Sandisk Corp (SNDK)

Cash ratio

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013
Cash and cash equivalents US$ in thousands 1,481,000 1,507,000 804,000 322,000 328,000 — — — 3,271,930 1,478,950 698,073 685,790 649,940 809,003 930,835 885,115 1,116,940 986,246 902,765 1,054,130
Short-term investments US$ in thousands — — — — — — — — 1,249,370 2,527,240 1,000,620 1,078,220 1,347,540 1,455,510 1,370,260 1,794,360 1,692,800 1,919,610 1,142,620 1,533,900
Total current liabilities US$ in thousands 1,427,000 1,375,000 1,873,000 1,472,000 2,123,000 — — — 3,692,610 2,003,480 1,139,010 2,037,060 2,090,680 2,190,880 2,214,950 1,956,780 1,878,400 1,230,580 1,192,650 1,107,980
Cash ratio 1.04 1.10 0.43 0.22 0.15 — — — 1.22 2.00 1.49 0.87 0.96 1.03 1.04 1.37 1.50 2.36 1.71 2.34

June 30, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,481,000K + $—K) ÷ $1,427,000K
= 1.04

The cash ratio of Sandisk Corp exhibits notable fluctuations over the analyzed period. From June 30, 2013, to December 31, 2014, the ratio remained relatively high, ranging between approximately 1.03 and 2.36, indicating substantial liquidity and the company's capacity to cover its current liabilities with readily available cash. Specifically, the ratio peaked at 2.36 on December 31, 2013, and maintained a strong liquidity position throughout this period.

Starting in early 2015, a declining trend in the cash ratio is observed, with the ratio decreasing from 0.96 in March 2015 to a low of 0.87 on June 30, 2015. The ratio experienced a brief increase to 1.49 on September 30, 2015, and further to 2.00 by December 31, 2015, reflecting periods of improved liquidity. However, subsequent quarters show a decline in the cash ratio, reaching a low of 0.87 in June 2015 and a marginal increase thereafter.

Between 2016 and 2023, cash ratio data become unavailable for most periods, with only the quarter ending June 30, 2024, showing a significant decrease to 0.15, and a gradual recovery observed in subsequent quarters—0.22 on September 30, 2024, 0.43 on December 31, 2024, and returning to 1.10 by March 31, 2025. These recent figures suggest a renewed increase in liquidity levels, approaching higher liquidity coverage comparable to earlier periods.

Overall, the trend indicates that Sandisk Corp experienced periods of high liquidity in 2013 and 2014, followed by a decline starting around 2015, with some recovery noted in the later years. The fluctuations in the cash ratio reflect variations in the company's cash holdings relative to its short-term liabilities, highlighting changes in liquidity management and operational policies over time.