Sanmina Corporation (SANM)

Cash ratio

		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	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	625,860	657,709	650,858	631,590	667,570	656,588	718,203	735,314	529,857	493,305	559,893	627,717	650,026	623,844	575,176	516,030	480,526	1,117,220	1,114,580	430,564
Short-term investments	US$ in thousands	—	—	—	—	6,000	—	—	—	—	—	—	—	—	—	—	—	—	30,000	—	—
Total current liabilities	US$ in thousands	1,940,680	1,821,560	1,847,760	1,822,120	2,033,330	2,157,860	2,254,990	2,570,600	2,471,420	2,462,660	2,298,020	2,096,670	1,762,990	1,587,360	1,418,600	1,473,450	1,522,590	2,213,040	2,131,080	1,530,130
Cash ratio		0.32	0.36	0.35	0.35	0.33	0.30	0.32	0.29	0.21	0.20	0.24	0.30	0.37	0.39	0.41	0.35	0.32	0.52	0.52	0.28

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 shown fluctuations over the past several quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.

In the most recent quarter, as of September 30, 2024, the cash ratio stood at 0.32, indicating that the company had $0.32 in cash and cash equivalents for every $1 of current liabilities. This suggests that Sanmina Corporation may have a reasonable level of liquidity to meet its short-term obligations.

Looking at the trend over the past few quarters, the cash ratio has generally been hovering around the range of 0.30 to 0.36, with some fluctuations. This indicates that the company has been able to maintain a relatively stable level of liquidity over this period.

It is worth noting that the cash ratio was highest in the first quarter of 2021 at 0.52, suggesting a stronger ability to cover short-term liabilities with cash at that point in time. However, the ratio has since declined and fluctuated within a certain range.

Overall, while the cash ratio of Sanmina Corporation has shown some variability, it has generally remained within a reasonable range, indicating that the company has been managing its liquidity adequately to meet its short-term obligations.