Sandisk Corp (SNDK)
Quick 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 | 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 |
| Receivables | US$ in thousands | 1,134,000 | 1,032,000 | 912,000 | 1,037,000 | 935,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.83 | 1.85 | 0.92 | 0.92 | 0.59 | — | — | — | 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,481,000K
+ $—K
+ $1,134,000K)
÷ $1,427,000K
= 1.83
The quick ratio of Sandisk Corp has exhibited notable fluctuations over the analyzed period, reflecting shifts in the company's liquidity position.
From June 30, 2013, to December 31, 2013, the quick ratio increased significantly from 2.34 to 2.36, indicating a strong liquidity buffer and the company's ability to meet its short-term obligations using its most liquid assets. However, this upward trend was short-lived, as the ratio declined to 1.50 by March 31, 2014, and further reduced to 1.37 by June 30, 2014. The downward movement continued into September 2014 and December 2014, with ratios dropping to 1.04 and 1.03, respectively, signaling a gradual erosion of liquidity but still maintaining a ratio above the general benchmark of 1.0, which suggests that the company was still capable of covering current liabilities with liquid assets at these points.
The declining trend persisted into 2015, with ratios reaching 0.96 in March, 0.87 in June, and then fluctuating—rising to 1.49 in September and to 2.00 in December—indicating some recovery in liquidity levels, though not a consistent upward trajectory. Throughout early 2016, the quick ratio varied, with a reading of 1.22 in March, reflecting a moderate liquidity position.
Following this period, data is unavailable for the years 2017 through 2023. The subsequent reported ratios in 2024 demonstrate a period of variability, with the ratio declining to 0.59 at the end of June 2024, implying a strained liquidity position where liquid assets were less than half of current liabilities. However, there was a notable improvement by September 2024, with the ratio rising to 0.92, approaching parity, and maintaining this level into December 2024. The ratio then increased substantially in the first half of 2025, reaching 1.85 in March and 1.83 in June, indicating an enhanced liquidity buffer capable of covering short-term liabilities with liquid assets.
Overall, the analyzed period displays a pattern of initial high liquidity levels, subsequent decline, periods of fluctuation, and more recent improvement. The ratios, particularly in the most recent data points (2024 and 2025), suggest a trend towards a stronger liquidity position, although earlier periods highlighted vulnerability with ratios below 1.0, indicating potential liquidity constraints during those times.
Peer comparison
Jun 30, 2025