Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Qualcomm Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-03-29), 10-Q (reporting date: 2025-12-28), 10-K (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-23), 10-Q (reporting date: 2024-03-24), 10-Q (reporting date: 2023-12-24), 10-K (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-K (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-K (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27).
An analysis of liquidity metrics reveals a cyclical trend characterized by an initial contraction in solvency margins followed by a period of significant strengthening and a subsequent gradual normalization.
- Current Ratio
- A downward trend was observed from December 2020, where the ratio stood at 2.15, reaching a trough of 1.61 in mid-2022. Following this period, a consistent upward trajectory occurred, peaking at 3.19 in June 2025. The ratio then moderated, ending the period at 2.37 in March 2026. Throughout the entire timeframe, the ratio remained well above 1.0, indicating a sustained ability to cover short-term obligations with current assets.
- Quick Ratio
- The quick ratio mirrored the movement of the current ratio but exhibited more pronounced volatility. From an initial 1.78 in December 2020, the ratio declined to a low of 0.90 by June 2022, suggesting a temporary phase where highly liquid assets were insufficient to cover current liabilities without relying on inventory. A recovery phase ensued, with the ratio climbing to a peak of 2.02 in June 2025 before declining to 1.45 by March 2026.
- Cash Ratio
- The most conservative liquidity measure showed a significant decline from 1.33 in December 2020 to a minimum of 0.54 in September 2022. This was followed by a robust increase, reaching a peak of 1.58 in June 2025. The ratio concluded the analyzed period at 1.00 in March 2026, indicating that cash and cash equivalents were exactly equal to current liabilities at that point.
The convergence of these trends suggests a period of liquidity tightening between 2021 and 2022, followed by a substantial accumulation of liquid assets through early 2025. The divergence between the current and quick ratios during certain quarters indicates fluctuations in inventory levels, while the overall recovery across all three metrics points to a strategic strengthening of the short-term financial position prior to the gradual decline observed in late 2025 and early 2026.
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Current Ratio
Qualcomm Inc., current ratio calculation (quarterly data)
| Mar 29, 2026 | Dec 28, 2025 | Sep 28, 2025 | Jun 29, 2025 | Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 23, 2024 | Mar 24, 2024 | Dec 24, 2023 | Sep 24, 2023 | Jun 25, 2023 | Mar 26, 2023 | Dec 25, 2022 | Sep 25, 2022 | Jun 26, 2022 | Mar 27, 2022 | Dec 26, 2021 | Sep 26, 2021 | Jun 27, 2021 | Mar 28, 2021 | Dec 27, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current assets | 23,112) | 24,608) | 25,754) | 24,913) | 26,080) | 26,065) | 25,231) | 23,332) | 24,232) | 23,439) | 22,464) | 20,476) | 19,073) | 21,098) | 20,724) | 18,999) | 21,610) | 20,222) | 20,075) | 19,693) | 18,299) | 19,792) | |||||||
| Current liabilities | 9,767) | 9,822) | 9,144) | 7,800) | 9,544) | 9,954) | 10,504) | 9,747) | 9,143) | 9,169) | 9,628) | 8,463) | 7,866) | 10,081) | 11,866) | 11,829) | 13,432) | 12,273) | 11,951) | 11,460) | 9,070) | 9,223) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Current ratio1 | 2.37 | 2.51 | 2.82 | 3.19 | 2.73 | 2.62 | 2.40 | 2.39 | 2.65 | 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 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 2.72 | 2.85 | 2.31 | 2.49 | 2.80 | 2.62 | 2.50 | 2.82 | 2.64 | 2.51 | 2.19 | 2.18 | 2.38 | 2.36 | 2.16 | 2.44 | 2.40 | — | — | — | — | |||||||
| Analog Devices Inc. | 1.75 | 1.76 | 2.19 | 2.32 | 2.08 | 1.93 | 1.84 | 1.69 | 1.58 | 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 | |||||||
| Applied Materials Inc. | 2.51 | 2.71 | 2.61 | 2.50 | 2.46 | 2.68 | 2.51 | 2.86 | 2.80 | 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 | |||||||
| Broadcom Inc. | 2.24 | 1.90 | 1.71 | 1.50 | 1.08 | 1.00 | 1.17 | 1.04 | 1.25 | 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 | |||||||
| Intel Corp. | — | 2.31 | 2.02 | 1.60 | 1.24 | 1.31 | 1.33 | 1.31 | 1.59 | 1.57 | 1.54 | 1.53 | 1.60 | 1.76 | 1.57 | 1.77 | 1.86 | 2.13 | — | — | — | — | |||||||
| KLA Corp. | 2.83 | 2.69 | 2.62 | 2.54 | 2.36 | 2.13 | 2.15 | 2.14 | 1.91 | 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 | |||||||
| Lam Research Corp. | 2.26 | 2.21 | 2.21 | 2.45 | 2.54 | 2.53 | 2.97 | 2.82 | 3.06 | 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 | |||||||
| Micron Technology Inc. | 2.90 | 2.46 | 2.52 | 2.75 | 3.13 | 2.72 | 2.64 | 3.41 | 3.74 | 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 | |||||||
| NVIDIA Corp. | 4.21 | 3.39 | 4.44 | 4.10 | 4.27 | 3.53 | 4.17 | 3.59 | 2.79 | 3.43 | 3.52 | 3.39 | 3.62 | 5.32 | 6.65 | 7.14 | 5.80 | 4.53 | — | — | — | — | |||||||
| Texas Instruments Inc. | — | 4.46 | 4.35 | 4.45 | 5.81 | 5.26 | 4.12 | 4.31 | 4.62 | 4.91 | 4.55 | 5.69 | 5.72 | 5.17 | 4.70 | 4.92 | 5.09 | 5.54 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2026-03-29), 10-Q (reporting date: 2025-12-28), 10-K (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-23), 10-Q (reporting date: 2024-03-24), 10-Q (reporting date: 2023-12-24), 10-K (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-K (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-K (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27).
1 Q2 2026 Calculation
Current ratio = Current assets ÷ Current liabilities
= 23,112 ÷ 9,767 = 2.37
2 Click competitor name to see calculations.
The liquidity position exhibits a cyclical pattern over the analyzed period, characterized by an initial contraction, a sustained period of strengthening, and a recent moderate normalization. The current ratio fluctuated between a low of 1.61 and a peak of 3.19, indicating varying levels of short-term solvency and working capital management.
- Initial Liquidity Contraction (December 2020 – March 2022)
- A downward trend in the current ratio is observed during this period, declining from 2.15 to 1.61. This deterioration was primarily driven by a steady increase in current liabilities, which rose from 9,223 million US$ to a peak of 13,432 million US$ by March 2022, outpacing the growth in current assets.
- Liquidity Expansion and Optimization (March 2022 – June 2025)
- A significant reversal in the liquidity trend occurred starting in mid-2022. The current ratio climbed consistently, reaching a maximum of 3.19 in June 2025. This improvement resulted from a combination of substantial reductions in current liabilities, which hit a low of 7,800 million US$ in June 2025, and a general increase in current assets, which peaked at 26,080 million US$ in March 2025.
- Recent Normalization (June 2025 – March 2026)
- The final phase of the data shows a gradual decline in the current ratio from 3.19 to 2.37. This shift is attributed to a reduction in current assets, which fell to 23,112 million US$ by March 2026, while current liabilities remained relatively stable near 9,767 million US$. Despite this decrease, the liquidity remains significantly stronger than the levels observed between 2021 and 2022.
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Quick Ratio
Qualcomm Inc., quick ratio calculation (quarterly data)
| Mar 29, 2026 | Dec 28, 2025 | Sep 28, 2025 | Jun 29, 2025 | Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 23, 2024 | Mar 24, 2024 | Dec 24, 2023 | Sep 24, 2023 | Jun 25, 2023 | Mar 26, 2023 | Dec 25, 2022 | Sep 25, 2022 | Jun 26, 2022 | Mar 27, 2022 | Dec 26, 2021 | Sep 26, 2021 | Jun 27, 2021 | Mar 28, 2021 | Dec 27, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 5,435) | 7,205) | 5,520) | 5,448) | 7,203) | 8,713) | 7,849) | 7,770) | 9,219) | 8,133) | 8,450) | 6,087) | 3,488) | 4,808) | 2,773) | 2,676) | 7,173) | 6,607) | 7,116) | 7,399) | 6,000) | 7,076) | |||||||
| Restricted cash | —) | —) | 2,323) | 2,323) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Marketable securities | 4,364) | 4,617) | 4,635) | 4,563) | 6,643) | 5,592) | 5,451) | 5,262) | 4,632) | 3,921) | 2,874) | 2,544) | 3,188) | 3,430) | 3,609) | 4,172) | 4,373) | 4,703) | 5,298) | 5,508) | 5,526) | 5,222) | |||||||
| Accounts receivable, net | 4,347) | 4,153) | 4,315) | 3,410) | 3,699) | 3,550) | 3,929) | 2,948) | 3,054) | 3,513) | 3,183) | 3,850) | 3,691) | 3,960) | 5,643) | 3,804) | 4,084) | 4,032) | 3,579) | 2,952) | 3,346) | 4,148) | |||||||
| Total quick assets | 14,146) | 15,975) | 16,793) | 15,744) | 17,545) | 17,855) | 17,229) | 15,980) | 16,905) | 15,567) | 14,507) | 12,481) | 10,367) | 12,198) | 12,025) | 10,652) | 15,630) | 15,342) | 15,993) | 15,859) | 14,872) | 16,446) | |||||||
| Current liabilities | 9,767) | 9,822) | 9,144) | 7,800) | 9,544) | 9,954) | 10,504) | 9,747) | 9,143) | 9,169) | 9,628) | 8,463) | 7,866) | 10,081) | 11,866) | 11,829) | 13,432) | 12,273) | 11,951) | 11,460) | 9,070) | 9,223) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Quick ratio1 | 1.45 | 1.63 | 1.84 | 2.02 | 1.84 | 1.79 | 1.64 | 1.64 | 1.85 | 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 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 1.75 | 1.78 | 1.15 | 1.12 | 1.66 | 1.56 | 1.57 | 1.79 | 1.71 | 1.67 | 1.42 | 1.40 | 1.52 | 1.57 | 1.48 | 1.82 | 1.83 | — | — | — | — | |||||||
| Analog Devices Inc. | 1.23 | 1.25 | 1.57 | 1.69 | 1.40 | 1.32 | 1.24 | 1.14 | 1.02 | 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 | |||||||
| Applied Materials Inc. | 1.62 | 1.74 | 1.72 | 1.62 | 1.62 | 1.84 | 1.74 | 1.95 | 1.79 | 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 | |||||||
| Broadcom Inc. | 1.61 | 1.34 | 1.26 | 1.03 | 0.73 | 0.68 | 0.82 | 0.76 | 0.76 | 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 | |||||||
| Intel Corp. | — | 1.37 | 1.31 | 1.06 | 0.67 | 0.75 | 0.72 | 0.77 | 1.01 | 0.91 | 1.01 | 0.97 | 1.00 | 1.15 | 1.01 | 1.08 | 1.22 | 1.56 | — | — | — | — | |||||||
| KLA Corp. | 1.83 | 1.72 | 1.65 | 1.58 | 1.48 | 1.37 | 1.36 | 1.33 | 1.13 | 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 | |||||||
| Lam Research Corp. | 1.56 | 1.54 | 1.49 | 1.58 | 1.68 | 1.69 | 1.93 | 1.78 | 1.95 | 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 | |||||||
| Micron Technology Inc. | 2.23 | 1.70 | 1.71 | 1.80 | 1.87 | 1.67 | 1.59 | 1.98 | 2.13 | 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 | |||||||
| NVIDIA Corp. | 3.49 | 2.86 | 3.67 | 3.41 | 3.50 | 2.88 | 3.38 | 2.92 | 2.23 | 2.67 | 2.61 | 2.63 | 2.95 | 4.63 | 5.96 | 6.44 | 5.22 | 3.92 | — | — | — | — | |||||||
| Texas Instruments Inc. | — | 2.37 | 2.17 | 2.32 | 2.93 | 2.76 | 2.55 | 2.88 | 3.13 | 3.40 | 3.12 | 4.12 | 4.24 | 3.93 | 3.67 | 3.98 | 4.13 | 4.60 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2026-03-29), 10-Q (reporting date: 2025-12-28), 10-K (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-23), 10-Q (reporting date: 2024-03-24), 10-Q (reporting date: 2023-12-24), 10-K (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-K (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-K (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27).
1 Q2 2026 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 14,146 ÷ 9,767 = 1.45
2 Click competitor name to see calculations.
The liquidity position of the entity experienced three distinct phases between December 2020 and March 2026, characterized by an initial contraction, a period of significant recovery, and a subsequent phase of stabilization with a slight late-term decline.
- Liquidity Contraction Phase (December 2020 – June 2022)
- A consistent downward trend in the quick ratio is observed, falling from 1.78 to a period low of 0.90. This deterioration was driven by a combination of rising current liabilities, which peaked at 13,432 million USD in March 2022, and a sharp decline in total quick assets to 10,652 million USD by June 2022. This period represents the only instance where the quick ratio dipped below the 1.0 threshold, indicating a temporary state where liquid assets were insufficient to cover immediate obligations.
- Recovery and Strengthening Phase (September 2022 – March 2024)
- A robust recovery in liquidity is evident as the quick ratio ascended from 1.01 back to 1.85. This improvement was facilitated by a strategic reduction in current liabilities, which reached a low of 7,866 million USD in March 2023, alongside a steady accumulation of quick assets that rose to 16,905 million USD by March 2024. The synchronization of decreasing short-term debt and increasing liquid reserves substantially strengthened the entity's immediate solvency.
- Stabilization and Final Trend (June 2024 – March 2026)
- The liquidity profile entered a period of relative stability, although characterized by some volatility. A peak quick ratio of 2.02 was achieved in June 2025, supported by current liabilities dropping to 7,800 million USD. However, the final quarters show a gradual moderation, with the ratio ending at 1.45 in March 2026. This late-term decline is attributed to a reduction in total quick assets to 14,146 million USD and a simultaneous increase in current liabilities to 9,767 million USD.
Overall, while the entity encountered a period of heightened liquidity risk in mid-2022, it successfully restored its financial flexibility. The long-term trend demonstrates an ability to maintain a quick ratio generally above 1.0, suggesting a sustainable capacity to meet short-term obligations without relying on the sale of inventory.
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Cash Ratio
Qualcomm Inc., cash ratio calculation (quarterly data)
| Mar 29, 2026 | Dec 28, 2025 | Sep 28, 2025 | Jun 29, 2025 | Mar 30, 2025 | Dec 29, 2024 | Sep 29, 2024 | Jun 23, 2024 | Mar 24, 2024 | Dec 24, 2023 | Sep 24, 2023 | Jun 25, 2023 | Mar 26, 2023 | Dec 25, 2022 | Sep 25, 2022 | Jun 26, 2022 | Mar 27, 2022 | Dec 26, 2021 | Sep 26, 2021 | Jun 27, 2021 | Mar 28, 2021 | Dec 27, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | 5,435) | 7,205) | 5,520) | 5,448) | 7,203) | 8,713) | 7,849) | 7,770) | 9,219) | 8,133) | 8,450) | 6,087) | 3,488) | 4,808) | 2,773) | 2,676) | 7,173) | 6,607) | 7,116) | 7,399) | 6,000) | 7,076) | |||||||
| Restricted cash | —) | —) | 2,323) | 2,323) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Marketable securities | 4,364) | 4,617) | 4,635) | 4,563) | 6,643) | 5,592) | 5,451) | 5,262) | 4,632) | 3,921) | 2,874) | 2,544) | 3,188) | 3,430) | 3,609) | 4,172) | 4,373) | 4,703) | 5,298) | 5,508) | 5,526) | 5,222) | |||||||
| Total cash assets | 9,799) | 11,822) | 12,478) | 12,334) | 13,846) | 14,305) | 13,300) | 13,032) | 13,851) | 12,054) | 11,324) | 8,631) | 6,676) | 8,238) | 6,382) | 6,848) | 11,546) | 11,310) | 12,414) | 12,907) | 11,526) | 12,298) | |||||||
| Current liabilities | 9,767) | 9,822) | 9,144) | 7,800) | 9,544) | 9,954) | 10,504) | 9,747) | 9,143) | 9,169) | 9,628) | 8,463) | 7,866) | 10,081) | 11,866) | 11,829) | 13,432) | 12,273) | 11,951) | 11,460) | 9,070) | 9,223) | |||||||
| Liquidity Ratio | |||||||||||||||||||||||||||||
| Cash ratio1 | 1.00 | 1.20 | 1.36 | 1.58 | 1.45 | 1.44 | 1.27 | 1.34 | 1.51 | 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 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | |||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 1.18 | 1.12 | 0.62 | 0.60 | 0.95 | 0.70 | 0.61 | 0.86 | 0.93 | 0.86 | 0.76 | 0.83 | 0.90 | 0.92 | 0.84 | 1.08 | 1.17 | — | — | — | — | |||||||
| Analog Devices Inc. | 0.77 | 0.93 | 1.13 | 1.16 | 0.88 | 0.92 | 0.79 | 0.79 | 0.72 | 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 | |||||||
| Applied Materials Inc. | 0.92 | 1.10 | 1.07 | 0.89 | 0.84 | 1.06 | 1.12 | 1.26 | 1.10 | 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 | |||||||
| Broadcom Inc. | 1.04 | 0.84 | 0.87 | 0.64 | 0.46 | 0.45 | 0.56 | 0.52 | 0.49 | 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 | |||||||
| Intel Corp. | — | 1.22 | 1.18 | 0.96 | 0.61 | 0.65 | 0.62 | 0.69 | 0.91 | 0.78 | 0.89 | 0.87 | 0.89 | 1.01 | 0.88 | 0.81 | 0.99 | 1.32 | — | — | — | — | |||||||
| KLA Corp. | 1.31 | 1.16 | 1.10 | 1.03 | 0.91 | 0.96 | 0.97 | 0.96 | 0.73 | 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 | |||||||
| Lam Research Corp. | 0.99 | 1.00 | 0.97 | 0.99 | 1.06 | 1.14 | 1.35 | 1.28 | 1.32 | 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 | |||||||
| Micron Technology Inc. | 1.02 | 0.86 | 0.90 | 1.07 | 1.04 | 0.84 | 0.88 | 1.23 | 1.44 | 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 | |||||||
| NVIDIA Corp. | 2.34 | 2.02 | 2.39 | 2.34 | 2.49 | 2.07 | 2.44 | 2.01 | 1.55 | 2.11 | 2.03 | 1.92 | 2.25 | 3.66 | 4.89 | 5.34 | 4.42 | 3.16 | — | — | — | — | |||||||
| Texas Instruments Inc. | — | 1.65 | 1.55 | 1.66 | 2.15 | 2.01 | 2.08 | 2.37 | 2.66 | 2.93 | 2.58 | 3.37 | 3.52 | 3.29 | 3.04 | 3.25 | 3.28 | 3.89 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2026-03-29), 10-Q (reporting date: 2025-12-28), 10-K (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-23), 10-Q (reporting date: 2024-03-24), 10-Q (reporting date: 2023-12-24), 10-K (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-K (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-K (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27).
1 Q2 2026 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 9,799 ÷ 9,767 = 1.00
2 Click competitor name to see calculations.
The analysis of the cash ratio reveals a cyclical pattern of liquidity fluctuations between December 2020 and March 2026. The company experienced a significant contraction in its immediate liquidity position during the first half of the period, followed by a robust recovery and a subsequent period of stabilization with a recent moderate decline.
- Initial Liquidity Contraction (December 2020 – September 2022)
- A consistent downward trend in the cash ratio is observed, falling from 1.33 in December 2020 to a period low of 0.54 in September 2022. This erosion of liquidity was driven by a simultaneous decrease in total cash assets, which dropped from $12,298 million to $6,382 million, and an expansion of current liabilities, which peaked at $13,432 million in March 2022.
- Liquidity Rebound and Peak (September 2022 – June 2025)
- A strong recovery phase occurred between September 2022 and June 2025, during which the cash ratio climbed back above 1.00, eventually peaking at 1.58. This improvement was primarily facilitated by a substantial accumulation of cash assets, reaching a high of $14,305 million in December 2024, combined with a general reduction in current liabilities, which reached a low of $7,800 million in June 2025.
- Recent Liquidity Moderation (June 2025 – March 2026)
- In the final quarters of the period, the cash ratio entered a moderate decline, moving from 1.58 in June 2025 to 1.00 by March 2026. This trend is attributed to a reduction in total cash assets, which fell from $12,334 million to $9,799 million, effectively returning the company to a position where cash assets exactly match current liabilities.
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