MaxLinear Inc (MXL)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 50,411 | 56,339 | 56,618 | 59,639 |
| 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 |
| Quick ratio | 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 | 2.15 | 1.94 | 1.84 | 1.78 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($187,288K
+ $0K
+ $170,619K)
÷ $222,129K
= 1.61
The quick ratio of MaxLinear Inc has shown fluctuation over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
The quick ratio has generally been above 1, suggesting that MaxLinear Inc has had sufficient liquid assets to cover its short-term obligations. However, there have been fluctuations in the ratio over the quarters, with a significant increase from 1.18 in December 2022 to 1.74 in December 2023. This indicates an improvement in the company's liquidity position.
The trend suggests that MaxLinear Inc has been managing its short-term liquidity well, although investors and analysts may want to monitor the ratio closely to ensure continued stability in the company's ability to cover its short-term liabilities.
Peer comparison
Dec 31, 2023