Wolfspeed Inc (WOLF)

Quick ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Cash	US$ in thousands	1,045,900	1,757,000	449,500	379,000	448,800
Short-term investments	US$ in thousands	1,128,700	1,197,900	749,300	775,600	790,900
Receivables	US$ in thousands	198,800	172,700	289,900	112,400	120,600
Total current liabilities	US$ in thousands	665,300	627,900	388,500	448,800	291,200
Quick ratio		3.57	4.98	3.83	2.82	4.67

June 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,045,900K + $1,128,700K + $198,800K) ÷ $665,300K
= 3.57

The quick ratio of Wolfspeed Inc has fluctuated over the past five years. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.

In Jun 30, 2024, Wolfspeed Inc's quick ratio was 3.57, indicating that the company had $3.57 in liquid assets available to cover each dollar of current liabilities. This implies a healthy liquidity position.

Comparing this to the previous years:
- In Jun 30, 2023, the quick ratio was the highest at 4.98, signaling a strong ability to meet short-term obligations with liquid assets.
- In Jun 30, 2022 and Jun 30, 2020, the quick ratios were also above 3, indicating solid liquidity positions.
- In Jun 30, 2021, the quick ratio was the lowest at 2.82, which could suggest a slightly decreased ability to cover short-term obligations using liquid assets.

Overall, Wolfspeed Inc has generally maintained a robust quick ratio over the past five years, with occasional fluctuations. Efforts to sustain or improve this ratio could help the company weather short-term liabilities more effectively in the future.