Onto Innovation Inc (ONTO)
Cash 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 and cash equivalents | US$ in thousands | 212,945 | 188,738 | 172,571 | 190,893 | 233,508 | 206,585 | 224,257 | 230,484 | 175,872 | 200,383 | 180,175 | 172,463 | 169,602 | 152,207 | 134,218 | 126,450 | 136,720 | 101,606 | 129,388 | 101,320 |
| Short-term investments | US$ in thousands | 639,383 | 666,666 | 613,461 | 550,038 | 464,303 | 423,079 | 385,346 | 353,034 | 371,912 | 352,329 | 364,825 | 369,448 | 341,741 | 309,344 | 276,621 | 266,450 | 237,002 | 238,797 | 182,673 | 190,629 |
| Total current liabilities | US$ in thousands | 170,089 | 144,736 | 148,420 | 147,053 | 147,726 | 135,758 | 136,937 | 148,418 | 160,558 | 169,553 | 176,667 | 184,679 | 154,526 | 148,617 | 133,168 | 126,412 | 120,091 | 97,231 | 98,715 | 94,328 |
| Cash ratio | 5.01 | 5.91 | 5.30 | 5.04 | 4.72 | 4.64 | 4.45 | 3.93 | 3.41 | 3.26 | 3.08 | 2.93 | 3.31 | 3.11 | 3.09 | 3.11 | 3.11 | 3.50 | 3.16 | 3.10 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($212,945K
+ $639,383K)
÷ $170,089K
= 5.01
The cash ratio of Onto Innovation Inc has displayed a consistent upward trend over the past five years, indicating the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents. Starting at 3.10 in March 2020, the ratio gradually increased to 5.01 by December 2024. This suggests that the company's liquidity position has strengthened over time, providing a cushion against potential financial challenges. With a ratio consistently above 1.0, Onto Innovation Inc appears to have a healthy level of cash reserves relative to its current liabilities, reflecting a solid financial footing to meet its obligations.
Peer comparison
Dec 31, 2024