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Kulicke & Soffa Industries Quick Ratio

: 4.11 (As of Dec. 2020)
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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. Kulicke & Soffa Industries's quick ratio for the quarter that ended in Dec. 2020 was 4.11.

Kulicke & Soffa Industries has a quick ratio of 4.11. It generally indicates good short-term financial strength.

NAS:KLIC' s Quick Ratio Range Over the Past 10 Years
Min: 1.21   Med: 2.91   Max: 13.19
Current: 4.11
1.21
13.19

During the past 13 years, Kulicke & Soffa Industries's highest Quick Ratio was 13.19. The lowest was 1.21. And the median was 2.91.

NAS:KLIC's Quick Ratio is ranked higher than
83% of the 848 Companies
in the Semiconductors industry.

( Industry Median: 1.84 vs. NAS:KLIC: 4.11 )

Kulicke & Soffa Industries Quick 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.

* Premium members only.

Kulicke & Soffa Industries Annual Data
Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.51 4.31 5.01 4.61 4.74

Kulicke & Soffa Industries Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Quick Ratio 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 Premium Member Only Premium Member Only Premium Member Only 4.11 3.30 5.08 4.74 4.11
Competitive Comparison
* 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.

Kulicke & Soffa Industries Quick Ratio Distribution

* The bar in red indicates where Kulicke & Soffa Industries's Quick Ratio falls into.


Kulicke & Soffa Industries 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.

Kulicke & Soffa Industries's Quick Ratio for the fiscal year that ended in Sep. 2020 is calculated as

Quick Ratio (A: Sep. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(860.196-111.809)/157.893
=4.74

Kulicke & Soffa Industries's Quick Ratio for the quarter that ended in Dec. 2020 is calculated as

Quick Ratio (Q: Dec. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(949.611-125.082)/200.69
=4.11

* 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) 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.

Kulicke & Soffa Industries Quick Ratio Related Terms

Kulicke & Soffa Industries Quick Ratio Headlines

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