Applied Materials Inc (AMAT)

Current ratio

		Jan 31, 2025	Oct 31, 2024	Oct 27, 2024	Jul 31, 2024	Jul 28, 2024	Apr 30, 2024	Apr 28, 2024	Jan 31, 2024	Jan 28, 2024	Oct 31, 2023	Oct 29, 2023	Jul 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 31, 2023	Jan 29, 2023	Oct 31, 2022	Oct 30, 2022	Jul 31, 2022	May 1, 2022
Total current assets	US$ in thousands	20,694,000	21,220,000	21,220,000	20,671,000	20,671,000	19,265,000	19,265,000	19,182,000	19,182,000	19,147,000	19,147,000	18,879,000	18,879,000	17,773,000	16,715,000	16,715,000	15,925,000	15,925,000	15,434,000	15,244,000
Total current liabilities	US$ in thousands	7,736,000	8,468,000	8,468,000	7,228,000	7,228,000	6,884,000	6,884,000	7,076,000	7,076,000	7,372,000	7,372,000	8,224,000	8,224,000	7,871,000	7,250,000	7,250,000	7,379,000	7,379,000	6,833,000	6,650,000
Current ratio		2.68	2.51	2.51	2.86	2.86	2.80	2.80	2.71	2.71	2.60	2.60	2.30	2.30	2.26	2.31	2.31	2.16	2.16	2.26	2.29

January 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $20,694,000K ÷ $7,736,000K
= 2.68

The current ratio of Applied Materials Inc has shown a fluctuating trend over the period provided. Starting at 2.29 on May 1, 2022, it has generally remained above 2, indicating a healthy liquidity position. The ratio dipped slightly to 2.16 in October 2022 but recovered to 2.31 by January 2023. Throughout the following periods, the company maintained its current ratio above 2, with occasional increases and decreases. Notably, the ratio peaked at 2.86 in July 2024 before declining to 2.51 by October 2024. The most recent figure as of January 31, 2025, stands at 2.68, suggesting that Applied Materials Inc has adequate current assets to cover its short-term liabilities, albeit subject to fluctuations.