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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Cohu's current ratio for the quarter that ended in Mar. 2024 was 6.29.
Cohu has a current ratio of 6.29. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Cohu's Current Ratio or its related term are showing as below:
During the past 13 years, Cohu's highest Current Ratio was 6.29. The lowest was 2.57. And the median was 3.43.
The historical data trend for Cohu's Current Ratio can be seen below:
* 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.
Cohu Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 2.95 | 2.78 | 3.90 | 4.75 | 6.18 |
Cohu Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Current Ratio | Get a 7-Day Free Trial | 4.89 | 5.22 | 5.59 | 6.18 | 6.29 |
For the Semiconductor Equipment & Materials subindustry, Cohu's Current Ratio, along with its competitors' market caps and Current 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.
For the Semiconductors industry and Technology sector, Cohu's Current Ratio distribution charts can be found below:
* The bar in red indicates where Cohu's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Cohu's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 638.818 | / | 103.421 | |
= | 6.18 |
Cohu's Current Ratio for the quarter that ended in Mar. 2024 is calculated as
Current Ratio (Q: Mar. 2024 ) | = | Total Current Assets (Q: Mar. 2024 ) | / | Total Current Liabilities (Q: Mar. 2024 ) |
= | 572.917 | / | 91.095 | |
= | 6.29 |
* 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.
Cohu (NAS:COHU) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Cohu's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas D Kampfer | officer: VP Corp Dev, GC & Sec | C/O COHU, INC., 12367 CROSTHWAITE CIRCLE, POWAY CA 92128 |
Ian P Lawee | officer: VP & GM Semiconductor Test Grp | 12367 CROSTHWAITE CIRCLE, POWAY CA 92064 |
Jeffrey D Jones | officer: VP Finance & CFO | 12367 CROSTHWAITE CIRCLE, POWAY CA 92064 |
Nina Richardson | director | C/O SILICON LABORATORIES, 400 W CESAR CHAVEZ, AUSTIN TX 78701 |
William Bendush | director | MICROSEMI CORPORATION, ONE ENTERPRISE, ALISO VIEJO CA 92656 |
Steven J Bilodeau | director | C/O COHU, INC., 12367 CROSTHWAITE CIRCLE, POWAY CA 92064 |
Andreas W Mattes | director | C/O DIEBOLD, INCORPORATED, 5995 MAYFAIR RD, NORTH CANTON OH 44720 |
Christopher Bohrson | officer: VP & General Manager, Delta | 12367 CROSTHWAITE CIRCLE, POWAY CA 92064 |
Andrew M Caggia | director | 12367 CROSTHWAITE CIRCLE, POWAY CA 92064 |
Luis A Muller | officer: President, Delta Design, Inc. | 12367 CROSTHWAITE CIRCLE, POWAY CA 92064 |
Yon Jorden | director | 750 WEST JOHN CARPENTER FREEWAY, SUITE 1200, IRVING TX 75039 |
James A Donahue | officer: President & CEO | |
Pascal Ronde | officer: Sr. VP, Global Customer Team | LES CONQUERANTS - BATIMENT 1, AVENUE DE L'ATLANTIQUE, LES ULIS I0 91940 |
Robert L Ciardella | director | |
Lynne J Camp | director | 714 NW 914TH TERRACE, PORTLAND OR 97229 |
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