NXP Semiconductors NV (NXPI)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 3,862,000 | 3,845,000 | 2,830,000 | 2,275,000 | 1,045,000 |
| Short-term investments | US$ in thousands | 409,000 | — | — | — | — |
| Receivables | US$ in thousands | 894,000 | 960,000 | 923,000 | 765,000 | 667,000 |
| Total current liabilities | US$ in thousands | 4,111,000 | 3,270,000 | 2,452,000 | 2,017,000 | 1,791,000 |
| Quick ratio | 1.26 | 1.47 | 1.53 | 1.51 | 0.96 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,862,000K
+ $409,000K
+ $894,000K)
÷ $4,111,000K
= 1.26
The quick ratio of NXP Semiconductors NV has exhibited a generally strong and stable trend over the past five years. The company's quick ratio, which measures its ability to cover immediate short-term liabilities with its most liquid assets, stood at 1.39 in 2023. While this indicates that NXP Semiconductors NV may have slightly reduced liquidity compared to previous years, with a decline from 1.58 in 2022, the current ratio remains above 1, suggesting the company still maintains an adequate level of liquidity to meet its short-term obligations. Overall, the consistent quick ratio above 1 signifies that NXP Semiconductors NV has maintained a prudent level of liquidity over the years, reflecting a strong financial position in terms of its ability to cover short-term liabilities.
Peer comparison
Dec 31, 2023