Axcelis Technologies Inc (ACLS)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,079,990 | 1,015,040 | 950,169 | 934,442 | 877,645 | 775,142 | 679,728 | 648,706 | 619,246 | 570,144 | 514,131 | 479,592 | 470,791 | 435,768 | 420,699 | 391,672 | 375,679 | 353,915 | 345,357 | 380,412 |
| Total current liabilities | US$ in thousands | 285,129 | 261,178 | 248,460 | 267,942 | 248,132 | 207,856 | 152,970 | 147,497 | 150,140 | 137,195 | 106,474 | 83,878 | 84,431 | 69,383 | 86,759 | 75,373 | 68,664 | 63,027 | 52,084 | 66,058 |
| Current ratio | 3.79 | 3.89 | 3.82 | 3.49 | 3.54 | 3.73 | 4.44 | 4.40 | 4.12 | 4.16 | 4.83 | 5.72 | 5.58 | 6.28 | 4.85 | 5.20 | 5.47 | 5.62 | 6.63 | 5.76 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,079,990K ÷ $285,129K
= 3.79
The current ratio of Axcelis Technologies Inc has been consistently strong over the past eight quarters, ranging from 3.49 to 4.44. This indicates that the company has a robust ability to meet its short-term obligations with its current assets. A current ratio above 2 is generally considered healthy, and Axcelis Technologies Inc has consistently exceeded this benchmark.
The company's current ratio peaked in Q2 2022 at 4.44, showing a significant liquidity buffer to cover its current liabilities. Although there was a slight decline in subsequent quarters, the current ratio remained well above industry averages.
Overall, the trend in Axcelis Technologies Inc's current ratio suggests a strong financial position with ample liquidity to meet its short-term obligations and fund its operations.
Peer comparison
Dec 31, 2023