Advanced Energy Industries Inc (AEIS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,389,320 | 1,711,890 | 1,188,510 | 1,162,230 | 981,223 |
| Total current liabilities | US$ in thousands | 314,222 | 335,848 | 393,043 | 370,217 | 297,371 |
| Current ratio | 4.42 | 5.10 | 3.02 | 3.14 | 3.30 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,389,320K ÷ $314,222K
= 4.42
The current ratio of Advanced Energy Industries Inc has exhibited a general trend of stability and strength over the past five years. For the fiscal year ending December 31, 2020, the current ratio stood at 3.30, indicating that the company had $3.30 in current assets for every $1 of current liabilities.
Subsequently, the ratio decreased slightly to 3.14 by December 31, 2021, and further declined to 3.02 by December 31, 2022. However, it rebounded significantly in the following years, reaching 5.10 by December 31, 2023, and then decreasing slightly to 4.42 by December 31, 2024.
Overall, the company's current ratio has remained well above the industry average of 2, indicating a strong liquidity position and the ability to cover its short-term obligations comfortably. The significant increase in the current ratio in 2023 suggests improved liquidity management or an increase in current assets relative to current liabilities, which is a positive signal for the company's financial health.
Peer comparison
Dec 31, 2024