Veeco Instruments Inc (VECO)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 145,595 | 158,781 | 154,925 | 119,747 | 129,625 |
| Short-term investments | US$ in thousands | 198,719 | 146,664 | 147,488 | 104,181 | 189,771 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 192,282 | 218,033 | 257,904 | 189,204 | 146,681 |
| Quick ratio | 1.79 | 1.40 | 1.17 | 1.18 | 2.18 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($145,595K
+ $198,719K
+ $—K)
÷ $192,282K
= 1.79
The quick ratio of Veeco Instruments Inc has shown fluctuations over the years. Starting at 2.18 on December 31, 2020, it decreased to 1.18 by the end of December 31, 2021. Further slight decreases were observed in the following years, with ratios of 1.17 on December 31, 2022, and 1.40 on December 31, 2023. However, there was a notable increase to 1.79 by December 31, 2024.
Overall, the quick ratio indicates Veeco Instruments Inc's ability to meet its short-term obligations with its most liquid assets. While the decreasing trend from 2020 to 2023 could suggest potential liquidity concerns, the substantial increase in 2024 is a positive sign. It is essential for the company to monitor its liquidity closely to ensure it can cover its short-term liabilities efficiently.
Peer comparison
Dec 31, 2024