Vicor Corporation (VICR)
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 | 242,219 | 227,784 | 203,829 | 192,897 | 190,611 | 182,098 | 187,677 | 191,050 | 182,418 | 178,663 | 159,763 | 127,411 | 161,742 | 203,605 | 196,704 | 82,751 | 84,668 | 81,229 | 71,482 | 66,614 |
| Short-term investments | US$ in thousands | — | — | — | — | 0 | 19,949 | 19,921 | 20,003 | 45,215 | 50,217 | 70,469 | 95,719 | 50,166 | 2,591 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 44,169 | 46,533 | 49,976 | 53,672 | 64,549 | 64,359 | 59,453 | 49,560 | 49,093 | 42,615 | 49,777 | 42,878 | 40,513 | 37,998 | 41,919 | 35,220 | 29,930 | 30,768 | 33,157 | 30,733 |
| Cash ratio | 5.48 | 4.90 | 4.08 | 3.59 | 2.95 | 3.14 | 3.49 | 4.26 | 4.64 | 5.37 | 4.63 | 5.20 | 5.23 | 5.43 | 4.69 | 2.35 | 2.83 | 2.64 | 2.16 | 2.17 |
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 shown a generally increasing trend over the past eight quarters, indicating an improving ability to cover short-term liabilities with cash and cash equivalents. In Q4 2023, the cash ratio reached its highest value of 5.91, reflecting a strong liquidity position compared to the previous quarters. This trend suggests that Vicor Corp. has been effective in managing its cash resources and maintaining adequate liquidity levels. Overall, the increasing cash ratio is a positive indicator of the company's financial health and ability to meet its short-term obligations with cash on hand.
Peer comparison
Dec 31, 2023