NXP Semiconductors NV (NXPI)
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 | 3,292,000 | 2,748,000 | 2,859,000 | 2,908,000 | 3,862,000 | 3,817,000 | 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 |
| Short-term investments | US$ in thousands | 0 | 400,000 | 400,000 | 400,000 | 409,000 | — | — | — | 0 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,098,000 | 2,992,000 | 3,112,000 | 2,928,000 | 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 |
| Quick ratio | 1.06 | 1.05 | 1.05 | 1.13 | 1.04 | 0.96 | 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 |
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, which measures the company's ability to meet its short-term obligations with its most liquid assets, has shown some fluctuations over the recent quarters.
From March 31, 2020, to December 31, 2021, the quick ratio improved steadily from 0.59 to 1.13. This indicated an enhancement in the company's ability to cover its current liabilities with its quick assets.
However, in the following quarters, the quick ratio experienced some volatility. In March 31, 2022, the ratio dropped to 0.94, signifying a potential decrease in the company's short-term liquidity. The ratio recovered in the subsequent quarter, reaching 1.21 by June 30, 2022, indicating a better ability to meet its short-term obligations.
The quick ratio then fluctuated around the 1.0 mark, ranging from 0.93 to 1.06 between March 31, 2023, and December 31, 2024. These variations suggest that the company's liquidity position was relatively stable during this period.
Overall, while there were some fluctuations in the quick ratio, NXP Semiconductors NV generally maintained a reasonable level of liquidity to meet its short-term debts with its liquid assets during the period under consideration.
Peer comparison
Dec 31, 2024