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Credo Technology Group Holding Ltd  (CRDO)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology

Credo Technology Group Holding Ltd's Quick Ratio

CRDO's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Credo Technology Group Holding Ltd's Cash & cash equivalent grew by 70.11 % in the III Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Credo Technology Group Holding Ltd's Quick Ratio to 10.18 a new company high.

Within Semiconductors industry only one company has achieved higher Quick Ratio in third quarter 2023. While Quick Ratio total ranking has improved so far during the III Quarter 2023 to 110, from total ranking in the second quarter 2023 at 450.

Explain Quick Ratio?
How much Cash & cash equivalents CRDO´s has?
What are CRDO´s Current Liabilities?


CRDO Quick Ratio (Jan 27 2024)
III. Quarter
(Oct 28 2023)
II. Quarter
(Jul 29 2023)
I. Quarter
(Apr 29 2023)
IV. Quarter
(Jan 28 2023)
III. Quarter
Y / Y Current Liabilities Change -7.34 % -24.75 % -26.75 % 17.12 % 67.89 %
Y / Y Cash & cash equivalent Change 75.59 % -0.01 % -2.55 % -16.01 % -3.13 %
Quick Ratio MRQ 10.18 6.46 7.61 7.02 5.37
CRDO's Total Ranking # 110 # 450 # 465 # 521 # 256
Seq. Current Liabilities Change 7.95 % 19.31 % 0.57 % -28.47 % -12.33 %
Seq. Cash & cash equivalent Change 70.11 % 1.24 % 9.07 % -6.52 % -3.13 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Semiconductors Industry # 2
Technology Sector # 12
Overall Market # 110


Quick Ratio Statistics
High Average Low
10.18 7.37 4.86
(Jan 27 2024)   (Oct 29 2022)




Financial Statements
Credo Technology Group Holding Ltd's Current Liabilities $ 40 Millions Visit CRDO's Balance sheet
Credo Technology Group Holding Ltd's Cash & cash equivalent $ 409 Millions Visit CRDO's Balance sheet
Source of CRDO's Sales Visit CRDO's Sales by Geography


Cumulative Credo Technology Group Holding Ltd's Quick Ratio

CRDO's Quick Ratio for the trailling 12 Months

CRDO Quick Ratio

(Jan 27 2024)
III. Quarter
(Oct 28 2023)
II. Quarter
(Jul 29 2023)
I. Quarter
(Apr 29 2023)
IV. Quarter
(Jan 28 2023)
III. Quarter
Y / Y Current Liabilities TTM Growth -7.34 % -24.75 % -26.75 % 17.12 % 67.89 %
Y / Y Cash & cash equivalent TTM Growth 75.59 % -0.01 % -2.55 % -16.01 % -3.13 %
Quick Ratio TTM 7.91 6.5 5.99 5.62 6.03
Total Ranking TTM # 88 # 3241 # 308 # 3579 # 629
Seq. Current Liabilities TTM Growth 7.95 % 19.31 % 0.57 % -28.47 % -12.33 %
Seq. Cash & cash equivalent TTM Growth 70.11 % 1.24 % 9.07 % -6.52 % -3.13 %


On the trailing twelve months basis CRDO Cash & cash equivalent soared by 75.59 % in III Quarter 2023 year on year, while Current Liabilities rose to $40 millions, this led to increase in in Credo Technology Group Holding Ltd's Quick Ratio to 7.91, above CRDO average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Semiconductors industry just one company has achieved higher Quick Ratio during the twelve months ending in the Jan 27 2024. While Quick Ratio overall ranking has improved so far to 88, from total ranking during the twelve months ending second quarter 2023 at 3241.

Explain Quick Ratio?
How much Cash & cash equivalents CRDO´s has?
What are CRDO´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Semiconductors Industry # 2
Technology Sector # 7
Within the Market # 88


trailing twelve months Quick Ratio Statistics
High Average Low
7.91 6.19 4.55
(Jan 27 2024)   (Apr 30 2022)




Companies with similar Quick Ratio in the quarter ending Jan 27 2024, within Semiconductors Industry Quick RatioJan 27 2024 MRQ Cash & cash equivalentJan 27 2024 MRQ Current Liabilities
Nve Corp  23.49 $ 19.021  Millions$ 0.810  Millions
Credo Technology Group Holding Ltd  10.18 $ 409.134  Millions$ 40.197  Millions
Ideal Power Inc   9.10 $ 8.475  Millions$ 0.931  Millions
Power Integrations Inc   6.38 $ 311.569  Millions$ 48.867  Millions
Ipg Photonics Corp  5.48 $ 1,177.481  Millions$ 214.861  Millions
Atomera Incorporated  5.12 $ 19.531  Millions$ 3.814  Millions
Macom Technology Solutions Holdings Inc   4.50 $ 463.291  Millions$ 102.869  Millions
Enphase Energy Inc   4.09 $ 1,695.034  Millions$ 414.149  Millions
Kulicke And Soffa Industries Inc   3.91 $ 709.660  Millions$ 181.288  Millions
Pixelworks Inc  3.87 $ 47.544  Millions$ 12.297  Millions
Rambus Inc   3.71 $ 331.077  Millions$ 89.121  Millions
Nlight Inc   3.45 $ 112.882  Millions$ 32.752  Millions
Magnachip Semiconductor Corporation  3.37 $ 158.092  Millions$ 46.888  Millions
Navitas Semiconductor Corporation  3.03 $ 152.839  Millions$ 50.384  Millions
Photronics Inc   2.81 $ 521.514  Millions$ 185.289  Millions
Silicon Laboratories inc   2.72 $ 439.224  Millions$ 161.453  Millions
Cirrus Logic Inc   2.71 $ 483.931  Millions$ 178.594  Millions
Gsi Technology Inc  2.67 $ 21.575  Millions$ 8.074  Millions
Wolfspeed Inc   2.58 $ 1,731.300  Millions$ 671.200  Millions
Formfactor inc   2.51 $ 329.471  Millions$ 131.095  Millions
Nvidia Corp  2.44 $ 25,984.000  Millions$ 10,631.000  Millions
Viavi Solutions Inc   2.28 $ 571.800  Millions$ 251.300  Millions
Micropac Industries Inc   2.18 $ 10.299  Millions$ 4.723  Millions

Date modified: 2024-02-29T15:53:37+00:00



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