratio for MaxLinear Inc indicates a generally stable liquidity position throughout the analyzed period.
Peer comparison
Dec 31, 2024