ViaSat Inc (VSAT)

Quick ratio

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Cash US$ in thousands 1,612,100 1,901,030 1,348,850 310,459 295,949
Short-term investments US$ in thousands — — — — —
Receivables US$ in thousands 539,522 939,710 419,934 312,172 238,652
Total current liabilities US$ in thousands 1,676,650 1,295,880 956,719 770,421 708,437
Quick ratio 1.28 2.19 1.85 0.81 0.75

March 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,612,100K + $—K + $539,522K) ÷ $1,676,650K
= 1.28

The quick ratio of ViaSat Inc has shown improvement over the years, reflecting the company's ability to meet its short-term obligations with its most liquid assets. Starting at 0.75 on March 31, 2021, the ratio increased consistently to 0.81 in 2022, indicating a slight enhancement in liquidity. Subsequently, there was a significant jump to 1.85 in 2023, suggesting a substantial improvement in the company's short-term financial health and liquidity position.

Continuing this positive trend, the quick ratio further increased to 2.19 by March 31, 2024, indicating an even stronger ability to cover immediate liabilities with its liquid assets. However, there was a slight decrease to 1.28 by the end of March 2025. Overall, the trend indicates that ViaSat Inc has generally strengthened its liquidity position over the years, with occasional fluctuations. It is important to note that a quick ratio above 1 typically signifies that the company has more than enough liquid assets to meet its short-term obligations, which is a positive sign for investors and creditors.