Advanced Energy Industries Inc (AEIS)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,389,320 | 1,345,710 | 1,677,840 | 1,671,620 | 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 | 981,223 | 978,476 | 929,682 | 861,225 |
| Total current liabilities | US$ in thousands | 314,222 | 291,508 | 306,837 | 297,992 | 335,848 | 314,812 | 303,430 | 384,260 | 393,043 | 432,955 | 389,021 | 363,395 | 370,217 | 387,288 | 377,396 | 326,873 | 297,371 | 336,520 | 342,870 | 303,774 |
| Current ratio | 4.42 | 4.62 | 5.47 | 5.61 | 5.10 | 5.32 | 3.80 | 3.15 | 3.02 | 2.73 | 2.80 | 3.23 | 3.14 | 3.01 | 2.93 | 3.18 | 3.30 | 2.91 | 2.71 | 2.84 |
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 shown fluctuations over the past few years. Starting from March 31, 2020, with a ratio of 2.84, the company's liquidity position improved steadily, reaching a peak of 5.61 on March 31, 2024. This indicates that the company had more than enough current assets to cover its current liabilities during this period.
However, in the subsequent quarters, the current ratio began to decline, dropping to 4.42 by December 31, 2024. Although the ratio remained above 1, suggesting the company still had more current assets than current liabilities, the decreasing trend raises concerns about its short-term financial health and ability to meet its obligations.
Overall, the current ratio of Advanced Energy Industries Inc experienced both growth and decline, indicating fluctuations in the company's liquidity position over the analyzed period. It is essential for stakeholders to monitor this ratio closely to assess the company's ability to manage its short-term obligations effectively.
Peer comparison
Dec 31, 2024