Vicor Corporation (VICR)
Cash 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 and cash equivalents | US$ in thousands | 277,273 | 267,605 | 251,884 | 239,172 | 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 |
| 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 | 61,820 | 70,371 | 67,836 | 64,081 | 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 |
| Cash ratio | 4.49 | 3.80 | 3.71 | 3.73 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($277,273K
+ $—K)
÷ $61,820K
= 4.49
The cash ratio of Vicor Corporation has shown some fluctuations over the reported periods. The ratio has generally been above 1, indicating that Vicor has had sufficient cash on hand to cover its current liabilities.
The highest cash ratio was recorded on December 31, 2023, at 5.48, suggesting Vicor had significantly more cash or cash equivalents relative to its current liabilities at that point. This level of liquidity could indicate strong financial health and the ability to meet short-term obligations comfortably.
However, the cash ratio dipped to its lowest point on March 31, 2022, at 2.95, which could signal a potential decrease in liquidity. It is worth noting that a cash ratio below 1 would raise concerns about the company's ability to cover its short-term liabilities with available cash.
While fluctuations are normal in financial ratios, analysts should closely monitor changes in the cash ratio to assess Vicor's liquidity position and financial stability accurately.
Peer comparison
Dec 31, 2024