Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
KLA Corp., liquidity ratios
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | KLA Corp. current ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | KLA Corp. quick ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | KLA Corp. cash ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Current Ratio
KLA Corp., current ratio calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current assets | 10,031,144) | 8,372,032) | 7,168,911) | 5,696,248) | 4,723,545) | 4,315,075) | |
| Current liabilities | 4,660,774) | 3,742,842) | 2,871,083) | 2,103,227) | 1,699,786) | 1,768,486) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 2.15 | 2.24 | 2.50 | 2.71 | 2.78 | 2.44 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 2.51 | 2.36 | 2.02 | 2.54 | 1.95 | |
| Analog Devices Inc. | 1.84 | 1.37 | 2.02 | 1.94 | 1.84 | 1.32 | |
| Applied Materials Inc. | 2.51 | 2.60 | 2.16 | 2.54 | 3.00 | 2.30 | |
| Broadcom Inc. | — | 2.82 | 2.62 | 2.64 | 1.87 | 1.44 | |
| First Solar Inc. | — | 3.55 | 3.65 | 4.39 | 3.56 | 2.73 | |
| Intel Corp. | — | 1.54 | 1.57 | 2.10 | 1.91 | 1.40 | |
| Lam Research Corp. | 2.97 | 3.16 | 2.69 | 3.30 | 3.43 | 3.61 | |
| Micron Technology Inc. | 2.64 | 4.46 | 2.89 | 3.10 | 2.71 | 2.58 | |
| Monolithic Power Systems Inc. | — | 7.74 | 5.36 | 4.96 | 5.73 | 6.67 | |
| NVIDIA Corp. | 4.17 | 3.52 | 6.65 | 4.09 | 7.67 | 7.94 | |
| Qualcomm Inc. | 2.40 | 2.33 | 1.75 | 1.68 | 2.14 | 1.88 | |
| Texas Instruments Inc. | — | 4.55 | 4.70 | 5.33 | 4.28 | 4.13 | |
| Current Ratio, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 2.48 | 2.36 | 2.49 | 2.49 | 2.06 | |
| Current Ratio, Industry | |||||||
| Information Technology | — | 1.47 | 1.44 | 1.64 | 1.85 | 1.77 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 10,031,144 ÷ 4,660,774 = 2.15
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | KLA Corp. current ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Quick Ratio
KLA Corp., quick ratio calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 1,977,129) | 1,927,865) | 1,584,908) | 1,434,610) | 1,234,409) | 1,015,994) | |
| Marketable securities | 2,526,866) | 1,315,294) | 1,123,100) | 1,059,912) | 746,063) | 723,391) | |
| Accounts receivable, net | 1,833,041) | 1,753,361) | 1,811,877) | 1,305,479) | 1,107,413) | 990,113) | |
| Total quick assets | 6,337,036) | 4,996,520) | 4,519,885) | 3,800,001) | 3,087,885) | 2,729,498) | |
| Current liabilities | 4,660,774) | 3,742,842) | 2,871,083) | 2,103,227) | 1,699,786) | 1,768,486) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 1.36 | 1.33 | 1.57 | 1.81 | 1.82 | 1.54 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 1.67 | 1.57 | 1.49 | 1.81 | 1.43 | |
| Analog Devices Inc. | 1.24 | 0.76 | 1.34 | 1.24 | 1.31 | 0.85 | |
| Applied Materials Inc. | 1.74 | 1.63 | 1.17 | 1.64 | 1.95 | 1.38 | |
| Broadcom Inc. | — | 2.34 | 2.18 | 2.27 | 1.56 | 1.21 | |
| First Solar Inc. | — | 2.62 | 2.80 | 3.10 | 2.38 | 2.00 | |
| Intel Corp. | — | 1.01 | 1.01 | 1.38 | 1.24 | 0.93 | |
| Lam Research Corp. | 1.93 | 1.95 | 1.72 | 2.11 | 2.22 | 2.16 | |
| Micron Technology Inc. | 1.59 | 2.53 | 1.92 | 2.17 | 1.82 | 1.74 | |
| Monolithic Power Systems Inc. | — | 5.84 | 3.50 | 3.66 | 4.50 | 5.17 | |
| NVIDIA Corp. | 3.38 | 2.61 | 5.96 | 3.56 | 7.04 | 6.66 | |
| Qualcomm Inc. | 1.64 | 1.51 | 1.01 | 1.34 | 1.75 | 1.65 | |
| Texas Instruments Inc. | — | 3.12 | 3.67 | 4.45 | 3.34 | 3.04 | |
| Quick Ratio, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 1.66 | 1.64 | 1.81 | 1.79 | 1.49 | |
| Quick Ratio, Industry | |||||||
| Information Technology | — | 1.18 | 1.15 | 1.38 | 1.60 | 1.54 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 6,337,036 ÷ 4,660,774 = 1.36
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | KLA Corp. quick ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Cash Ratio
KLA Corp., cash ratio calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 1,977,129) | 1,927,865) | 1,584,908) | 1,434,610) | 1,234,409) | 1,015,994) | |
| Marketable securities | 2,526,866) | 1,315,294) | 1,123,100) | 1,059,912) | 746,063) | 723,391) | |
| Total cash assets | 4,503,995) | 3,243,159) | 2,708,008) | 2,494,522) | 1,980,472) | 1,739,385) | |
| Current liabilities | 4,660,774) | 3,742,842) | 2,871,083) | 2,103,227) | 1,699,786) | 1,768,486) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 0.97 | 0.87 | 0.94 | 1.19 | 1.17 | 0.98 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.86 | 0.92 | 0.85 | 0.95 | 0.64 | |
| Analog Devices Inc. | 0.79 | 0.30 | 0.60 | 0.71 | 0.77 | 0.43 | |
| Applied Materials Inc. | 1.12 | 0.93 | 0.35 | 0.86 | 1.29 | 0.81 | |
| Broadcom Inc. | — | 1.92 | 1.76 | 1.94 | 1.20 | 0.73 | |
| First Solar Inc. | — | 1.61 | 2.48 | 2.51 | 2.06 | 1.64 | |
| Intel Corp. | — | 0.89 | 0.88 | 1.03 | 0.97 | 0.59 | |
| Lam Research Corp. | 1.35 | 1.28 | 0.77 | 1.25 | 1.55 | 1.54 | |
| Micron Technology Inc. | 0.88 | 2.01 | 1.24 | 1.34 | 1.23 | 1.24 | |
| Monolithic Power Systems Inc. | — | 4.86 | 2.80 | 3.19 | 4.05 | 4.64 | |
| NVIDIA Corp. | 2.44 | 2.03 | 4.89 | 2.95 | 6.11 | 5.58 | |
| Qualcomm Inc. | 1.27 | 1.18 | 0.54 | 1.04 | 1.29 | 1.37 | |
| Texas Instruments Inc. | — | 2.58 | 3.04 | 3.79 | 2.75 | 2.54 | |
| Cash Ratio, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 1.24 | 1.17 | 1.32 | 1.34 | 1.05 | |
| Cash Ratio, Industry | |||||||
| Information Technology | — | 0.76 | 0.72 | 0.96 | 1.19 | 1.10 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 4,503,995 ÷ 4,660,774 = 0.97
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | KLA Corp. cash ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |