Silicon Laboratories Inc (SLAB)

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	281,607	303,082	240,834	191,489	227,504	159,928	234,813	716,377	499,915	483,277	504,850	765,911	1,074,620	1,362,410	303,084	205,224	202,720	230,358	277,659	615,770
Short-term investments	US$ in thousands	100,554	66,596	98,336	141,201	211,720	257,157	271,063	435,699	692,024	893,131	972,845	1,167,810	964,582	1,364,100	314,183	367,708	521,963	491,428	445,685	442,493
Receivables	US$ in thousands	54,479	48,879	41,212	32,616	29,295	102,142	98,256	—	71,437	—	—	—	98,313	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	97,883	118,305	100,113	111,359	163,570	165,143	218,546	693,331	185,776	205,701	232,119	246,208	668,827	458,375	154,882	150,799	284,498	151,146	135,000	446,733
Quick ratio		4.46	3.54	3.80	3.28	2.86	3.14	2.76	1.66	6.80	6.69	6.37	7.85	3.20	5.95	3.99	3.80	2.55	4.78	5.36	2.37

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($281,607K + $100,554K + $54,479K) ÷ $97,883K
= 4.46

The quick ratio of Silicon Laboratories Inc has shown fluctuations over the periods provided in the dataset. It indicates the company's ability to meet its short-term obligations using its most liquid assets, excluding inventories.

The quick ratio has ranged between 1.66 and 7.85 during the period, with the highest ratio observed on March 31, 2022. A quick ratio above 1 suggests that the company has more than enough liquid assets to cover its short-term liabilities.

The ratio peaked at 7.85 on March 31, 2022, indicating a strong ability to meet short-term obligations without relying on inventory. However, the quick ratio decreased in the subsequent periods but remained relatively healthy, with values generally staying above 2.

Overall, the trend in the quick ratio suggests that Silicon Laboratories Inc has managed its liquidity well during the period covered in the dataset, maintaining a strong position to meet short-term obligations with its liquid assets.