ViaSat Inc (VSAT)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 939,710 | 1,445,850 | 1,434,480 | 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 | 330,698 | 316,439 | 294,067 | 303,619 |
| 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 |
| Quick ratio | 2.19 | 2.25 | 2.19 | 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 | 1.05 | 0.68 | 0.76 | 0.88 |
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 significant fluctuations over the past few quarters. As of March 31, 2024, the quick ratio stood at 2.19, indicating that the company has $2.19 in liquid assets available to cover each $1 of current liabilities. This suggests strong liquidity and financial health at the end of the most recent quarter.
Looking back at the historical trend, the quick ratio has generally been improving since the third quarter of 2021, with occasional fluctuations. However, there was a substantial increase in the quick ratio from the third quarter of 2022 to the first quarter of 2023, where it jumped from 0.58 to 1.85, indicating a significant improvement in the company's ability to meet short-term obligations without relying heavily on inventory.
While the quick ratio dipped in the following quarter to 0.65, it has since recovered and remained relatively stable above 1.0, reflecting a healthy liquidity position in the subsequent quarters. Overall, the upward trend in the quick ratio in recent periods suggests that ViaSat Inc has been effectively managing its short-term liquidity and maintaining a stronger financial position.
Peer comparison
Mar 31, 2024