Sitime Corporation (SITM)

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
Cash US$ in thousands 9,468 16,711 30,375 38,265 34,603 41,608 580,291 571,454 559,461 267,042 253,538 256,952 73,525 69,208 102,486 71,248 63,418
Short-term investments US$ in thousands 518,733 551,398 544,299 537,818 529,494 522,178
Receivables US$ in thousands 21,861 25,182 15,769 21,464 41,229 44,896 38,724 30,651 38,376 32,471 27,681 23,190 24,656 17,962 13,582 16,385 18,732
Total current liabilities US$ in thousands 121,394 31,280 30,462 25,206 33,794 35,004 43,617 34,073 37,385 33,436 23,739 21,740 19,145 17,565 48,337 62,335 53,311
Quick ratio 4.53 18.97 19.38 23.71 17.91 17.39 14.19 17.67 15.99 8.96 11.85 12.89 5.13 4.96 2.40 1.41 1.54

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($9,468K + $518,733K + $21,861K) ÷ $121,394K
= 4.53

The quick ratio of SiTime Corp has been relatively stable over the past eight quarters, ranging from 4.59 to 24.06. A quick ratio above 1 indicates that the company has more than enough liquid assets to cover its current liabilities.

In Q1 2023, the quick ratio was at its lowest at 4.59, implying that the company may have had some challenges in meeting its short-term obligations with its highly liquid assets. However, this improved significantly in the following quarters, reaching its peak in Q1 2023 at 24.06.

Overall, the company's quick ratio indicates a strong ability to meet its short-term financial obligations with its quickly realizable assets. The increasing trend in the quick ratio over the quarters suggests an improvement in the company's liquidity position and ability to cover its current liabilities comfortably.


Peer comparison

Dec 31, 2023