Ultra Clean Holdings Inc (UCTT)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 313,900 | 318,200 | 319,500 | 293,000 | 307,000 | 342,000 | 320,800 | 322,100 | 358,800 | 453,500 | 421,400 | 367,000 | 466,500 | 457,000 | 451,400 | 264,300 | 200,300 | 176,100 | 214,400 | 208,100 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 45 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 335,600 | 358,800 | 351,400 | 329,400 | 310,000 | 293,600 | 294,300 | 313,700 | 389,200 | 407,400 | 395,400 | 417,600 | 469,100 | 411,000 | 355,000 | 263,100 | 201,200 | 195,300 | 226,900 | 213,000 |
| Cash ratio | 0.94 | 0.89 | 0.91 | 0.89 | 0.99 | 1.16 | 1.09 | 1.03 | 0.92 | 1.11 | 1.07 | 0.88 | 0.99 | 1.11 | 1.27 | 1.00 | 1.00 | 0.90 | 0.94 | 0.98 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($313,900K
+ $—K)
÷ $335,600K
= 0.94
The cash ratio of Ultra Clean Holdings Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents.
The cash ratio ranged from a low of 0.88 on March 31, 2022, to a high of 1.27 on June 30, 2021. A ratio above 1 indicates that the company has sufficient cash on hand to cover its short-term liabilities.
It is worth noting that the cash ratio has generally remained at or above 1 in recent periods, with values consistently above 0.90. This indicates that Ultra Clean Holdings Inc has maintained a strong ability to meet its short-term obligations using its available cash reserves.
However, a slight decrease in the cash ratio was observed towards the end of the observation period, with the ratio dipping to 0.89 on September 30, 2024, and 0.94 on December 31, 2024. This suggests a potential decrease in the company's liquidity position during this period.
Overall, while there have been fluctuations in the cash ratio over time, Ultra Clean Holdings Inc has generally demonstrated a relatively strong liquidity position, as indicated by its ability to maintain a cash ratio above 1 for the majority of the period under review.
Peer comparison
Dec 31, 2024