Advanced Energy Industries Inc (AEIS)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,711,890 | 1,673,470 | 1,153,200 | 1,210,310 | 1,188,510 | 1,181,780 | 1,087,520 | 1,174,480 | 1,162,230 | 1,164,360 | 1,103,990 | 1,040,080 | 980,249 | 978,476 | 929,682 | 861,225 | 866,738 | 879,964 | 563,022 | 573,266 |
| Total current liabilities | US$ in thousands | 335,848 | 314,812 | 303,430 | 384,260 | 393,043 | 432,955 | 389,021 | 363,395 | 370,196 | 387,288 | 377,396 | 326,873 | 296,397 | 336,520 | 342,870 | 303,774 | 320,332 | 355,897 | 96,497 | 112,050 |
| Current ratio | 5.10 | 5.32 | 3.80 | 3.15 | 3.02 | 2.73 | 2.80 | 3.23 | 3.14 | 3.01 | 2.93 | 3.18 | 3.31 | 2.91 | 2.71 | 2.84 | 2.71 | 2.47 | 5.83 | 5.12 |
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 been relatively stable over the past eight quarters, ranging from 2.73 to 5.32. The trend indicates that the company has maintained a healthy liquidity position, with more than sufficient current assets to cover its short-term liabilities.
The ratio peaked in Q3 2023 at 5.32, suggesting a significant increase in the company's ability to meet its short-term obligations. This peak was followed by a slight decline in Q4 2023 to 5.10, but the ratio remains at a very comfortable level.
Overall, the current ratio trend demonstrates that Advanced Energy Industries Inc. has a strong financial position in terms of liquidity and is well-equipped to meet its short-term financial obligations. Investors and stakeholders can have confidence in the company's ability to manage its current assets and liabilities effectively.
Peer comparison
Dec 31, 2023