Vicor Corporation (VICR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 277,273 | 242,219 | 190,611 | 182,418 | 161,742 |
| Short-term investments | US$ in thousands | — | — | 0 | 45,215 | 50,166 |
| Receivables | US$ in thousands | 52,948 | 52,631 | 65,429 | 55,097 | 40,999 |
| Total current liabilities | US$ in thousands | 61,820 | 44,169 | 64,549 | 49,093 | 40,513 |
| Quick ratio | 5.34 | 6.68 | 3.97 | 5.76 | 6.24 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($277,273K
+ $—K
+ $52,948K)
÷ $61,820K
= 5.34
The quick ratio of Vicor Corporation has shown a relatively strong and consistent performance over the past five years. As of December 31, 2020, the quick ratio stood at 6.24, indicating a healthy level of liquidity to cover short-term liabilities. This ratio decreased slightly to 5.76 by December 31, 2021, but still remained at a robust level.
In the following years, the quick ratio fluctuated, reaching its lowest point of 3.97 on December 31, 2022. Despite this dip, the ratio rebounded significantly to 6.68 by December 31, 2023, demonstrating a strong ability to meet short-term obligations with liquid assets. By the end of December 31, 2024, the quick ratio decreased to 5.34, still indicating a favorable liquidity position for the company.
Overall, Vicor Corporation has maintained a healthy quick ratio above the commonly accepted benchmark of 1, reflecting its ability to cover short-term liabilities with readily available assets. While there have been fluctuations, the company's liquidity position appears solid and capable of weathering short-term financial challenges.
Peer comparison
Dec 31, 2024