ADEIA CORP (ADEA)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 205,842 | 258,713 | 519,474 | 546,304 |
| Total current liabilities | US$ in thousands | 102,038 | 166,712 | 189,747 | 224,671 |
| Current ratio | 2.02 | 1.55 | 2.74 | 2.43 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $205,842K ÷ $102,038K
= 2.02
The current ratio of ADEIA CORP has exhibited fluctuations over the past four years. In 2023, the current ratio stands at 2.02, indicating that the company's current assets are approximately double its current liabilities. This reflects a strong liquidity position, enabling ADEIA CORP to meet its short-term obligations comfortably. Comparing this to the previous year, where the ratio was 1.55, shows an improvement in the company's ability to cover its short-term liabilities. However, this ratio is lower than the 2.74 reported in 2021 and the 2.43 in 2020, suggesting a slight decline in liquidity compared to those years. Despite the decrease, the current ratio of 2.02 still indicates a healthy liquidity position for ADEIA CORP as of the end of 2023.
Peer comparison
Dec 31, 2023