Arrow Electronics Inc (ARW)
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 | 18,327,500 | 17,306,000 | 17,131,200 | 16,866,800 | 18,340,300 | 17,131,100 | 16,424,400 | 15,941,500 | 15,893,300 | 13,725,700 | 13,082,600 | 12,367,100 | 13,152,900 | 11,659,900 | 11,794,000 | 11,588,100 | 12,526,200 | 11,839,600 | 12,110,400 | 12,253,900 |
| Total current liabilities | US$ in thousands | 13,187,900 | 11,936,000 | 10,669,300 | 10,390,100 | 12,389,600 | 11,418,100 | 11,033,100 | 10,671,600 | 11,326,100 | 9,501,880 | 9,072,700 | 8,393,010 | 9,130,880 | 7,914,710 | 8,132,430 | 7,913,180 | 8,258,160 | 7,371,640 | 7,377,960 | 7,034,120 |
| Current ratio | 1.39 | 1.45 | 1.61 | 1.62 | 1.48 | 1.50 | 1.49 | 1.49 | 1.40 | 1.44 | 1.44 | 1.47 | 1.44 | 1.47 | 1.45 | 1.46 | 1.52 | 1.61 | 1.64 | 1.74 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $18,327,500K ÷ $13,187,900K
= 1.39
The current ratio of Arrow Electronics Inc. has fluctuated over the past eight quarters. It stood at 1.39 in Q4 2023, reflecting a decrease from the previous quarter's ratio of 1.45. Despite this decrease, the company's current ratio remains above 1, indicating that Arrow Electronics Inc. has more than enough current assets to cover its current liabilities.
Looking back over the past year, the current ratio has shown variability, with the highest value of 1.62 in Q1 2023 and the lowest value of 1.48 in Q4 2022. This fluctuation suggests potential changes in the company's liquidity position and ability to meet its short-term obligations.
Overall, while the current ratio of Arrow Electronics Inc. has not shown a consistent trend over the past eight quarters, it generally indicates a healthy liquidity position, with the company able to meet its short-term liabilities with its current assets.
Peer comparison
Dec 31, 2023