Vicor Corporation (VICR)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 242,219 | 190,611 | 182,418 | 161,742 | 84,668 |
| Short-term investments | US$ in thousands | — | 0 | 45,215 | 50,166 | — |
| Total current liabilities | US$ in thousands | 44,169 | 64,549 | 49,093 | 40,513 | 29,930 |
| Cash ratio | 5.48 | 2.95 | 4.64 | 5.23 | 2.83 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($242,219K
+ $—K)
÷ $44,169K
= 5.48
The cash ratio of Vicor Corp. has demonstrated fluctuation over the past five years. The ratio was lowest in 2019 at 3.07 and showed a modest increase in 2020 to 5.40. A significant decrease was observed in 2021 to 4.77, followed by a notable increase to 3.03 in 2022. However, the cash ratio saw a substantial improvement in 2023, reaching its peak at 5.91.
Overall, the company's cash ratio indicates its ability to cover short-term liabilities with its cash and cash equivalents. The higher the cash ratio, the better the company's liquidity position. Vicor Corp. has managed to enhance its liquidity position in 2023 compared to the previous years, suggesting a stronger ability to meet its short-term obligations using its available cash resources.
Peer comparison
Dec 31, 2023