ViaSat Inc (VSAT)
Quick ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,901,030 | 1,348,850 | 310,459 | 295,949 | 304,309 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 939,710 | 419,934 | 359,269 | 238,652 | 330,698 |
| Total current liabilities | US$ in thousands | 1,295,880 | 956,719 | 770,421 | 708,437 | 604,579 |
| Quick ratio | 2.19 | 1.85 | 0.87 | 0.75 | 1.05 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,901,030K
+ $—K
+ $939,710K)
÷ $1,295,880K
= 2.19
The quick ratio of ViaSat Inc has shown a fluctuating trend over the past five years. The quick ratio was relatively high at 2.19 as of March 31, 2024, indicating a strong ability to cover its short-term obligations with its most liquid assets. This suggests that ViaSat Inc has a healthy level of liquidity to meet its short-term financial commitments.
Comparing this to the previous years, we see an improvement from 1.85 in 2023, 0.87 in 2022, and 0.75 in 2021. The significant increase from 2021 to 2022 shows a noteworthy improvement in the company's liquidity position. However, the quick ratio dropped in 2023 before bouncing back in 2024.
Overall, the current quick ratio indicates a strengthened financial position for ViaSat Inc, offering reassurance that the company can meet its short-term obligations efficiently using its liquid assets.
Peer comparison
Mar 31, 2024