ViaSat Inc (VSAT)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,901,030 | 1,621,230 | 1,961,580 | 1,958,510 | 1,348,850 | 182,130 | 149,172 | 221,520 | 310,459 | 166,032 | 217,654 | 275,688 | 295,949 | 317,344 | 350,433 | 232,418 | 304,309 | 47,778 | 87,045 | 129,883 |
| Short-term investments | US$ in thousands | — | 30,000 | — | 134,266 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,295,880 | 1,376,520 | 1,549,400 | 1,471,460 | 956,719 | 851,223 | 803,622 | 726,128 | 770,421 | 786,627 | 734,305 | 744,555 | 708,437 | 641,642 | 624,583 | 565,187 | 604,579 | 538,403 | 501,719 | 490,081 |
| Cash ratio | 1.47 | 1.20 | 1.27 | 1.42 | 1.41 | 0.21 | 0.19 | 0.31 | 0.40 | 0.21 | 0.30 | 0.37 | 0.42 | 0.49 | 0.56 | 0.41 | 0.50 | 0.09 | 0.17 | 0.27 |
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 fluctuating trends over the analyzed periods. The ratio peaked at 1.47 on March 31, 2024, which indicates that the company had $1.47 in cash and cash equivalents for every $1 of current liabilities at that time. This suggests a strong ability to cover short-term obligations with its readily available cash resources.
However, the ratio has shown significant variability in the past quarters, with values ranging from 0.09 to 1.47. The low ratio of 0.09 on December 31, 2019, implies that ViaSat Inc had only $0.09 in cash and cash equivalents for each dollar of current liabilities, which may raise concerns about the company's liquidity position at that time.
The company's cash ratio saw a notable improvement from 2020 onwards, with ratios consistently above 0.40. This indicates a more robust liquidity position and enhanced ability to meet short-term obligations with available cash resources.
Overall, the upward trend in the cash ratio from 2020 to 2024 reflects improved liquidity management and a stronger financial position for ViaSat Inc. However, monitoring future trends in the cash ratio will be essential to assess the company's ongoing liquidity strength and ability to navigate potential short-term financial challenges.
Peer comparison
Mar 31, 2024