Kulicke & Soffa Industries has a Cash Ratio of 3.91. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Kulicke & Soffa Industries's Cash Ratio or its related term are showing as below:
KLIC'
s Cash Ratio Range Over the Past 10 Years
Min: 2.06 Med: 3.62 Max: 10.11
Current: 3.91
During the past 13 years, Kulicke & Soffa Industries's highest Cash Ratio was 10.11. The lowest was 2.06. And the median was 3.62.
KLIC's Cash Ratio is ranked better than 84.44% of 990
companies
in the Semiconductors industry
Industry Median: 1.09
vs KLIC: 3.91
Kulicke & Soffa Industries Cash Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Kulicke & Soffa Industries's Cash Ratio
For the Semiconductor Equipment & Materials subindustry, Kulicke & Soffa Industries's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kulicke & Soffa Industries's Cash Ratio Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Kulicke & Soffa Industries's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Kulicke & Soffa Industries's Cash Ratio falls into.
Kulicke & Soffa Industries Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kulicke & Soffa Industries (NAS:KLIC) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Kulicke & Soffa Industries Cash Ratio Related Terms
Thank you for viewing the detailed overview of Kulicke & Soffa Industries's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kulicke & Soffa Industries (Kulicke & Soffa Industries) Business Description
Kulicke & Soffa Industries Inc is a United States-based company that is principally engaged in designing, manufacturing, and selling capital equipment and expendable tools that are used for assembling semiconductor devices. The company has four reportable segments which includes Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services. Its Ball Bonding Equipment segment which generates the majority of the revenue for the company includes results of the company from the design, development, manufacture and sale of ball bonding equipment and wafer level bonding equipment. The majority of its customers are located in the Asia-pacific region.
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