Arlo Technologies (ARLO)
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 | 250,535 | 260,958 | 232,749 | 218,847 | 232,782 | 291,093 | 257,354 | 269,648 | 303,622 | 288,097 | 285,595 | 291,911 | 356,548 | 329,397 | 327,682 | 341,554 | 469,569 | 343,714 | 326,315 | 394,418 |
| Total current liabilities | US$ in thousands | 161,451 | 186,156 | 167,077 | 149,422 | 162,278 | 211,113 | 173,231 | 176,503 | 210,929 | 194,723 | 188,355 | 179,430 | 237,346 | 211,752 | 200,103 | 190,545 | 293,901 | 197,281 | 159,998 | 201,172 |
| Current ratio | 1.55 | 1.40 | 1.39 | 1.46 | 1.43 | 1.38 | 1.49 | 1.53 | 1.44 | 1.48 | 1.52 | 1.63 | 1.50 | 1.56 | 1.64 | 1.79 | 1.60 | 1.74 | 2.04 | 1.96 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $250,535K ÷ $161,451K
= 1.55
The current ratio for Arlo Technologies Inc has been relatively stable over the past eight quarters, ranging from a low of 1.38 in Q3 2022 to a high of 1.55 in Q4 2023. A current ratio above 1 indicates that the company has more current assets than current liabilities, which suggests the company is able to meet its short-term obligations.
The current ratio peaked in Q4 2023, indicating that the company had a strong ability to cover its short-term liabilities with its current assets at that time. However, the ratio decreased slightly in Q3 2023 and Q2 2023 before rebounding in Q4 2023.
Overall, the current ratio trend for Arlo Technologies Inc shows a generally healthy liquidity position, with the company maintaining a sufficient level of current assets to cover its current liabilities. Further analysis of the components of current assets and liabilities may provide additional insights into the company's liquidity management.
Peer comparison
Dec 31, 2023