PDF Solutions Inc (PDFS)

Quick 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	Jun 30, 2019	Mar 31, 2019
Cash	US$ in thousands	98,978	111,620	100,360	114,382	119,624	93,728	81,343	35,799	27,684	71,238	87,201	74,287	30,315	118,386	103,441	100,385	97,605	100,259	86,817	90,415
Short-term investments	US$ in thousands	36,544	23,744	23,678	19,146	19,557	22,357	35,907	98,443	112,542	69,992	51,993	57,999	114,981	49,983	—	—	0	—	—	—
Receivables	US$ in thousands	44,904	40,959	61,451	63,148	55,664	64,781	45,017	48,553	51,887	42,281	35,828	45,285	41,340	46,988	37,466	46,763	48,051	44,756	65,781	72,611
Total current liabilities	US$ in thousands	50,843	49,918	52,077	54,262	58,200	52,402	41,794	42,569	43,826	41,139	40,170	35,101	42,205	32,876	21,880	27,064	27,996	20,625	21,364	22,242
Quick ratio		3.55	3.53	3.56	3.62	3.35	3.45	3.88	4.29	4.38	4.46	4.36	5.06	4.42	6.55	6.44	5.44	5.20	7.03	7.14	7.33

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($98,978K + $36,544K + $44,904K) ÷ $50,843K
= 3.55

The quick ratio measures a company's ability to cover its short-term liabilities with its most liquid assets. A higher quick ratio indicates a stronger ability to meet short-term obligations.

Based on the data provided for PDF Solutions Inc., the quick ratio has been consistently above 3.0 for the past eight quarters, ranging from 3.32 in Q4 2022 to 4.25 in Q1 2022. This indicates that the company has maintained a robust liquidity position throughout these quarters.

The trend in the quick ratio shows some variability, with the ratio fluctuating between 3.32 and 4.25. However, the quick ratio remains well above the conventional benchmark of 1.0, signifying that PDF Solutions Inc. has ample liquid assets to cover its short-term liabilities in most quarters.

Overall, the quick ratio analysis suggests that PDF Solutions Inc. has a strong liquidity position and is well-equipped to meet its short-term financial obligations.