Qualcomm Incorporated (QCOM)
Cash ratio
| Sep 30, 2024 | Jun 23, 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 7,849,000 | 7,770,000 | 9,219,000 | 8,133,000 | 8,450,000 | 6,087,000 | 3,488,000 | 4,808,000 | 2,773,000 | 2,676,000 | 7,173,000 | 6,607,000 | 7,116,000 | 7,399,000 | 6,000,000 | 7,076,000 | 6,707,000 | 6,120,000 | 8,403,000 | 11,109,000 |
| Short-term investments | US$ in thousands | 5,451,000 | 5,262,000 | 4,632,000 | 3,921,000 | 2,874,000 | 2,544,000 | 3,188,000 | 6,721,000 | 7,054,000 | 8,098,000 | 8,342,000 | 8,706,000 | 9,914,000 | 5,508,000 | 5,526,000 | 5,222,000 | 4,507,000 | 4,480,000 | 1,543,000 | 314,000 |
| Total current liabilities | US$ in thousands | 10,504,000 | 9,747,000 | 9,143,000 | 9,169,000 | 9,628,000 | 8,463,000 | 7,866,000 | 10,081,000 | 11,866,000 | 11,829,000 | 13,432,000 | 12,273,000 | 11,951,000 | 11,460,000 | 9,070,000 | 9,223,000 | 8,672,000 | 7,914,000 | 9,774,000 | 9,194,000 |
| Cash ratio | 1.27 | 1.34 | 1.51 | 1.31 | 1.18 | 1.02 | 0.85 | 1.14 | 0.83 | 0.91 | 1.16 | 1.25 | 1.42 | 1.13 | 1.27 | 1.33 | 1.29 | 1.34 | 1.02 | 1.24 |
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 shown fluctuating trends over the past few years. As of September 30, 2024, the cash ratio stood at 1.27, indicating that the company had $1.27 in cash and near-cash assets for every dollar of current liabilities. This was a slight decrease from the previous quarter's ratio of 1.34.
Looking at historical data, the cash ratio has generally been above 1, reflecting Qualcomm's ability to cover its short-term obligations with its cash reserves. The highest ratio was observed in the first quarter of 2024 at 1.51, while the lowest was in the first quarter of 2023 at 0.85.
The upward trend in the cash ratio from 2022 to 2024 suggests an improvement in Qualcomm's liquidity position, indicating the company's capability to meet its short-term financial obligations. However, the slight decline in the most recent quarter may warrant further monitoring to ensure the company maintains a healthy level of liquidity. Overall, a cash ratio above 1 signifies that Qualcomm has a sufficient cash position to cover its short-term liabilities, providing a buffer against financial uncertainty.
Peer comparison
Sep 30, 2024