Veeco Instruments Inc (VECO)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 158,781 | 156,419 | 180,524 | 140,721 | 154,925 | 169,111 | 116,916 | 127,624 | 119,747 | 121,602 | 114,747 | 140,733 | 129,625 | 147,588 | 188,203 | 162,325 | 129,294 | 135,259 | 161,715 | 169,439 |
| Short-term investments | US$ in thousands | 146,664 | 130,117 | 105,875 | 112,170 | 147,488 | 101,862 | 113,159 | 103,277 | 104,181 | 213,985 | 214,635 | 186,142 | 189,771 | 161,585 | 112,279 | 79,429 | 115,252 | 95,672 | 84,495 | 67,215 |
| Total current liabilities | US$ in thousands | 218,033 | 267,786 | 282,298 | 267,175 | 257,904 | 260,185 | 200,270 | 220,696 | 189,204 | 187,222 | 179,413 | 163,695 | 146,681 | 146,934 | 127,483 | 128,509 | 118,224 | 142,037 | 149,200 | 150,028 |
| Cash ratio | 1.40 | 1.07 | 1.01 | 0.95 | 1.17 | 1.04 | 1.15 | 1.05 | 1.18 | 1.79 | 1.84 | 2.00 | 2.18 | 2.10 | 2.36 | 1.88 | 2.07 | 1.63 | 1.65 | 1.58 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($158,781K
+ $146,664K)
÷ $218,033K
= 1.40
The cash ratio of Veeco Instruments Inc has shown some fluctuations over the past eight quarters. It ranged from a low of 1.11 in Q1 2023 to a high of 1.68 in Q4 2023. This ratio indicates that, on average, Veeco Instruments Inc had sufficient cash or cash equivalents to cover approximately 1.31 times its current liabilities during this period. Overall, the cash ratio has generally been above 1, suggesting that the company has been able to meet its short-term obligations using its available cash reserves without relying heavily on other current assets. However, the fluctuations in the ratio indicate potential changes in the company's liquidity position over time, which might be worth monitoring for future financial stability.
Peer comparison
Dec 31, 2023