Analysis of Liquidity Ratios
Quarterly Data

Liquidity ratios measure the company ability to meet its short-term obligations.

Liquidity Ratios (Summary)
Current Ratio
Quick Ratio
Cash Ratio

Liquidity Ratios (Summary)

ON Semiconductor Corp., liquidity ratios (quarterly data)

	Mar 29, 2024	Dec 31, 2023	Sep 29, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jul 1, 2022	Apr 1, 2022	Dec 31, 2021	Oct 1, 2021	Jul 2, 2021	Apr 2, 2021	Dec 31, 2020	Oct 2, 2020	Jul 3, 2020	Apr 3, 2020	Dec 31, 2019	Sep 27, 2019	Jun 28, 2019	Mar 29, 2019
Current ratio	2.87	2.71	2.44	2.39	2.22	2.78	3.01	2.79	2.79	2.45	2.52	2.22	1.84	1.90	2.11	2.35	2.32	1.66	1.54	2.42	2.31
Quick ratio	1.63	1.57	1.46	1.44	1.39	1.82	1.88	1.71	1.63	1.40	1.46	1.21	1.00	1.05	1.32	1.55	1.52	0.88	0.82	1.26	1.25
Cash ratio	1.22	1.14	1.07	1.06	1.05	1.42	1.39	1.05	1.05	0.88	0.96	0.75	0.60	0.65	0.92	1.17	1.14	0.49	0.46	0.70	0.71

Download chart

Liquidity ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	ON Semiconductor Corp. current ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Quick ratio	A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.	ON Semiconductor Corp. quick ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	ON Semiconductor Corp. cash ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Current Ratio

ON Semiconductor Corp., current ratio calculation (quarterly data)

	Mar 29, 2024	Dec 31, 2023	Sep 29, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jul 1, 2022	Apr 1, 2022	Dec 31, 2021	Oct 1, 2021	Jul 2, 2021	Apr 2, 2021	Dec 31, 2020	Oct 2, 2020	Jul 3, 2020	Apr 3, 2020	Dec 31, 2019	Sep 27, 2019	Jun 28, 2019	Mar 29, 2019
Selected Financial Data (US$ in thousands)
Current assets	6,148,900)	5,912,300)	6,085,400)	5,930,200)	5,716,300)	5,729,400)	5,309,400)	4,785,300)	4,367,400)	3,781,600)	3,641,800)	3,229,900)	3,187,600)	3,184,100)	3,812,600)	4,144,400)	4,032,300)	3,020,000)	3,073,000)	3,064,200)	3,046,700)
Current liabilities	2,139,000)	2,183,600)	2,494,800)	2,480,700)	2,580,000)	2,061,400)	1,761,000)	1,713,300)	1,566,100)	1,543,400)	1,444,100)	1,455,100)	1,730,000)	1,674,500)	1,803,100)	1,764,600)	1,736,100)	1,818,400)	2,001,600)	1,266,800)	1,317,500)
Liquidity Ratio
Current ratio¹	2.87	2.71	2.44	2.39	2.22	2.78	3.01	2.79	2.79	2.45	2.52	2.22	1.84	1.90	2.11	2.35	2.32	1.66	1.54	2.42	2.31
Benchmarks
Current Ratio, Competitors²
Advanced Micro Devices Inc.	2.64	2.51	2.19	2.18	2.38	2.36	2.16	2.44	2.40	2.02	2.24	2.70	2.51	2.54	2.28	2.10	2.21	1.95	2.10	2.08	2.08
Analog Devices Inc.	1.51	1.37	1.71	1.79	2.12	2.02	1.92	1.99	2.09	1.94	1.11	1.05	1.57	1.84	1.47	1.30	1.08	1.32	1.35	1.52	2.34
Applied Materials Inc.	2.71	2.60	2.30	2.26	2.31	2.16	2.26	2.29	2.51	2.54	2.98	3.10	3.17	3.00	2.86	2.67	2.36	2.30	2.65	2.79	2.72
Broadcom Inc.	1.33	2.82	2.50	2.38	2.52	2.62	2.32	2.14	2.44	2.64	2.41	2.21	2.14	1.87	2.04	2.15	1.56	1.44	1.32	1.26	1.27
First Solar Inc.	2.41	3.55	3.19	3.36	3.08	3.65	4.09	4.21	4.07	4.39	4.26	4.77	4.69	3.56	3.83	3.66	3.75	2.73	4.00	4.05	4.38
Intel Corp.	1.57	1.54	1.53	1.60	1.76	1.57	1.77	1.86	2.13	2.10	2.07	1.99	1.90	1.91	1.66	1.97	1.74	1.40	1.20	1.48	1.54
KLA Corp.	2.21	2.24	2.35	2.34	2.43	2.50	2.33	2.41	2.44	2.71	2.66	2.59	2.72	2.78	2.61	2.55	2.24	2.44	2.61	3.03	3.45
Lam Research Corp.	3.06	3.16	3.09	3.01	2.69	2.69	2.83	3.13	3.27	3.30	3.13	3.19	3.31	3.43	4.47	3.30	3.59	3.61	3.37	3.39	2.66
Micron Technology Inc.	3.53	4.46	4.26	4.17	3.51	2.89	3.24	3.11	3.10	3.10	3.40	3.18	2.91	2.71	2.89	2.74	2.56	2.58	2.79	2.25	2.90
NVIDIA Corp.	3.43	3.52	3.39	3.62	5.32	6.65	7.14	5.80	4.53	4.09	3.92	6.09	10.29	7.67	8.42	8.65	8.98	7.94	7.08	7.41	8.54
Qualcomm Inc.	2.56	2.33	2.42	2.42	2.09	1.75	1.61	1.61	1.65	1.68	1.72	2.02	2.15	2.14	1.97	1.57	1.76	1.88	1.77	1.55	1.54
Texas Instruments Inc.	4.91	4.55	5.69	5.72	5.17	4.70	4.92	5.09	5.54	5.33	5.63	5.08	6.12	4.28	4.24	3.92	3.49	4.13	4.34	3.01	3.68

¹ Q1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 6,148,900 ÷ 2,139,000 = 2.87

² Click competitor name to see calculations.

Download chart

Liquidity ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	ON Semiconductor Corp. current ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Quick Ratio

ON Semiconductor Corp., quick ratio calculation (quarterly data)

	Mar 29, 2024	Dec 31, 2023	Sep 29, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jul 1, 2022	Apr 1, 2022	Dec 31, 2021	Oct 1, 2021	Jul 2, 2021	Apr 2, 2021	Dec 31, 2020	Oct 2, 2020	Jul 3, 2020	Apr 3, 2020	Dec 31, 2019	Sep 27, 2019	Jun 28, 2019	Mar 29, 2019
Selected Financial Data (US$ in thousands)
Cash and cash equivalents	2,614,400)	2,483,000)	2,679,200)	2,622,200)	2,702,400)	2,919,000)	2,450,200)	1,791,600)	1,645,100)	1,352,600)	1,389,200)	1,091,100)	1,042,500)	1,080,700)	1,654,000)	2,060,400)	1,982,000)	894,200)	928,700)	885,200)	939,600)
Receivables, net	873,300)	935,400)	958,200)	944,400)	880,900)	842,300)	857,300)	1,138,100)	910,700)	809,400)	720,000)	669,100)	683,600)	676,000)	728,100)	667,400)	652,000)	705,000)	716,600)	713,200)	704,000)
Total quick assets	3,487,700)	3,418,400)	3,637,400)	3,566,600)	3,583,300)	3,761,300)	3,307,500)	2,929,700)	2,555,800)	2,162,000)	2,109,200)	1,760,200)	1,726,100)	1,756,700)	2,382,100)	2,727,800)	2,634,000)	1,599,200)	1,645,300)	1,598,400)	1,643,600)

Current liabilities	2,139,000)	2,183,600)	2,494,800)	2,480,700)	2,580,000)	2,061,400)	1,761,000)	1,713,300)	1,566,100)	1,543,400)	1,444,100)	1,455,100)	1,730,000)	1,674,500)	1,803,100)	1,764,600)	1,736,100)	1,818,400)	2,001,600)	1,266,800)	1,317,500)
Liquidity Ratio
Quick ratio¹	1.63	1.57	1.46	1.44	1.39	1.82	1.88	1.71	1.63	1.40	1.46	1.21	1.00	1.05	1.32	1.55	1.52	0.88	0.82	1.26	1.25
Benchmarks
Quick Ratio, Competitors²
Advanced Micro Devices Inc.	1.72	1.67	1.42	1.40	1.52	1.57	1.48	1.82	1.83	1.49	1.64	2.01	1.85	1.81	1.62	1.47	1.56	1.43	1.41	1.38	1.41
Analog Devices Inc.	0.86	0.76	0.98	1.06	1.36	1.34	1.34	1.44	1.54	1.24	0.82	0.76	1.12	1.31	1.05	0.87	0.70	0.85	0.88	1.03	1.55
Applied Materials Inc.	1.72	1.63	1.43	1.35	1.30	1.17	1.24	1.32	1.62	1.64	2.02	2.10	2.15	1.95	1.76	1.75	1.45	1.38	1.57	1.63	1.63
Broadcom Inc.	0.83	2.34	2.04	1.94	2.12	2.18	1.89	1.75	2.03	2.27	2.05	1.86	1.80	1.56	1.72	1.88	1.30	1.21	1.09	1.04	1.05
First Solar Inc.	1.62	2.62	2.15	2.31	2.19	2.80	2.76	2.86	2.51	3.10	3.03	3.55	3.47	2.38	2.53	2.46	2.46	2.00	2.51	2.73	2.89
Intel Corp.	0.91	1.01	0.97	1.00	1.15	1.01	1.08	1.22	1.56	1.38	1.46	1.30	1.23	1.24	1.15	1.48	1.22	0.93	0.75	0.92	1.00
KLA Corp.	1.30	1.33	1.41	1.48	1.53	1.57	1.48	1.63	1.62	1.81	1.80	1.74	1.76	1.82	1.67	1.67	1.45	1.54	1.68	2.26	2.58
Lam Research Corp.	1.87	1.95	1.93	1.88	1.75	1.72	1.88	2.20	2.18	2.11	1.79	1.83	1.89	2.22	2.92	1.97	2.54	2.16	2.30	2.41	1.56
Micron Technology Inc.	2.01	2.53	2.50	2.49	2.13	1.92	2.35	2.24	2.28	2.17	2.30	1.94	1.89	1.82	1.98	1.81	1.74	1.74	1.84	1.62	2.12
NVIDIA Corp.	2.67	2.61	2.63	2.95	4.63	5.96	6.44	5.22	3.92	3.56	3.46	5.42	9.60	7.04	7.61	7.62	7.64	6.66	6.10	6.57	7.70
Qualcomm Inc.	1.70	1.51	1.47	1.32	1.21	1.01	0.90	1.16	1.25	1.34	1.38	1.64	1.78	1.75	1.57	1.33	1.54	1.65	1.54	1.33	1.30
Texas Instruments Inc.	3.40	3.12	4.12	4.24	3.93	3.67	3.98	4.13	4.60	4.45	4.74	4.08	4.86	3.34	3.16	2.84	2.54	3.04	3.19	2.13	2.56

¹ Q1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,487,700 ÷ 2,139,000 = 1.63

² Click competitor name to see calculations.

Download chart

Liquidity ratio	Description	The company
Quick ratio	A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.	ON Semiconductor Corp. quick ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Cash Ratio

ON Semiconductor Corp., cash ratio calculation (quarterly data)

	Mar 29, 2024	Dec 31, 2023	Sep 29, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jul 1, 2022	Apr 1, 2022	Dec 31, 2021	Oct 1, 2021	Jul 2, 2021	Apr 2, 2021	Dec 31, 2020	Oct 2, 2020	Jul 3, 2020	Apr 3, 2020	Dec 31, 2019	Sep 27, 2019	Jun 28, 2019	Mar 29, 2019
Selected Financial Data (US$ in thousands)
Cash and cash equivalents	2,614,400)	2,483,000)	2,679,200)	2,622,200)	2,702,400)	2,919,000)	2,450,200)	1,791,600)	1,645,100)	1,352,600)	1,389,200)	1,091,100)	1,042,500)	1,080,700)	1,654,000)	2,060,400)	1,982,000)	894,200)	928,700)	885,200)	939,600)
Total cash assets	2,614,400)	2,483,000)	2,679,200)	2,622,200)	2,702,400)	2,919,000)	2,450,200)	1,791,600)	1,645,100)	1,352,600)	1,389,200)	1,091,100)	1,042,500)	1,080,700)	1,654,000)	2,060,400)	1,982,000)	894,200)	928,700)	885,200)	939,600)

Current liabilities	2,139,000)	2,183,600)	2,494,800)	2,480,700)	2,580,000)	2,061,400)	1,761,000)	1,713,300)	1,566,100)	1,543,400)	1,444,100)	1,455,100)	1,730,000)	1,674,500)	1,803,100)	1,764,600)	1,736,100)	1,818,400)	2,001,600)	1,266,800)	1,317,500)
Liquidity Ratio
Cash ratio¹	1.22	1.14	1.07	1.06	1.05	1.42	1.39	1.05	1.05	0.88	0.96	0.75	0.60	0.65	0.92	1.17	1.14	0.49	0.46	0.70	0.71
Benchmarks
Cash Ratio, Competitors²
Advanced Micro Devices Inc.	0.93	0.86	0.76	0.83	0.90	0.92	0.84	1.08	1.17	0.85	1.01	1.31	1.09	0.95	0.73	0.73	0.70	0.64	0.65	0.63	0.68
Analog Devices Inc.	0.45	0.30	0.41	0.44	0.69	0.60	0.62	0.75	0.81	0.71	0.53	0.47	0.63	0.77	0.65	0.50	0.37	0.43	0.41	0.52	0.71
Applied Materials Inc.	1.06	0.93	0.79	0.65	0.56	0.35	0.52	0.59	0.92	0.86	1.27	1.40	1.47	1.29	1.11	1.20	0.87	0.81	0.94	1.00	0.98
Broadcom Inc.	0.58	1.92	1.64	1.54	1.69	1.76	1.49	1.30	1.63	1.94	1.71	1.48	1.43	1.20	1.32	1.39	0.83	0.73	0.66	0.63	0.61
First Solar Inc.	1.13	1.61	1.52	1.73	1.93	2.48	2.36	2.30	2.11	2.51	2.69	2.67	2.29	2.06	2.23	2.07	2.06	1.64	2.02	2.41	2.53
Intel Corp.	0.78	0.89	0.87	0.89	1.01	0.88	0.81	0.99	1.32	1.03	1.17	1.00	0.93	0.97	0.83	1.15	0.87	0.59	0.48	0.61	0.64
KLA Corp.	0.88	0.87	0.85	0.82	0.94	0.94	0.91	1.01	1.04	1.19	1.20	1.14	1.17	1.17	0.99	0.98	0.90	0.98	1.12	1.82	2.12
Lam Research Corp.	1.21	1.28	1.19	0.99	0.84	0.77	1.00	1.32	1.19	1.25	1.02	1.03	1.21	1.55	1.88	1.18	1.87	1.54	1.76	1.55	0.91
Micron Technology Inc.	1.52	2.01	2.03	2.06	1.62	1.24	1.46	1.46	1.47	1.34	1.53	1.32	1.24	1.23	1.40	1.28	1.20	1.24	1.24	1.02	1.07
NVIDIA Corp.	2.11	2.03	1.92	2.25	3.66	4.89	5.34	4.42	3.16	2.95	2.76	4.56	8.59	6.11	6.62	6.44	6.60	5.58	4.72	5.43	6.60
Qualcomm Inc.	1.31	1.18	1.02	0.85	0.82	0.54	0.58	0.86	0.92	1.04	1.13	1.27	1.33	1.29	1.34	1.02	1.24	1.37	1.32	0.98	0.98
Texas Instruments Inc.	2.93	2.58	3.37	3.52	3.29	3.04	3.25	3.28	3.89	3.79	4.05	3.36	3.93	2.75	2.53	2.29	1.99	2.54	2.52	1.59	1.89

¹ Q1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,614,400 ÷ 2,139,000 = 1.22

² Click competitor name to see calculations.

Download chart

Liquidity ratio	Description	The company
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	ON Semiconductor Corp. cash ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

ON Semiconductor Corp. (NASDAQ:ON)

Analysis of Liquidity Ratios Quarterly Data

Liquidity Ratios (Summary)

Current Ratio

Quick Ratio

Cash Ratio

Analysis of Liquidity Ratios
Quarterly Data