Sandisk Corp (SNDK)
Quick ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,481,000 | 328,000 | 292,000 | 335,000 | 1,478,950 |
| Short-term investments | US$ in thousands | — | — | — | — | 2,527,240 |
| Receivables | US$ in thousands | 1,068,000 | 935,000 | 539,000 | 1,289,000 | — |
| Total current liabilities | US$ in thousands | 1,427,000 | 2,123,000 | 2,174,000 | 2,513,000 | 2,003,480 |
| Quick ratio | 1.79 | 0.59 | 0.38 | 0.65 | 2.00 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,481,000K
+ $—K
+ $1,068,000K)
÷ $1,427,000K
= 1.79
The Quick Ratio for Sandisk Corp has experienced significant fluctuations over the span of several years. As of December 31, 2015, the ratio stood at 2.00, indicating a strong liquidity position whereby the company's most liquid assets exceeded its current liabilities by a substantial margin. Over time, a downward trend is observable, with the ratio decreasing to 0.65 as of June 30, 2022, and further declining to 0.38 by June 30, 2023. This consistent decline suggests a diminishing capacity for the company to meet its short-term liabilities with its quick assets, potentially reflecting tightening liquidity conditions or changes in asset composition.
However, there is a partial recovery noted in the subsequent period, with the ratio increasing to 0.59 as of June 30, 2024. Although this indicates some improvement in liquidity position, it remains below the earlier levels seen in 2015. By June 30, 2025, the Quick Ratio further rises to 1.79, approaching the earlier high levels and implying a significant strengthening of liquidity. This recent increase signifies that the company's ability to cover its current liabilities with liquid assets has notably improved, suggesting better liquidity management or an increase in quickly realizable assets.
Overall, the trend shows initial strong liquidity around 2015, followed by a period of decline, and then a recovery in the most recent year. The fluctuations may reflect changes in current asset composition, working capital management, or broader financial strategies affecting liquidity. The final ratio in 2025 indicates a more favorable short-term liquidity position, approaching levels seen in 2015, which could support the company's operational needs and financial stability.
Peer comparison
Jun 30, 2025