Advanced Energy Industries Inc (AEIS)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,711,890 | 1,188,510 | 1,162,230 | 980,249 | 866,738 |
| Total current liabilities | US$ in thousands | 335,848 | 393,043 | 370,196 | 296,397 | 320,332 |
| Current ratio | 5.10 | 3.02 | 3.14 | 3.31 | 2.71 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,711,890K ÷ $335,848K
= 5.10
The current ratio of Advanced Energy Industries Inc. has shown an increasing trend over the past five years. At the end of 2023, the company's current ratio reached 5.10, indicating that the company had $5.10 in current assets for every $1 in current liabilities.
This high current ratio suggests that Advanced Energy Industries Inc. is well-positioned to meet its short-term obligations comfortably. The significant increase in the current ratio from 2019 to 2023 reflects an improvement in the company's liquidity and ability to cover its short-term liabilities.
Overall, the upward trend in the current ratio of Advanced Energy Industries Inc. indicates a strengthening financial position, providing a favorable signal to creditors, investors, and other stakeholders regarding the company's short-term liquidity and financial health.
Peer comparison
Dec 31, 2023