Axcelis Technologies Inc (ACLS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,123,610 | 1,079,990 | 877,645 | 619,246 | 470,791 |
| Total current liabilities | US$ in thousands | 207,522 | 285,129 | 248,132 | 150,140 | 84,431 |
| Current ratio | 5.41 | 3.79 | 3.54 | 4.12 | 5.58 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,123,610K ÷ $207,522K
= 5.41
Based on the provided data, Axcelis Technologies Inc's current ratio has exhibited fluctuations over the years. The current ratio for the company was 5.58 as of December 31, 2020, indicating a strong ability to cover its short-term liabilities with current assets. However, the ratio decreased to 4.12 by December 31, 2021, suggesting a slight reduction in liquidity.
Further, by December 31, 2022, the current ratio decreased to 3.54, indicating a potential decrease in the company's short-term financial position. However, by December 31, 2023, the current ratio improved slightly to 3.79, implying a better ability to meet short-term obligations compared to the previous year.
Most recently, as of December 31, 2024, the current ratio increased to 5.41, surpassing the levels seen in 2022 and 2023. This increase indicates a stronger liquidity position for Axcelis Technologies Inc at the end of 2024 compared to the previous two years.
In summary, despite some fluctuations, Axcelis Technologies Inc has generally maintained a healthy current ratio over the past years, with the most recent data showing a notable improvement in liquidity.
Peer comparison
Dec 31, 2024