NXP Semiconductors NV (NXPI)
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 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,862,000 | 4,042,000 | 3,863,000 | 3,930,000 | 3,845,000 | 3,759,000 | 3,545,000 | 2,683,000 | 2,830,000 | 2,303,000 | 2,910,000 | 1,842,000 | 2,275,000 | 3,566,000 | 3,266,000 | 1,079,000 | 1,045,000 | 3,537,000 | 2,789,000 |
| Short-term investments | US$ in thousands | 409,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,111,000 | 3,964,000 | 4,085,000 | 4,213,000 | 3,270,000 | 3,219,000 | 2,941,000 | 2,845,000 | 2,452,000 | 3,438,000 | 2,336,000 | 2,265,000 | 2,017,000 | 3,411,000 | 2,992,000 | 1,831,000 | 1,791,000 | 3,126,000 | 3,385,000 |
| Cash ratio | 1.04 | 1.02 | 0.95 | 0.93 | 1.18 | 1.17 | 1.21 | 0.94 | 1.15 | 0.67 | 1.25 | 0.81 | 1.13 | 1.05 | 1.09 | 0.59 | 0.58 | 1.13 | 0.82 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,862,000K
+ $409,000K)
÷ $4,111,000K
= 1.04
The cash ratio of NXP Semiconductors NV has shown some fluctuations over the past eight quarters, ranging from 1.02 to 1.31. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates that the company has a stronger liquidity position to meet its short-term obligations.
In this case, NXP Semiconductors NV's cash ratio has generally been healthy, staying above 1 for all quarters, which indicates that the company has ample cash on hand to cover its current liabilities if needed. The fluctuations in the cash ratio may be due to changes in the company's cash and cash equivalent balances and short-term liabilities over time.
Overall, a consistent pattern of the cash ratio above 1 demonstrates NXP Semiconductors NV's ability to meet its short-term obligations with its available cash resources, providing a favorable indicator of the company's liquidity position.
Peer comparison
Dec 31, 2023