Veeco Instruments Inc (VECO)
Quick 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 | US$ in thousands | 145,595 | 163,228 | 174,453 | 173,998 | 159,120 | 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 |
| Short-term investments | US$ in thousands | 198,719 | 157,534 | 130,696 | 122,886 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 192,282 | 215,167 | 203,973 | 234,359 | 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 |
| Quick ratio | 1.79 | 1.49 | 1.50 | 1.27 | 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 |
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 past few years, starting at a relatively healthy level of 1.88 as of March 31, 2020, indicating the company had $1.88 in liquid assets available to cover each dollar of current liabilities. The ratio then improved to 2.36 by June 30, 2020, reflecting a stronger liquidity position.
From there, the quick ratio remained above 2 for the next few quarters, signaling a robust ability to meet short-term obligations with liquid assets. However, starting from December 31, 2021, the quick ratio began to decline gradually, falling to 1.18 by the end of that year. This could suggest potential challenges in fulfilling immediate debt and payment obligations with readily available assets.
As of December 31, 2024, the quick ratio had improved to 1.79, indicating some recovery in liquidity. It is important for stakeholders to monitor this ratio closely to ensure the company maintains a strong financial position and can meet its short-term liabilities effectively.
Peer comparison
Dec 31, 2024