Sanmina Corporation (SANM)
Cash ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 625,860 | 667,570 | 529,857 | 650,026 | 480,526 |
| Short-term investments | US$ in thousands | — | 6,000 | — | — | — |
| Total current liabilities | US$ in thousands | 1,940,680 | 2,033,330 | 2,471,420 | 1,762,990 | 1,522,590 |
| Cash ratio | 0.32 | 0.33 | 0.21 | 0.37 | 0.32 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($625,860K
+ $—K)
÷ $1,940,680K
= 0.32
The cash ratio of Sanmina Corporation has fluctuated over the past five years. The ratio stood at 0.32 as of September 30, 2024, indicating that the company had $0.32 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased slightly compared to the previous year's ratio of 0.33.
In September 2022, the cash ratio was 0.21, which was the lowest among the five years presented. This suggests that the company had experienced a lower level of liquidity, with only $0.21 in cash and cash equivalents for every $1 of current liabilities. The following year, in September 2023, the ratio improved to 0.37, indicating an increase in liquidity compared to the previous year.
Looking back to September 2020, the cash ratio was 0.32, the same as the most recent year. This indicates that the company's liquidity position in September 2024 is similar to that of four years ago. Overall, the trend in the cash ratio for Sanmina Corporation shows some fluctuations, with the company maintaining a moderate level of liquidity over the period analyzed.
Peer comparison
Sep 30, 2024