Axcelis Technologies Inc (ACLS)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,123,610 | 1,122,090 | 1,078,330 | 1,105,450 | 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 |
| Total current liabilities | US$ in thousands | 207,522 | 252,264 | 244,179 | 276,568 | 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 |
| Current ratio | 5.41 | 4.45 | 4.42 | 4.00 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,123,610K ÷ $207,522K
= 5.41
The current ratio of Axcelis Technologies Inc has shown some fluctuation over the period from March 31, 2020, to December 31, 2024. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio is generally considered favorable as it indicates the company has more current assets than current liabilities.
From March 31, 2020, to September 30, 2021, the current ratio of Axcelis Technologies Inc was consistently above 4, peaking at 6.28 on September 30, 2020. This indicates a strong liquidity position during this period. However, from December 31, 2021, to December 31, 2024, the current ratio declined, hovering between 3.49 and 5.41. This decline suggests a potential decrease in the company's ability to cover its short-term liabilities with its current assets.
Overall, the current ratio of Axcelis Technologies Inc has shown variability but has generally remained above 3, indicating the company's ability to meet its short-term obligations. However, the declining trend from 2021 to 2024 warrants further monitoring to ensure the company maintains a healthy liquidity position in the future.
Peer comparison
Dec 31, 2024