Qualcomm Incorporated (QCOM)
Quick ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 8,450,000 | 2,773,000 | 7,116,000 | 6,707,000 | 11,839,000 |
| Short-term investments | US$ in thousands | 2,874,000 | 7,054,000 | 9,914,000 | 4,507,000 | 421,000 |
| Receivables | US$ in thousands | 1,960,000 | 4,208,000 | 2,225,000 | 2,698,000 | 1,060,000 |
| Total current liabilities | US$ in thousands | 9,628,000 | 11,866,000 | 11,951,000 | 8,672,000 | 8,935,000 |
| Quick ratio | 1.38 | 1.18 | 1.61 | 1.60 | 1.49 |
September 30, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($8,450,000K
+ $2,874,000K
+ $1,960,000K)
÷ $9,628,000K
= 1.38
The quick ratio of Qualcomm Incorporated has fluctuated over the past five years, ranging from 1.18 to 1.61. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its current liabilities.
In 2023, the quick ratio of 1.38 suggests that Qualcomm has $1.38 in liquid assets available to cover each dollar of its current liabilities. This indicates that Qualcomm is in a strong position to meet its short-term obligations.
The quick ratio trend over the five-year period shows some variability, but overall Qualcomm has maintained a healthy liquidity position. It's important to note that while a quick ratio above 1 is generally considered favorable, the ideal ratio can vary by industry and company circumstances.
In conclusion, Qualcomm's quick ratio indicates the company's ability to meet its short-term obligations and suggests a strong liquidity position.
Peer comparison
Sep 30, 2023