Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
NXP Semiconductors N.V., liquidity ratios
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Current ratio | 2.13 | 2.14 | 1.82 | 1.54 | 2.22 | |
| Quick ratio | 1.53 | 1.51 | 0.96 | 1.06 | 1.63 | |
| Cash ratio | 1.15 | 1.13 | 0.58 | 0.82 | 1.31 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | NXP Semiconductors N.V. current ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | NXP Semiconductors N.V. quick ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | NXP Semiconductors N.V. cash ratio improved from 2019 to 2020 and from 2020 to 2021. |
Current Ratio
NXP Semiconductors N.V., current ratio calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 5,228) | 4,324) | 3,267) | 5,225) | 6,044) | |
| Current liabilities | 2,452) | 2,017) | 1,791) | 3,385) | 2,718) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 2.13 | 2.14 | 1.82 | 1.54 | 2.22 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 2.02 | 2.54 | 1.95 | — | — | |
| Analog Devices Inc. | 1.94 | 1.84 | 1.32 | 1.50 | — | |
| Applied Materials Inc. | 2.54 | 3.00 | 2.30 | 2.64 | — | |
| Broadcom Inc. | 2.64 | 1.87 | 1.44 | 3.90 | — | |
| First Solar Inc. | 4.39 | 3.56 | 2.73 | — | — | |
| Intel Corp. | 2.10 | 1.91 | 1.40 | — | — | |
| KLA Corp. | 2.71 | 2.78 | 2.44 | — | — | |
| Lam Research Corp. | 3.30 | 3.43 | 3.61 | — | — | |
| Micron Technology Inc. | 3.10 | 2.71 | 2.58 | — | — | |
| NVIDIA Corp. | 4.09 | 7.67 | 7.94 | — | — | |
| Qualcomm Inc. | 1.68 | 2.14 | 1.88 | 1.55 | — | |
| Texas Instruments Inc. | 5.33 | 4.28 | 4.13 | — | — | |
| Current Ratio, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 2.48 | 2.48 | 2.06 | — | — | |
| Current Ratio, Industry | ||||||
| Information Technology | 1.64 | 1.85 | 1.77 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).
1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 5,228 ÷ 2,452 = 2.13
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. | NXP Semiconductors N.V. current ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Quick Ratio
NXP Semiconductors N.V., quick ratio calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 2,830) | 2,275) | 1,045) | 2,789) | 3,547) | |
| Accounts receivables, net | 923) | 765) | 667) | 792) | 879) | |
| Total quick assets | 3,753) | 3,040) | 1,712) | 3,581) | 4,426) | |
| Current liabilities | 2,452) | 2,017) | 1,791) | 3,385) | 2,718) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 1.53 | 1.51 | 0.96 | 1.06 | 1.63 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 1.49 | 1.81 | 1.43 | — | — | |
| Analog Devices Inc. | 1.24 | 1.31 | 0.85 | 1.04 | — | |
| Applied Materials Inc. | 1.64 | 1.95 | 1.38 | 1.62 | — | |
| Broadcom Inc. | 2.27 | 1.56 | 1.21 | 3.26 | — | |
| First Solar Inc. | 3.10 | 2.38 | 2.00 | — | — | |
| Intel Corp. | 1.38 | 1.24 | 0.93 | — | — | |
| KLA Corp. | 1.81 | 1.82 | 1.54 | — | — | |
| Lam Research Corp. | 2.11 | 2.22 | 2.16 | — | — | |
| Micron Technology Inc. | 2.17 | 1.82 | 1.74 | — | — | |
| NVIDIA Corp. | 3.56 | 7.04 | 6.66 | — | — | |
| Qualcomm Inc. | 1.34 | 1.75 | 1.65 | 1.33 | — | |
| Texas Instruments Inc. | 4.45 | 3.34 | 3.04 | — | — | |
| Quick Ratio, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 1.80 | 1.79 | 1.48 | — | — | |
| Quick Ratio, Industry | ||||||
| Information Technology | 1.38 | 1.59 | 1.54 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).
1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,753 ÷ 2,452 = 1.53
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. | NXP Semiconductors N.V. quick ratio improved from 2019 to 2020 and from 2020 to 2021. |
Cash Ratio
NXP Semiconductors N.V., cash ratio calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 2,830) | 2,275) | 1,045) | 2,789) | 3,547) | |
| Total cash assets | 2,830) | 2,275) | 1,045) | 2,789) | 3,547) | |
| Current liabilities | 2,452) | 2,017) | 1,791) | 3,385) | 2,718) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 1.15 | 1.13 | 0.58 | 0.82 | 1.31 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 0.85 | 0.95 | 0.64 | — | — | |
| Analog Devices Inc. | 0.71 | 0.77 | 0.43 | 0.58 | — | |
| Applied Materials Inc. | 0.86 | 1.29 | 0.81 | 0.99 | — | |
| Broadcom Inc. | 1.94 | 1.20 | 0.73 | 1.84 | — | |
| First Solar Inc. | 2.51 | 2.06 | 1.64 | — | — | |
| Intel Corp. | 1.03 | 0.97 | 0.59 | — | — | |
| KLA Corp. | 1.19 | 1.17 | 0.98 | — | — | |
| Lam Research Corp. | 1.25 | 1.55 | 1.54 | — | — | |
| Micron Technology Inc. | 1.34 | 1.23 | 1.24 | — | — | |
| NVIDIA Corp. | 2.95 | 6.11 | 5.58 | — | — | |
| Qualcomm Inc. | 1.04 | 1.29 | 1.37 | 1.08 | — | |
| Texas Instruments Inc. | 3.79 | 2.75 | 2.54 | — | — | |
| Cash Ratio, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 1.31 | 1.33 | 1.04 | — | — | |
| Cash Ratio, Industry | ||||||
| Information Technology | 0.96 | 1.18 | 1.10 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).
1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,830 ÷ 2,452 = 1.15
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. | NXP Semiconductors N.V. cash ratio improved from 2019 to 2020 and from 2020 to 2021. |