Stock Analysis on Net

Monolithic Power Systems Inc. (NASDAQ:MPWR)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Monolithic Power Systems Inc., liquidity ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Current ratio 5.31 7.74 5.36 4.96 5.73
Quick ratio 3.72 5.84 3.50 3.66 4.50
Cash ratio 2.93 4.86 2.80 3.19 4.05

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Monolithic Power Systems Inc. current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Monolithic Power Systems Inc. quick ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Monolithic Power Systems Inc. cash ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

Current Ratio

Monolithic Power Systems Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Current assets 1,565,053 1,819,499 1,410,619 1,124,852 841,998
Current liabilities 294,567 235,035 263,400 226,944 146,969
Liquidity Ratio
Current ratio1 5.31 7.74 5.36 4.96 5.73
Benchmarks
Current Ratio, Competitors2
Advanced Micro Devices Inc. 2.62 2.51 2.36 2.02 2.54
Analog Devices Inc. 1.84 1.37 2.02 1.94 1.84
Applied Materials Inc. 2.51 2.60 2.16 2.54 3.00
Broadcom Inc. 1.17 2.82 2.62 2.64 1.87
Intel Corp. 1.33 1.54 1.57 2.10 1.91
KLA Corp. 2.15 2.24 2.50 2.71 2.78
Lam Research Corp. 2.97 3.16 2.69 3.30 3.43
Micron Technology Inc. 2.64 4.46 2.89 3.10 2.71
NVIDIA Corp. 4.17 3.52 6.65 4.09 7.67
Qualcomm Inc. 2.40 2.33 1.75 1.68 2.14
Texas Instruments Inc. 4.12 4.55 4.70 5.33 4.28
Current Ratio, Sector
Semiconductors & Semiconductor Equipment 2.15 2.46 2.35 2.47 2.47
Current Ratio, Industry
Information Technology 1.24 1.41 1.37 1.55 1.71

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 1,565,053 ÷ 294,567 = 5.31

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. Monolithic Power Systems Inc. current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Quick Ratio

Monolithic Power Systems Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 691,816 527,843 288,607 189,265 334,944
Short-term investments 171,130 580,633 449,266 535,817 260,169
Accounts receivable, net 172,518 179,858 182,714 104,813 66,843
Other receivables 60,000 50,000
Restricted cash 33,204
Total quick assets 1,095,464 1,371,538 920,587 829,895 661,956
 
Current liabilities 294,567 235,035 263,400 226,944 146,969
Liquidity Ratio
Quick ratio1 3.72 5.84 3.50 3.66 4.50
Benchmarks
Quick Ratio, Competitors2
Advanced Micro Devices Inc. 1.66 1.67 1.57 1.49 1.81
Analog Devices Inc. 1.24 0.76 1.34 1.24 1.31
Applied Materials Inc. 1.74 1.63 1.17 1.64 1.95
Broadcom Inc. 0.82 2.34 2.18 2.27 1.56
Intel Corp. 0.72 1.01 1.01 1.38 1.24
KLA Corp. 1.36 1.33 1.57 1.81 1.82
Lam Research Corp. 1.93 1.95 1.72 2.11 2.22
Micron Technology Inc. 1.59 2.53 1.92 2.17 1.82
NVIDIA Corp. 3.38 2.61 5.96 3.56 7.04
Qualcomm Inc. 1.64 1.51 1.01 1.34 1.75
Texas Instruments Inc. 2.55 3.12 3.67 4.45 3.34
Quick Ratio, Sector
Semiconductors & Semiconductor Equipment 1.42 1.64 1.63 1.80 1.79
Quick Ratio, Industry
Information Technology 0.96 1.12 1.08 1.30 1.46

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,095,464 ÷ 294,567 = 3.72

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. Monolithic Power Systems Inc. quick ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

Cash Ratio

Monolithic Power Systems Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 691,816 527,843 288,607 189,265 334,944
Short-term investments 171,130 580,633 449,266 535,817 260,169
Restricted cash 33,204
Total cash assets 862,946 1,141,680 737,873 725,082 595,113
 
Current liabilities 294,567 235,035 263,400 226,944 146,969
Liquidity Ratio
Cash ratio1 2.93 4.86 2.80 3.19 4.05
Benchmarks
Cash Ratio, Competitors2
Advanced Micro Devices Inc. 0.70 0.86 0.92 0.85 0.95
Analog Devices Inc. 0.79 0.30 0.60 0.71 0.77
Applied Materials Inc. 1.12 0.93 0.35 0.86 1.29
Broadcom Inc. 0.56 1.92 1.76 1.94 1.20
Intel Corp. 0.62 0.89 0.88 1.03 0.97
KLA Corp. 0.97 0.87 0.94 1.19 1.17
Lam Research Corp. 1.35 1.28 0.77 1.25 1.55
Micron Technology Inc. 0.88 2.01 1.24 1.34 1.23
NVIDIA Corp. 2.44 2.03 4.89 2.95 6.11
Qualcomm Inc. 1.27 1.18 0.54 1.04 1.29
Texas Instruments Inc. 2.08 2.58 3.04 3.79 2.75
Cash Ratio, Sector
Semiconductors & Semiconductor Equipment 1.00 1.24 1.15 1.31 1.33
Cash Ratio, Industry
Information Technology 0.57 0.71 0.66 0.89 1.06

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 862,946 ÷ 294,567 = 2.93

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. Monolithic Power Systems Inc. cash ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.