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