Qualcomm Incorporated (QCOM)
Cash 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 and cash equivalents | US$ in thousands | 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 | 11,839,000 | 13,923,000 | 10,135,000 |
| Short-term investments | US$ in thousands | 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 | 421,000 | 435,000 | 195,000 |
| Total current liabilities | US$ in thousands | 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 | 8,935,000 | 10,853,000 | 10,517,000 |
| Cash ratio | 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 | 1.37 | 1.32 | 0.98 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($8,133,000K
+ $3,921,000K)
÷ $9,169,000K
= 1.31
The cash ratio of Qualcomm Incorporated has fluctuated over the period under review. It measures the company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
In the recent quarters, Qualcomm's cash ratio has shown a generally increasing trend, reaching 1.31 by December 31, 2023, which suggests that the company had $1.31 of cash and cash equivalents for every dollar of current liabilities at that time. This indicates an improvement in Qualcomm's liquidity position compared to the earlier quarters.
However, the cash ratio was at its lowest point at 0.83 on September 30, 2022, which could have signaled a potential liquidity concern during that period. It rebounded in the subsequent quarters and has been on an upward trajectory since then.
Overall, Qualcomm's cash ratio indicates that the company has maintained a relatively strong liquidity position throughout the period, with some fluctuations that might warrant closer monitoring to ensure continued financial stability.
Peer comparison
Dec 31, 2023