Skyworks Solutions Inc (SWKS)

Quick ratio

Sep 30, 2024 Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020
Cash US$ in thousands 1,368,600 718,800 566,000 882,900 566,700
Short-term investments US$ in thousands 194,100 31,200 40,600 137,200 408,100
Receivables US$ in thousands 508,800 864,300 1,094,000 756,200 358,500
Total current liabilities US$ in thousands 602,700 955,700 1,226,900 658,500 448,400
Quick ratio 3.44 1.69 1.39 2.70 2.97

September 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,368,600K + $194,100K + $508,800K) ÷ $602,700K
= 3.44

The quick ratio of Skyworks Solutions Inc has exhibited variability over the past five years. The ratio increased from 2.97 in 2020 to 2.70 in 2021 before experiencing a significant spike to 3.44 in 2024. This surge indicates a notable improvement in the company's ability to meet its short-term obligations using its most liquid assets.

While the quick ratio dropped to 1.39 in 2022, which may suggest a potential liquidity concern, it rebounded to 1.69 in 2023, showing a recovery in the company's short-term liquidity position.

Overall, the trend in Skyworks Solutions Inc's quick ratio reflects fluctuations in its ability to cover immediate liabilities with its quick assets. The increase in the quick ratio in the most recent year indicates a strengthened liquidity position, which could be viewed positively by investors and creditors.


Peer comparison

Sep 30, 2024