Microchip Technology (MCHP) Quick Ratio

Price: $46.89
Market Cap: $25.22B
Avg Volume: 12.48M
Country: US
Industry: Semiconductors
Sector: Technology
Beta: 1.505
52W Range: $34.13-100.57
Website: Microchip Technology

Microchip Technology Quick Ratio

  • Annual: 0.67
  • Quarterly: 1.23
  • TTM: 1.23

What is the Quick Ratio?

The quick ratio, also known as the acid-test ratio, is a liquidity ratio that measures a company's ability to meet its short-term obligations with its most liquid assets. It excludes inventory from current assets, providing a more stringent measure than the current ratio.

Related Metrics

Other important metrics to assess Microchip Technology's financial health include:

  • Current Ratio - measures the company's ability to pay short-term obligations with its short-term assets:
    • Annual: 1.20
    • Quarterly: 2.25
    • TTM: 2.25
  • Cash Ratio - measures the company's ability to pay off short-term liabilities with cash and cash equivalents:
    • Annual: 0.13
    • Quarterly: 0.44
    • TTM: 0.44

These metrics provide insights into Microchip Technology's financial health and its ability to meet short-term obligations. Comparing these ratios with industry benchmarks can offer a deeper understanding of the company's performance.

Annual Quick Ratio

0.67

Quarterly Quick Ratio

1.23

TTM Quick Ratio

1.23

Microchip Technology Historical Quick Ratio
8.008.006.006.004.004.002.002.000.000.00Quick Ratio201620162017201720182018201920192020202020212021202220222023202320242024
Historical Current Ratio
10.0010.008.008.006.006.004.004.002.002.000.000.00Current Ratio201620162017201720182018201920192020202020212021202220222023202320242024
Historical Cash Ratio
6.006.005.005.004.004.003.003.002.002.001.001.000.000.00Cash Ratio201620162017201720182018201920192020202020212021202220222023202320242024

Microchip Technology Historical Ratios

The table below shows various financial metrics for each year, with the latest data available for the last fiscal year 2024.

Year Quick Ratio Current Ratio Cash Ratio
2024 0.67 1.20 0.13
2023 0.56 0.98 0.08
2022 1.14 1.75 0.23
2021 0.61 0.89 0.12
2020 0.94 1.35 0.24
2019 0.63 0.93 0.18
2018 1.43 1.66 0.45
2017 2.68 3.27 1.29
2016 7.30 8.11 5.48
2015 6.74 7.53 1.72

Related Metrics

Explore detailed financial metrics and analysis for MCHP.

Financial Analysis
Financial Statements Stock Forecast Price Target Technical Analysis Stock Splits Employee Count
Company Intelligence
Ownership Insider Trading SEC Filings Congress Trading News Earnings Call Transcripts
Income & Revenue
Earnings Revenue Revenue Growth Profit Net Income Profit Margin EBITDA Free Cash Flow Revenue Segments
Valuation
Valuation Market Cap Enterprise Value P/E Ratio PEG Ratio P/S Ratio P/B Ratio Book Value
Returns & Ratios
ROIC ROE ROA Current Ratio Quick Ratio Debt/Equity Ratio Earnings Per Share
Balance Sheet
Assets Debt Cash On Hand Shares Outstanding
Dividends
Dividends Dividend Yield Payout Ratio