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 Mar. 2022 was 4.04.
Kulicke & Soffa Industries has a quick ratio of 4.04. It generally indicates good short-term financial strength.
The historical rank and industry rank for Kulicke & Soffa Industries's Quick Ratio or its related term are showing as below:
KLIC'
s Quick Ratio Range Over the Past 10 Years
Min: 1.21 Med: 2.96 Max: 13.19
Current: 4.04
During the past 13 years, Kulicke & Soffa Industries's highest Quick Ratio was 13.19. The lowest was 1.21. And the median was 2.96.
KLIC's Quick Ratio is ranked better than 81.22% of 916
companies
in the Semiconductors industry
Industry Median: 1.83
vs KLIC: 4.04
Kulicke & Soffa Industries Quick Ratio Historical Data
The historical data trend for Kulicke & Soffa Industries'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.
Kulicke & Soffa Industries Annual Data
Trend
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Quick Ratio
4.31
5.01
4.61
4.74
3.37
Kulicke & Soffa Industries Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Quick Ratio
3.45
3.33
3.37
3.68
4.04
Competitive Comparison
For the Semiconductor Equipment & Materials subindustry, Kulicke & Soffa Industries'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.
Kulicke & Soffa Industries Quick Ratio Distribution
For the Semiconductors industry and Technology sector, Kulicke & Soffa Industries's Quick Ratio distribution charts can be found below:
* 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. 2021 is calculated as
* 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
Thank you for viewing the detailed overview of Kulicke & Soffa Industries's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
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 operates through two core segments: Capital equipment, which produces and sells a series of ball bonders, wafer-level bonders, wedge bonders, APS which produces and offers various expendable tools designed for multiple semiconductor packaging applications. The Capital equipment segment contributes the majority of total revenue. The company generates the majority of its total revenue from the overseas market, mainly in the Asia-Pacific region.
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