Rambus Inc (RMBS)

Quick ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 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
Cash	US$ in thousands	99,774	113,980	124,580	112,614	94,767	131,958	122,189	99,876	125,338	141,559	171,460	179,129	107,891	151,871	204,731	109,554	128,967	89,475	103,275	175,446
Short-term investments	US$ in thousands	382,023	318,717	308,306	278,443	331,077	243,588	210,437	192,261	187,892	123,289	180,175	164,562	377,718	267,857	272,382	419,574	373,682	430,746	382,802	259,999
Receivables	US$ in thousands	147,883	117,976	112,703	125,424	133,797	129,353	158,482	159,843	181,066	180,584	210,294	182,980	179,673	184,955	183,276	173,666	166,716	174,366	190,646	216,406
Total current liabilities	US$ in thousands	81,812	74,127	85,034	82,607	89,121	84,196	101,444	96,174	126,709	116,431	161,444	168,402	267,267	95,175	81,426	80,402	85,864	90,882	83,458	80,063
Quick ratio		7.70	7.43	6.42	6.25	6.28	6.00	4.84	4.70	3.90	3.83	3.48	3.13	2.49	6.35	8.11	8.74	7.80	7.64	8.11	8.14

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($99,774K + $382,023K + $147,883K) ÷ $81,812K
= 7.70

The quick ratio of Rambus Inc over the past few years has shown fluctuations but generally remained at healthy levels. Starting from March 31, 2020, the company had a quick ratio of 8.14, indicating a strong ability to meet its short-term obligations with its most liquid assets. The ratio stayed consistently above 7 for the next few quarters, reflecting a robust liquidity position.

However, by September 30, 2021, the quick ratio dropped to 6.35, suggesting a slight decrease in the company's ability to cover its short-term liabilities with its quick assets. This trend continued into December 31, 2021, with a quick ratio of 2.49, indicating a significant decline in liquidity.

Subsequently, Rambus Inc made improvements in its quick ratio, which increased to 6.28 by December 31, 2023, and further improved to 7.70 by December 31, 2024. These increases show that the company enhanced its liquidity position and became more capable of meeting its short-term obligations with its available liquid assets. Overall, the quick ratio analysis indicates fluctuations but a generally healthy liquidity position for Rambus Inc during the period under review.