NXP Semiconductors NV (NXPI)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 3,292,000 | 3,862,000 | 3,845,000 | 2,830,000 | 2,275,000 |
| Short-term investments | US$ in thousands | 0 | 409,000 | 0 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,098,000 | 4,111,000 | 3,270,000 | 2,452,000 | 2,017,000 |
| Quick ratio | 1.06 | 1.04 | 1.18 | 1.15 | 1.13 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,292,000K
+ $0K
+ $—K)
÷ $3,098,000K
= 1.06
The quick ratio of NXP Semiconductors NV has shown a generally stable trend over the past five years, increasing from 1.13 in December 31, 2020, to 1.15 in December 31, 2021, and further to 1.18 in December 31, 2022. This indicates the company's ability to meet its short-term obligations with its most liquid assets.
However, there was a slight decrease in the quick ratio to 1.04 in December 31, 2023, suggesting a potential decrease in liquidity or an increase in short-term obligations during that period. Nonetheless, the ratio improved to 1.06 by December 31, 2024, indicating a partial recovery.
Overall, NXP Semiconductors NV has maintained a healthy level of liquidity over the years, with a quick ratio consistently above 1, which generally signifies a strong ability to cover its short-term liabilities with its quick assets.
Peer comparison
Dec 31, 2024