Amphenol Corporation (APH)
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 | 6,835,300 | 6,773,300 | 6,321,300 | 6,394,000 | 6,479,100 | 6,326,900 | 6,311,000 | 6,108,700 | 5,958,200 | 6,919,800 | 6,491,200 | 6,186,700 | 5,490,800 | 5,037,000 | 4,618,000 | 5,517,500 | 4,211,200 | 4,232,200 | 4,222,100 | 4,127,500 |
| Total current liabilities | US$ in thousands | 3,152,700 | 2,908,800 | 2,709,700 | 2,426,200 | 2,676,100 | 2,654,900 | 2,580,700 | 2,397,200 | 2,447,100 | 2,885,000 | 2,996,500 | 2,547,900 | 2,304,300 | 2,215,000 | 1,785,200 | 2,170,200 | 2,132,700 | 2,122,600 | 2,052,900 | 1,649,200 |
| Current ratio | 2.17 | 2.33 | 2.33 | 2.64 | 2.42 | 2.38 | 2.45 | 2.55 | 2.43 | 2.40 | 2.17 | 2.43 | 2.38 | 2.27 | 2.59 | 2.54 | 1.97 | 1.99 | 2.06 | 2.50 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,835,300K ÷ $3,152,700K
= 2.17
The current ratio of Amphenol Corp. has remained relatively stable over the past eight quarters, ranging from 2.17 to 2.64. The ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 suggests that Amphenol Corp. has more than enough current assets to cover its current liabilities, providing a margin of safety.
The decreasing trend from Q1 2023 to Q4 2023 may indicate a slight weakening in the company's liquidity position, but the current ratio still remains above 2, reflecting a healthy liquidity position overall. This signifies that Amphenol Corp. is well-positioned to cover its short-term debts and obligations. It is important to monitor this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial health.