Super Micro Computer Inc (SMCI)
Cash 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 725,660 | 543,156 | 440,459 | 362,801 | 304,595 | 238,268 | 267,397 | 247,424 | 247,407 | 270,047 | 232,266 | 177,894 | 315,610 | 300,089 | 210,533 | 300,859 | 309,038 | 239,300 | 248,164 | 169,735 |
| Short-term investments | US$ in thousands | 200 | 126,700 | 200 | 200 | 1,590 | 1,590 | 1,590 | 1,556 | 1,556 | 1,556 | 1,556 | 128 | 128 | 128 | 128 | 128 | 128 | 878 | 878 | 7,596 |
| Total current liabilities | US$ in thousands | 1,992,090 | 1,604,820 | 1,374,650 | 1,092,380 | 916,940 | 1,353,360 | 1,470,020 | 1,496,160 | 1,199,580 | 1,101,480 | 968,896 | 781,996 | 672,971 | 589,688 | 707,635 | 784,823 | 671,740 | 588,412 | 605,969 | 564,069 |
| Cash ratio | 0.36 | 0.42 | 0.32 | 0.33 | 0.33 | 0.18 | 0.18 | 0.17 | 0.21 | 0.25 | 0.24 | 0.23 | 0.47 | 0.51 | 0.30 | 0.38 | 0.46 | 0.41 | 0.41 | 0.31 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($725,660K
+ $200K)
÷ $1,992,090K
= 0.36
The cash ratio for Super Micro Computer Inc has shown a fluctuating trend over the past eight quarters, ranging from 0.18 to 0.44. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In the most recent quarter, Q2 2024, the cash ratio stands at 0.44, indicating that the company has $0.44 in cash and cash equivalents for every dollar of current liabilities. This suggests a relatively strong liquidity position and the ability to meet its short-term obligations.
Comparing this to the previous quarters, we see a gradual improvement in the cash ratio from Q3 2023 to Q2 2024. This indicates that the company has been managing its cash resources more efficiently over time.
However, it is worth noting that the cash ratio dipped significantly in Q1 2023 to 0.19, which could have been a cause for concern regarding the company's liquidity position at that time. This decrease might warrant a closer examination of the company's cash management practices during that period.
Overall, the upward trend in the cash ratio indicates that Super Micro Computer Inc has been strengthening its ability to cover short-term obligations with available cash, which is generally a positive sign for investors and creditors.
Peer comparison
Dec 31, 2023