Rambus Inc (RMBS)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	94,767	125,338	107,891	128,967	102,176
Short-term investments	US$ in thousands	331,077	187,892	377,718	373,682	305,488
Receivables	US$ in thousands	133,797	181,066	179,673	166,716	228,405
Total current liabilities	US$ in thousands	89,121	126,709	267,267	85,864	86,179
Quick ratio		6.28	3.90	2.49	7.80	7.38

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($94,767K + $331,077K + $133,797K) ÷ $89,121K
= 6.28

The quick ratio of Rambus Inc. has fluctuated over the past five years. In 2023, the quick ratio was 6.67, indicating that the company had $6.67 of liquid assets available to cover each $1 of current liabilities. This represents a significant increase from the previous year's quick ratio of 4.00.

The quick ratio was at its lowest in 2021 at 2.53, suggesting a lower level of liquidity compared to other years. The quick ratio then substantially improved in 2020 to 7.98, indicating a strong ability to cover short-term liabilities with liquid assets.

In 2019, the quick ratio was also relatively high at 7.60, showing a consistent trend of having significant liquid assets to meet short-term obligations over the past few years.

Overall, while the quick ratio has varied, Rambus Inc. has generally maintained a strong liquidity position, with an ability to quickly cover its short-term liabilities with its liquid assets.