ViaSat Inc (VSAT)
Cash ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,901,030 | 1,348,850 | 310,459 | 295,949 | 304,309 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,295,880 | 956,719 | 770,421 | 708,437 | 604,579 |
| Cash ratio | 1.47 | 1.41 | 0.40 | 0.42 | 0.50 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,901,030K
+ $—K)
÷ $1,295,880K
= 1.47
The cash ratio of ViaSat Inc has shown a positive trend over the past five years, indicating the company's ability to cover its short-term liabilities with its available cash and cash equivalents. The cash ratio has steadily increased from 0.50 in 2020 to 1.47 in 2024, highlighting an improvement in liquidity and financial strength. This upward trend suggests that ViaSat Inc has been managing its cash resources efficiently and is in a better position to meet its short-term financial obligations. A higher cash ratio is generally considered favorable as it signifies a stronger liquidity position for the company.
Peer comparison
Mar 31, 2024