Stock Analysis on Net

Teradyne Inc. (NASDAQ:TER)

This company has been moved to the archive! The financial data has not been updated since May 3, 2024.

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Teradyne Inc., liquidity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Current ratio 3.28 3.03 3.20 3.45 3.08
Quick ratio 1.88 1.86 2.38 2.76 2.36
Cash ratio 1.24 1.20 1.70 2.05 1.69

Based on: 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), 10-K (reporting date: 2019-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Teradyne Inc. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Teradyne Inc. quick ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Teradyne Inc. cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Current Ratio

Teradyne Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Current assets 2,162,035 2,257,915 2,576,227 2,415,434 1,658,884
Current liabilities 659,951 746,263 805,120 700,871 539,029
Liquidity Ratio
Current ratio1 3.28 3.03 3.20 3.45 3.08
Benchmarks
Current Ratio, Competitors2
Advanced Micro Devices Inc. 2.51 2.36 2.02 2.54 1.95
Analog Devices Inc. 1.37 2.02 1.94 1.84 1.32
Applied Materials Inc. 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
KLA Corp. 2.24 2.50 2.71 2.78 2.44
Lam Research Corp. 3.16 2.69 3.30 3.43 3.61
Micron Technology Inc. 4.46 2.89 3.10 2.71 2.58
NVIDIA Corp. 3.52 6.65 4.09 7.67 7.94
Qualcomm Inc. 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 2.46 2.36 2.48 2.48 2.06
Current Ratio, Industry
Information Technology 1.46 1.43 1.64 1.85 1.77

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 2,162,035 ÷ 659,951 = 3.28

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. Teradyne Inc. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Quick Ratio

Teradyne Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 757,571 854,773 1,122,199 914,121 773,924
Marketable securities 62,154 39,612 244,231 522,280 137,303
Accounts receivable, less allowance for credit losses 422,124 491,145 550,749 497,506 362,368
Total quick assets 1,241,849 1,385,530 1,917,179 1,933,907 1,273,595
 
Current liabilities 659,951 746,263 805,120 700,871 539,029
Liquidity Ratio
Quick ratio1 1.88 1.86 2.38 2.76 2.36
Benchmarks
Quick Ratio, Competitors2
Advanced Micro Devices Inc. 1.67 1.57 1.49 1.81 1.43
Analog Devices Inc. 0.76 1.34 1.24 1.31 0.85
Applied Materials Inc. 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
KLA Corp. 1.33 1.57 1.81 1.82 1.54
Lam Research Corp. 1.95 1.72 2.11 2.22 2.16
Micron Technology Inc. 2.53 1.92 2.17 1.82 1.74
NVIDIA Corp. 2.61 5.96 3.56 7.04 6.66
Qualcomm Inc. 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 1.65 1.64 1.80 1.79 1.48
Quick Ratio, Industry
Information Technology 1.17 1.15 1.38 1.59 1.54

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,241,849 ÷ 659,951 = 1.88

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. Teradyne Inc. quick ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Cash Ratio

Teradyne Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 757,571 854,773 1,122,199 914,121 773,924
Marketable securities 62,154 39,612 244,231 522,280 137,303
Total cash assets 819,725 894,385 1,366,430 1,436,401 911,227
 
Current liabilities 659,951 746,263 805,120 700,871 539,029
Liquidity Ratio
Cash ratio1 1.24 1.20 1.70 2.05 1.69
Benchmarks
Cash Ratio, Competitors2
Advanced Micro Devices Inc. 0.86 0.92 0.85 0.95 0.64
Analog Devices Inc. 0.30 0.60 0.71 0.77 0.43
Applied Materials Inc. 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
KLA Corp. 0.87 0.94 1.19 1.17 0.98
Lam Research Corp. 1.28 0.77 1.25 1.55 1.54
Micron Technology Inc. 2.01 1.24 1.34 1.23 1.24
NVIDIA Corp. 2.03 4.89 2.95 6.11 5.58
Qualcomm Inc. 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 1.23 1.16 1.31 1.33 1.04
Cash Ratio, Industry
Information Technology 0.75 0.72 0.96 1.18 1.10

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 819,725 ÷ 659,951 = 1.24

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. Teradyne Inc. cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.