Super Micro Computer Inc (SMCI)

Quick ratio

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Cash	US$ in thousands	1,669,770	1,669,770	440,459	267,397	232,266
Short-term investments	US$ in thousands	—	—	100	300	4,578
Receivables	US$ in thousands	2,749,270	2,668,420	1,148,260	834,513	463,834
Total current liabilities	US$ in thousands	2,345,720	2,403,940	1,374,650	1,470,020	968,896
Quick ratio		1.88	1.80	1.16	0.75	0.72

June 30, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,669,770K + $—K + $2,749,270K) ÷ $2,345,720K
= 1.88

The quick ratio of Super Micro Computer Inc. exhibits a consistent upward trend over the observed period from June 30, 2021, to June 30, 2025. Specifically, the ratio increased from 0.72 in 2021 to 0.75 in 2022, indicating a slight improvement in the company's ability to meet its short-term obligations using its most liquid assets. This modest increase suggests enhanced liquidity or efficient management of liquid assets during that period.

A more notable growth is observed from 2022 to 2023, where the quick ratio rose to 1.16. Surpassing the critical threshold of 1.0, this signifies that the company's quick assets comfortably cover its current liabilities, reflecting a stronger liquidity position and reduced reliance on inventory or less liquid current assets.

The upward trajectory continues markedly through to 2024 and 2025, with ratios reaching 1.80 and 1.88, respectively. Such levels indicate a robust liquidity profile, where the company maintains readily available liquid assets well above its short-term obligations. This improvement could be attributed to effective working capital management, increased cash or equivalent holdings, or a reduction in short-term liabilities.

Overall, the progressive increase in the quick ratio suggests that Super Micro Computer Inc. has been strengthening its liquidity position over the specified period, moving from a somewhat tight liquidity stance in 2021 toward a considerably more liquid and potentially more financially stable position in 2024 and 2025.