Western Digital Corporation (WDC)
Cash ratio
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,879,000 | 1,894,000 | 2,481,000 | 2,032,000 | 2,023,000 | 2,220,000 | 1,871,000 | 2,049,000 | 2,327,000 | 2,505,000 | 2,531,000 | 3,290,000 | 3,370,000 | 2,734,000 | 2,956,000 | 2,995,000 | 3,048,000 | 2,943,000 | 3,137,000 | 3,248,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 3,000 | — | — | 1,646,000 | 1,586,000 | 1,694,000 | 1,858,000 | 1,746,000 | 1,875,000 | — | — | — |
| Total current liabilities | US$ in thousands | 6,087,000 | 4,053,000 | 4,693,000 | 5,792,000 | 5,434,000 | 5,261,000 | 4,382,000 | 4,966,000 | 5,237,000 | 4,397,000 | 4,929,000 | 4,709,000 | 4,870,000 | 4,501,000 | 4,526,000 | 4,429,000 | 4,406,000 | 4,471,000 | 4,482,000 | 4,288,000 |
| Cash ratio | 0.31 | 0.47 | 0.53 | 0.35 | 0.37 | 0.42 | 0.43 | 0.41 | 0.44 | 0.57 | 0.51 | 1.05 | 1.02 | 0.98 | 1.06 | 1.07 | 1.12 | 0.66 | 0.70 | 0.76 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,879,000K
+ $—K)
÷ $6,087,000K
= 0.31
The cash ratio of Western Digital Corporation has fluctuated over the past few quarters, ranging from 0.31 to 1.12. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
In analyzing the trend of Western Digital Corporation's cash ratio, it is observed that there has been some volatility, with the ratio reaching a peak of 1.12 in the third quarter of 2020, indicating a significant increase in the company's liquidity position. However, the ratio has since fluctuated between 0.31 and 0.57, showing some inconsistency in the company's ability to cover its short-term liabilities solely with its cash reserves.
Overall, while the cash ratio of Western Digital Corporation has shown some variability, it is essential to consider other liquidity measures and factors influencing the company's financial position to draw a comprehensive assessment of its overall liquidity and financial health.
Peer comparison
Jun 30, 2024