Qualcomm Incorporated (QCOM)

Cash ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Cash and cash equivalents	US$ in thousands	7,849,000	8,450,000	2,773,000	7,116,000	6,707,000
Short-term investments	US$ in thousands	5,451,000	2,874,000	7,054,000	9,914,000	4,507,000
Total current liabilities	US$ in thousands	10,504,000	9,628,000	11,866,000	11,951,000	8,672,000
Cash ratio		1.27	1.18	0.83	1.42	1.29

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,849,000K + $5,451,000K) ÷ $10,504,000K
= 1.27

The cash ratio of Qualcomm Incorporated has fluctuated over the past five years. In the latest fiscal year ending on September 30, 2024, the cash ratio was 1.27, indicating that the company had $1.27 in cash and cash equivalents for every $1 of current liabilities. This was an improvement from the previous year's cash ratio of 1.18.

Looking back at the historical trend, the cash ratio was 0.83 in 2022, which was comparatively lower than the more recent years. In 2021, the cash ratio was 1.42, showing a strong liquidity position at that time. Similarly, in 2020, the cash ratio was 1.29, indicating a stable liquidity position.

Overall, while the cash ratio has varied year over year, Qualcomm has shown the ability to maintain a comfortable level of liquidity to cover its short-term obligations. The increasing cash ratio in 2024 compared to the previous year suggests an improved ability to meet its immediate financial obligations using available cash resources.