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SKYT (SkyWater Technology) Quick Ratio : 0.76 (As of Dec. 2024)


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What is SkyWater Technology Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. SkyWater Technology's quick ratio for the quarter that ended in Dec. 2024 was 0.76.

SkyWater Technology has a quick ratio of 0.76. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for SkyWater Technology's Quick Ratio or its related term are showing as below:

SKYT' s Quick Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.85   Max: 1.47
Current: 0.76

During the past 6 years, SkyWater Technology's highest Quick Ratio was 1.47. The lowest was 0.57. And the median was 0.85.

SKYT's Quick Ratio is ranked worse than
86.46% of 1012 companies
in the Semiconductors industry
Industry Median: 1.905 vs SKYT: 0.76

SkyWater Technology Quick Ratio Historical Data

The historical data trend for SkyWater Technology's Quick 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.

* Premium members only.

SkyWater Technology Quick Ratio Chart

SkyWater Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Quick Ratio
Get a 7-Day Free Trial 0.57 1.19 0.78 0.91 0.76

SkyWater Technology Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 0.86 0.79 0.78 0.76

Competitive Comparison of SkyWater Technology's Quick Ratio

For the Semiconductors subindustry, SkyWater Technology's Quick Ratio, along with its competitors' market caps and Quick 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.


SkyWater Technology's Quick Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SkyWater Technology's Quick Ratio distribution charts can be found below:

* The bar in red indicates where SkyWater Technology's Quick Ratio falls into.


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SkyWater Technology Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

SkyWater Technology's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Quick Ratio (A: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(132.077-14.535)/154.327
=0.76

SkyWater Technology's Quick Ratio for the quarter that ended in Dec. 2024 is calculated as

Quick Ratio (Q: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(132.077-14.535)/154.327
=0.76

* 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.


SkyWater Technology  (NAS:SKYT) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


SkyWater Technology Quick Ratio Related Terms

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SkyWater Technology Business Description

Traded in Other Exchanges
N/A
Address
2401 East 86th Street, Bloomington, MN, USA, 55425
SkyWater Technology Inc is a U.S.-based, independent, pure-play technology foundry that offers semiconductor development and manufacturing services from its fabrication facilities. In its technology as a service model, it leverages a foundation of proprietary technology, engineering to co-develop process technology intellectual property (IP) with its customers that enable disruptive concepts through its Technology Services for diverse microelectronics (integrated circuits) and related micro- and nanotechnology applications. It focuses on serving diversified, high-growth, end users in numerous vertical markets, including computation, aerospace and defense (A&D), automotive and transportation, bio-health, and industrial.
Executives
Gregory B Graves director 129 CONCORD ROAD, BILLERICA MA 01821
Loren A Unterseher director, 10 percent owner 8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445
John Sakamoto officer: President and COO 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Nancy Fares director 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Thomas Sonderman director, officer: President & CEO 16 JONSPIN ROAD, WILMINGTON MA 01887
Christopher Hilberg officer: Chief Legal Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Edward Daly director 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Steve Manko officer: CFO 2401 EAST 86TH ST, BLOOMINGTON MN 55425
Mark Litecky officer: Chief Revenue Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Amanda Daniel officer: Chief Human Resources Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Steve Kosier officer: Chief Technology Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Bradley Ferguson officer: Chief Govt Affairs Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Ddk Developments, L.l.c. 10 percent owner C/O BART L. ZIBROWSKI, 740 SADDLE WOOD DRIVE, EAGAN MN 55123
Bart L Zibrowski 10 percent owner 740 SADDLE WOOD DRIVE, EAGAN MN 55123
John T Kurtzweil director C/O CIRRUS LOGIC, INC., 2901 VIA FORTUNA, AUSTIN TX 78746