ViaSat Inc (VSAT)

Cash ratio

Mar 31, 2025 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
Cash and cash equivalents US$ in thousands 1,612,100 1,556,490 3,529,770 1,811,600 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
Short-term investments US$ in thousands — — — — — 30,000 — 134,266 — — — — — — — — — — — —
Total current liabilities US$ in thousands 1,676,650 1,580,410 3,523,650 1,079,750 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
Cash ratio 0.96 0.98 1.00 1.68 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

March 31, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,612,100K + $—K) ÷ $1,676,650K
= 0.96

ViaSat Inc's cash ratio has fluctuated over the past few years, ranging from a low of 0.19 on September 30, 2022, to a high of 1.68 on June 30, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.

A cash ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current cash on hand. ViaSat Inc's cash ratio has generally been below 1, suggesting that the company may have limited liquidity to cover its short-term liabilities.

It's noteworthy that the company experienced a significant improvement in its cash ratio towards the end of 2023 and into 2024, with the ratio consistently above 1. This indicates that ViaSat Inc had more than enough cash to cover its short-term obligations during this period, signaling improved liquidity and financial health.

Overall, while the cash ratio for ViaSat Inc has shown variability, investors and stakeholders should closely monitor the company's liquidity position to ensure it can meet its short-term financial obligations effectively.