Analog Devices Inc (ADI)

Current ratio

		Nov 2, 2024	Aug 3, 2024	May 4, 2024	Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020
Total current assets	US$ in thousands	5,484,650	5,442,940	5,193,620	4,415,880	4,384,020	4,835,180	4,744,920	5,161,500	4,937,990	4,689,710	4,634,190	4,636,700	5,378,320	3,090,460	2,902,800	2,624,740	2,517,690	2,485,240	2,051,290	1,911,180
Total current liabilities	US$ in thousands	2,988,280	3,226,630	3,297,320	2,923,370	3,200,970	2,831,020	2,646,410	2,433,680	2,442,660	2,441,200	2,326,210	2,221,910	2,770,310	2,793,340	2,776,830	1,676,760	1,364,990	1,687,780	1,582,000	1,770,540
Current ratio		1.84	1.69	1.58	1.51	1.37	1.71	1.79	2.12	2.02	1.92	1.99	2.09	1.94	1.11	1.05	1.57	1.84	1.47	1.30	1.08

November 2, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $5,484,650K ÷ $2,988,280K
= 1.84

Analog Devices Inc's current ratio has fluctuated over the period under review, ranging from a low of 1.05 to a high of 2.12. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive sign of financial health.

The current ratio peaked at 2.12 in January 2023, indicating a strong ability to cover short-term obligations with current assets. On the other hand, the lowest current ratio of 1.05 in July 2021 raises some concerns about the company's liquidity position at that time.

Overall, the current ratios for Analog Devices Inc have generally been above 1, indicating a relatively healthy liquidity position. However, it is important to monitor any downward trends or significant deviations from the industry average to ensure the company can meet its short-term obligations.