Alpha and Omega Semiconductor Ltd (AOSL)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 398,001 | 423,936 | 549,592 | 407,322 | 318,333 |
| Total current liabilities | US$ in thousands | 154,233 | 172,561 | 267,722 | 233,230 | 192,058 |
| Current ratio | 2.58 | 2.46 | 2.05 | 1.75 | 1.66 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $398,001K ÷ $154,233K
= 2.58
The current ratio of Alpha and Omega Semiconductor Ltd has shown an improving trend over the past five years, increasing from 1.66 in 2020 to 2.58 in 2024. This indicates the company's ability to meet its short-term obligations with its current assets has strengthened over time. A current ratio above 1 implies that the company has more current assets than current liabilities, suggesting a healthy liquidity position.
The current ratio surpassed 2 in 2023 and further improved in 2024, indicating that the company is in a better position to cover its short-term liabilities with current assets. This trend suggests that Alpha and Omega Semiconductor Ltd has been effectively managing its working capital and maintaining a strong financial position. Overall, the increasing current ratio trend is a positive sign of the company's liquidity and ability to meet its short-term obligations.
Peer comparison
Jun 30, 2024