Qualcomm Incorporated (QCOM)
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 | 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 |
| Receivables | US$ in thousands | — | 1,960,000 | — | — | — | 4,208,000 | — | — | — | 2,225,000 | — | — | — | 2,698,000 | 940,000 | — | — | 1,060,000 | 1,058,000 | 2,442,000 |
| 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 |
| Quick ratio | 1.31 | 1.38 | 1.02 | 0.85 | 1.14 | 1.18 | 0.91 | 1.16 | 1.25 | 1.61 | 1.13 | 1.27 | 1.33 | 1.60 | 1.46 | 1.02 | 1.24 | 1.49 | 1.42 | 1.21 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($8,133,000K
+ $3,921,000K
+ $—K)
÷ $9,169,000K
= 1.31
The quick ratio of Qualcomm Incorporated, a measure of its ability to meet short-term obligations with its most liquid assets, has fluctuated over the past 20 quarters. The ratio has generally remained above 1, indicating that the company has had an adequate level of liquid assets to cover its current liabilities.
In the most recent quarter, the quick ratio was 1.31, showing a slight decrease from the previous quarter's ratio of 1.38. While the current ratio still indicates that Qualcomm has a strong ability to meet its short-term obligations, the slight decline may warrant further monitoring.
Looking at the trend over the past five quarters, there has been variability in the quick ratio, ranging from a low of 0.85 to a high of 1.38. This variability could be influenced by changes in the company's current assets and liabilities. It is important for investors and stakeholders to continue monitoring Qualcomm's quick ratio to ensure the company maintains a healthy liquidity position.
Peer comparison
Dec 31, 2023