The company maintains a robust financial position with zero total debt and a current ratio of 2.85 as of 2026Q1, providing a sufficient buffer against supply chain disruptions.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 |
|---|
| Total Current Assets | 1B | 943.37M | 796.8M | 793.25M | 787.92M | 818.11M | 618.1M | 565.2M | 496.4M | 568.8M | 476.89M | 315.18M | 290.44M | 246.54M | 258.41M | 184.54M | 117.85M | 101.58M | 118.03M | 165.04M | 151.86M | 119.62M | 65.21M | 36.02M | 10.31M |
| Cash & Short-Term Investments | 135.68M | 201.84M | 276.07M | 314.3M | 232.18M | 360.08M | 342.96M | 325.18M | 288.6M | 366.39M | 277.79M | 185.2M | 194.91M | 162.46M | 169.62M | 94.29M | 55.66M | 61.65M | 51.73M | 103.59M | 100.24M | 83.53M | 28.02M | 22.49M | 10.31M |
| Cash Only | 135.68M | 201.84M | 276.07M | 314.3M | 232.18M | 360.08M | 342.96M | 323.17M | 284.99M | 359.45M | 274.48M | 180.52M | 194.21M | 161.72M | 154.73M | 91.23M | 54.24M | 60.99M | 48.31M | 49.59M | 55.48M | 48.23M | 23.11M | 22.49M | 10.31M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.01M | 3.61M | 6.94M | 3.3M | 4.68M | 703K | 742K | 14.88M | 3.06M | 1.42M | 661.09K | 3.42M | 54M | 44.76M | 35.3M | 4.91M | 0 | 0 |
| Accounts Receivable | 220.44M | 211.55M | 233.74M | 194.7M | 206.1M | 208.57M | 115.83M | 108.73M | 91.76M | 79.14M | 73.6M | 58.98M | 28.85M | 31.21M | 36.78M | 38.79M | 27.81M | 15.95M | 30.62M | 35.4M | 25.77M | 22.2M | 15.42M | 5.08M | 0 |
| Days Sales Outstanding | 73.47 | 87.19 | 106.17 | 111.19 | 79.53 | 82.56 | 78.36 | 86.8 | 63.15 | 55.19 | 48.3 | 59.58 | 36.4 | 50.57 | 47.72 | 63.16 | 70.34 | 64.15 | 66.4 | 71.66 | 88.57 | 98.95 | 81.7 | 68.82 | - |
| Inventory | 515.25M | 421.8M | 201.15M | 216.95M | 287.96M | 163.1M | 110.16M | 88.44M | 81.52M | 94.19M | 71.87M | 47.11M | 44.08M | 33.67M | 32.14M | 31.16M | 24.16M | 17.51M | 23.34M | 16.88M | 13.11M | 8.49M | 16.18M | 4.59M | 0 |
| Days Inventory Outstanding | 245.67 | 336.06 | 169.7 | 214.74 | 218.93 | 129.05 | 143.93 | 137.32 | 110.39 | 126.29 | 93.18 | 97.28 | 115.22 | 103.52 | 78.4 | 98.09 | 115 | 127.98 | 100.36 | 72.47 | 96.71 | 75.72 | 145.82 | 133.95 | - |
| Other Current Assets | 130.18M | 71.3M | 54.65M | 49.66M | 49.49M | 48.51M | 35.22M | 34.49M | 29.73M | 19.52M | 47.76M | 19.33M | 19.32M | 16.58M | 17.65M | 16.27M | 3.06M | 5.26M | 3.95M | 5.24M | 5.16M | 3.32M | 4.52M | 3.26M | 0 |
| Total Non-Current Assets | 305.45M | 277.64M | 236.08M | 214.72M | 173.33M | 153.22M | 123.97M | 132.53M | 176.33M | 125.01M | 129.13M | 130.45M | 75.46M | 70.22M | 64.38M | 73.01M | 75.81M | 109.81M | 116.26M | 116.19M | 17.78M | 5.02M | 3.67M | 4.1M | 0 |
| Property, Plant & Equipment | 224.55M | 217.25M | 188.4M | 181.53M | 139.43M | 124.48M | 112.2M | 97.78M | 101.41M | 51.37M | 47.89M | 50.47M | 35.54M | 30.2M | 23.39M | 25.41M | 25.67M | 25.03M | 28.01M | 16.01M | 9.8M | 2.55M | 2.09M | 1.55M | 0 |
| Fixed Asset Turnover | 4.93x | 4.08x | 4.27x | 3.52x | 6.78x | 7.41x | 4.81x | 4.68x | 5.23x | 10.19x | 11.61x | 7.16x | 8.14x | 7.46x | 12.03x | 8.82x | 5.62x | 3.62x | 6.01x | 11.26x | 10.84x | 32.08x | 33.00x | 17.39x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | -12.84M | 0 | 17.49M | 58.33M | 58.96M | 68.66M | 68.66M | 35.47M | 35.47M | 35.47M | 39.83M | 40.38M | 36.53M | 66.57M | 67.46M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 7.17M | 0 | 3.83M | 6.48M | 0 | 3.63M | 1.02M | 7.43M | 5.23M | 7.33M | 3.99M | 3.78M | 2.75M | -50.17K | 797.69K | 2.89M | 13.84M | 20.41M | 0 | 0 | 217K | 5.08M | 0 |
| Long-Term Investments | 133.82M | 29.68M | 17.33M | 17.11M | 9.27M | 8.54M | 5M | 3M | 3M | -3.4M | 120K | 133K | 133K | 133K | 178K | 183.29K | 186.57K | 490.95K | 1.53M | 0 | 0 | 0 | 0 | 211.89K | 0 |
| Other Non-Current Assets | 29.08M | 30.71M | 23.18M | 16.07M | 11.91M | 20.2M | 2.15M | 10.32M | 4.05M | 7.17M | 3.25M | 3.25M | 2.42M | 3.71M | 4.54M | 3.86M | 3.15M | 1.83M | 119.42K | 6.65M | 6.53M | 2.47M | 1.37M | 1.22M | 0 |
| Total Assets | 1.31B | 1.22B | 1.03B | 1.01B | 961.25M | 971.33M | 742.06M | 697.73M | 672.72M | 693.81M | 606.01M | 445.63M | 365.9M | 316.76M | 322.79M | 257.56M | 193.66M | 211.39M | 234.3M | 281.23M | 169.64M | 124.64M | 68.88M | 40.12M | 24.87M |
| Asset Turnover | 0.90x | 0.73x | 0.78x | 0.63x | 0.98x | 0.95x | 0.73x | 0.66x | 0.79x | 0.75x | 0.92x | 0.81x | 0.79x | 0.71x | 0.87x | 0.87x | 0.75x | 0.43x | 0.72x | 0.64x | 0.63x | 0.66x | 1.00x | 0.67x | 0.53x |
| Asset Growth % | 58.82% | 18.21% | 2.47% | 4.86% | -1.04% | 30.9% | 6.35% | 3.72% | -3.04% | 14.49% | 35.99% | 21.79% | 15.51% | -1.87% | 25.33% | 33% | -8.39% | -9.77% | -16.69% | 65.78% | 36.11% | 80.95% | 71.69% | 61.35% | - |
| Total Current Liabilities | 351.2M | 337.81M | 199.57M | 212.81M | 183.87M | 281.56M | 158.74M | 125.76M | 111.56M | 177.24M | 145.97M | 78.03M | 54.9M | 40.68M | 56.4M | 43.91M | 27.95M | 24.53M | 32.02M | 44.94M | 29.41M | 19.25M | 22.64M | 7.26M | 0 |
| Accounts Payable | 94.5M | 34.74M | 17.77M | 55.59M | 36.02M | 80.77M | 44.53M | 30.69M | 27.66M | 56.42M | 31.74M | 22.54M | 14.25M | 14.66M | 26.64M | 21M | 11.32M | 10.15M | 11.54M | 13.7M | 16.07M | 9.72M | 17.25M | 4.15M | 0 |
| Days Payables Outstanding | 40.04 | 27.68 | 14.99 | 55.02 | 27.39 | 63.91 | 58.19 | 47.65 | 37.45 | 75.66 | 41.15 | 46.54 | 37.24 | 45.08 | 64.98 | 66.1 | 53.9 | 74.15 | 49.6 | 58.83 | 118.62 | 86.71 | 155.41 | 121.05 | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25M | 25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40.08K | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 5.03M | 0 | 6.91M | 6.36M | 4.62M | 77.69M | 5.07M | 3.4M | 3.98M | 610K | 1.91M | 1.28M | 2.37M | 32.63M | 48.89M | 19.7M | 55.28M | 83.53M | 103.6M | 48.86M | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 22.43M | 115.59M | 82.75M | 63.26M | 116.59M | 53.88M | 54.28M | 49.11M | 54.54M | 48.7M | 36.13M | 22.56M | 11.85M | 3.18M | 4.45M | -48.89M | 0 | 5.76M | 16.9M | 4.33M | 3.19M | 2.6M | 0 | 0 |
| Current Ratio | 2.85x | 2.79x | 3.99x | 3.73x | 4.29x | 2.91x | 3.89x | 4.49x | 4.45x | 3.21x | 3.27x | 4.04x | 5.29x | 6.06x | 4.58x | 4.20x | 4.22x | 4.14x | 3.69x | 3.67x | 5.16x | 6.21x | 2.88x | 4.96x | - |
| Quick Ratio | 1.38x | 1.54x | 2.98x | 2.71x | 2.72x | 2.33x | 3.20x | 3.79x | 3.72x | 2.68x | 2.77x | 3.44x | 4.49x | 5.23x | 4.01x | 3.49x | 3.35x | 3.43x | 2.96x | 3.30x | 4.72x | 5.77x | 2.17x | 4.33x | - |
| Cash Conversion Cycle | 279.1 | 395.57 | 260.88 | 270.91 | 271.07 | 147.71 | 164.1 | 176.47 | 136.09 | 105.82 | 100.33 | 110.32 | 114.38 | 109.01 | 61.14 | 95.15 | 131.44 | 117.98 | 117.17 | 85.29 | 66.66 | 87.95 | 72.11 | 81.72 | - |
| Total Non-Current Liabilities | 49.68M | 52.46M | 59.55M | 60.45M | 44.78M | 32.19M | 25.57M | 35.18M | 26.69M | 22.44M | 17.32M | 7.38M | 6.9M | 5.39M | 4.12M | 3.19M | 2.39M | 3.77M | 3.16M | 2.42M | 63K | 213K | 213K | 216.22K | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 388K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 49.68M | 52.46M | 59.55M | 60.45M | 44.78M | 32.18M | 25.57M | 29.46M | 26.69M | 22.44M | 17.28M | 12.84M | 5.98M | 5.4M | 4.12M | 3.19M | 2.39M | 3.77M | 3.16M | 2.42M | 63K | 213K | 213K | 216.22K | 0 |
| Total Liabilities | 400.89M | 390.27M | 259.12M | 273.26M | 228.65M | 313.75M | 184.32M | 160.94M | 138.24M | 199.68M | 163.29M | 85.41M | 61.8M | 46.07M | 60.52M | 47.1M | 30.34M | 28.31M | 35.18M | 47.37M | 29.48M | 19.46M | 22.85M | 7.47M | 3.89M |
| Total Debt | 0 | 0 | 2.53M | 2.34M | 3.2M | 2.9M | 3.06M | 3.05M | 0 | 25M | 25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.75M | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -135.68M | -201.84M | -273.54M | -311.96M | -228.97M | -357.18M | -339.9M | -320.12M | -284.99M | -334.45M | -249.48M | -180.52M | -194.21M | -161.72M | -154.73M | -91.23M | -54.24M | -60.99M | -48.31M | -35.85M | -55.48M | -48.23M | -23.11M | -22.49M | -10.31M |
| Debt / Equity | 0.00x | - | 0.00x | 0.00x | 0.00x | 0.00x | 0.01x | 0.01x | - | 0.05x | 0.06x | - | - | - | - | - | - | - | - | 0.06x | - | - | - | - | - |
| Debt / EBITDA | 0.00x | - | 0.02x | 0.04x | 0.01x | 0.01x | 0.02x | 0.04x | - | 0.21x | 0.17x | - | - | - | - | - | - | - | - | 0.28x | - | - | - | - | - |
| Net Debt / EBITDA | -0.81x | -1.64x | -2.35x | -5.06x | -0.98x | -1.36x | -2.64x | -3.78x | -2.30x | -2.86x | -1.70x | -2.10x | -2.94x | -3.88x | -2.64x | -2.18x | -6.13x | - | -2.09x | -0.72x | -1.95x | -2.24x | -1.73x | -11.59x | - |
| Interest Coverage | - | - | - | - | 2995.06x | - | - | 24070.85x | 293.04x | 235.04x | 1092.57x | 1671.21x | 518.16x | 338.71x | 891.72x | 628.46x | -52.79x | -659.48x | 79.94x | 1324.92x | - | - | - | - | - |
| Total Equity | 906.12M | 830.74M | 773.75M | 734.7M | 732.6M | 657.58M | 557.74M | 536.78M | 534.48M | 494.13M | 442.72M | 360.22M | 304.1M | 270.7M | 262.27M | 210.46M | 163.32M | 183.09M | 199.12M | 233.86M | 140.17M | 105.18M | 46.03M | 32.65M | 20.98M |
| Equity Growth % | 28.25% | 7.36% | 5.32% | 0.29% | 11.41% | 17.9% | 3.9% | 0.43% | 8.17% | 11.61% | 22.9% | 18.46% | 12.34% | 3.21% | 24.62% | 28.86% | -10.8% | -8.05% | -14.86% | 66.84% | 33.27% | 128.48% | 41% | 55.64% | - |
| Book Value per Share | 106.87 | 98.92 | 22.95 | 21.95 | 21.94 | 18.79 | 15.95 | 15.21 | 14.79 | 13.76 | 12.47 | 10.32 | 8.89 | 8.05 | 7.80 | 6.51 | 5.62 | 6.62 | 6.19 | 7.02 | 4.47 | 3.63 | 1.77 | 1.35 | 0.87 |
| Total Shareholders' Equity | 906.12M | 830.74M | 773.75M | 734.7M | 732.6M | 657.58M | 557.74M | 536.78M | 534.48M | 494.13M | 442.72M | 360.22M | 304.1M | 270.7M | 262.27M | 210.46M | 163.32M | 183.09M | 199.12M | 233.86M | 140.17M | 105.18M | 46.03M | 32.65M | 20.98M |
| Common Stock | 0 | 830.74M | 1.35M | 1.34M | 1.32M | 1.4M | 1.38M | 1.39M | 1.45M | 1.43M | 1.41M | 1.4M | 1.36M | 1.32M | 1.3M | 1.35M | 1.28M | 1.11M | 1.29M | 1.29M | 1.2M | 1.18M | 33.51M | 26.5M | 0 |
| Retained Earnings | 0 | 0 | 432.62M | 411.16M | 425.12M | 412.13M | 281.58M | 270.97M | 301.86M | 247.49M | 215.72M | 133.23M | 109.46M | 85.27M | 83.45M | 36.18M | -5.37M | -14.26M | 77.78M | 69.74M | 29.49M | 419K | -20.96M | -15.13M | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | -50.01M | 0 | 0 | -34.76M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -51.43M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 338K | 1.15M | 2.6M | -540K | -349K | -785K | 495K | 2.64M | -1.03M | 633K | 2.5M | 4.09M | 3.67M | -332.53K | 2.39M | -3.33M | -5.06M | 2.23M | 1.4M | 1.5M | 2K | 97.72K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cyclical inventory and geopolitical exposure
Based on reported financial statements, Silicon Motion's total assets grew to $1.3 billion in 2026Q1 from $1.0 billion in 2024Q4, reflecting a strategic expansion of the balance sheet that appears to correlate with the recent recovery in semiconductor demand and increased inventory requirements.
The growth in total assets suggests a deliberate scaling of operations to meet rebounding market demand for storage controllers. Investors should monitor whether this asset accumulation translates into sustained revenue growth or if it merely reflects a temporary build-up of working capital that could pressure future returns on invested capital.
According to recent quarterly filings, the company maintains a current ratio of 2.85 as of 2026Q1, which, while down from the 4.65 peak in 2024Q3, continues to provide a substantial liquidity buffer against potential shocks in the volatile semiconductor supply chain.
The decline in the current ratio appears driven by a reduction in cash reserves relative to rising liabilities, likely tied to operational scaling. While the current position remains healthy, the trend warrants investigation to ensure that liquidity is not being overly constrained by aggressive inventory management or dividend commitments.
As reported in balance sheet data, net property, plant, and equipment (PPE) has steadily increased to $224.6 million in 2026Q1, indicating that the company is prioritizing investment in its technical infrastructure to support the development of next-generation NAND controller architectures.
This rising investment in PPE underscores the company's commitment to maintaining its competitive moat through proprietary firmware and hardware design. However, this capital-intensive approach requires consistent revenue generation to justify the depreciation burden and ensure that the firm remains at the forefront of storage technology.
Based on the provided figures, total equity has expanded to $906.1 million in 2026Q1, a notable increase from $773.8 million in 2024Q4, which suggests that the company is successfully retaining earnings to bolster its financial foundation despite ongoing competitive pressures.
The growth in equity reflects a strengthening of the company's net worth, providing a more resilient cushion for shareholders. Analysts should continue to evaluate the impact of stock-based compensation on this equity base, as persistent dilution could potentially offset the benefits of organic earnings retention.
Quick answers to the most common questions about buying SIMO stock.
As of 2025, Silicon Motion Technology Corporation (SIMO) had total assets of $1.22B including $943.4M in current assets.
Silicon Motion Technology Corporation (SIMO) carries total debt of $0.0M, offset by $201.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Silicon Motion Technology Corporation (SIMO) has total shareholders' equity (book value) of $830.7M ($98.92 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Silicon Motion Technology Corporation (SIMO) reported a current ratio of 2.79x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.