ViaSat Inc (VSAT)

Quick 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 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 — — — — — — — — — — — —
Receivables US$ in thousands — 670,462 781,250 876,889 939,710 1,445,850 664,482 630,530 419,934 368,827 320,249 372,118 359,269 363,013 369,222 364,494 238,652 202,792 249,581 270,436
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
Quick ratio 0.96 1.41 1.22 2.49 2.19 2.25 1.69 1.85 1.85 0.65 0.58 0.82 0.87 0.67 0.80 0.86 0.75 0.81 0.96 0.89

March 31, 2025 calculation

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

The quick ratio of ViaSat Inc has fluctuated over the periods provided in the data. It measures the company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations, while a ratio above 1 suggests that it has sufficient liquid assets to cover its short-term liabilities.

From June 30, 2020, to December 31, 2022, the quick ratio remained mostly below 1, indicating potential liquidity challenges. However, there was an improvement in the ratio from March 31, 2023, onwards, surpassing 1 and reaching as high as 2.49 by June 30, 2024. This improvement suggests that ViaSat Inc enhanced its ability to meet short-term obligations with its liquid assets during this period.

The rise in the quick ratio post-2022 could be due to better management of working capital, increased cash reserves, or improved receivables collection. However, the sudden drop in the quick ratio by December 31, 2024, to 1.41 indicates a reduction in the company's ability to cover its short-term liabilities, necessitating further scrutiny to understand the underlying reasons for this change.

Overall, a quick ratio above 1.5 is generally considered healthy, but fluctuations in the ratio over time emphasize the importance of regular monitoring of liquidity positions for investors and stakeholders evaluating ViaSat Inc's financial health.