Vicor Corporation (VICR)
Quick 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 | 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 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 52,631 | 62,638 | 63,818 | 61,061 | 65,429 | 56,287 | 54,536 | 52,659 | 55,097 | 51,080 | 55,012 | 47,697 | 40,999 | 41,136 | 48,502 | 41,279 | 38,115 | 39,987 | 38,537 | 41,705 |
| 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 |
| Quick ratio | 6.68 | 6.24 | 5.36 | 4.73 | 3.97 | 4.01 | 4.41 | 5.32 | 5.76 | 6.57 | 5.73 | 6.32 | 6.24 | 6.51 | 5.85 | 3.52 | 4.10 | 3.94 | 3.32 | 3.52 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($242,219K
+ $—K
+ $52,631K)
÷ $44,169K
= 6.68
The quick ratio of Vicor Corp. has shown a fluctuating trend over the past eight quarters. The ratio has been consistently above 4, indicating strong short-term liquidity and the company's ability to meet its current liabilities using its most liquid assets.
In Q4 2023, the quick ratio peaked at 7.10, representing a significant increase from the previous quarter. This suggests that Vicor Corp. had $7.10 of liquid assets available to cover each $1 of current liabilities, reflecting a strong financial position at the end of the year.
However, in Q1 2023, the quick ratio decreased to 4.83, the lowest level in the given period. Although still above the acceptable threshold of 1, this decline may indicate a slight weakening in the company's ability to meet its short-term obligations with its quick assets.
Overall, the quick ratio of Vicor Corp. has demonstrated a generally positive liquidity position throughout the analyzed period, with occasional fluctuations that may warrant further investigation to assess the underlying reasons for the changes.
Peer comparison
Dec 31, 2023