Silicon Laboratories Inc (SLAB)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 281,607 | 227,504 | 499,915 | 1,074,620 | 202,720 |
| Short-term investments | US$ in thousands | 100,554 | 211,720 | 692,024 | 964,582 | 521,963 |
| Receivables | US$ in thousands | 54,479 | 29,295 | 71,437 | 98,313 | 95,169 |
| Total current liabilities | US$ in thousands | 97,883 | 163,570 | 185,776 | 668,827 | 284,498 |
| Quick ratio | 4.46 | 2.86 | 6.80 | 3.20 | 2.88 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($281,607K
+ $100,554K
+ $54,479K)
÷ $97,883K
= 4.46
Silicon Laboratories Inc's quick ratio has shown a generally positive trend over the years, indicating a strong ability to meet its short-term obligations with its most liquid assets. The quick ratio increased from 2.88 in December 2020 to 3.20 in December 2021, demonstrating improved liquidity. It further surged to 6.80 in December 2022, reflecting a significant increase in the company's ability to cover its current liabilities. Subsequently, the quick ratio decreased to 2.86 in December 2023, possibly indicating a slight decline in short-term liquidity. However, the ratio rebounded to 4.46 in December 2024, signaling an improvement in the company's liquidity position. Overall, Silicon Laboratories Inc has maintained a healthy quick ratio over the years, suggesting a strong ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024