Broadcom Inc (AVGO)
Current ratio
| Feb 4, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 27,192,000 | 20,847,000 | 18,333,000 | 17,871,000 | 18,836,000 | 18,504,000 | 15,561,000 | 14,810,000 | 15,341,000 | 16,586,000 | 15,636,000 | 14,245,000 | 14,300,000 | 11,895,000 | 13,681,000 | 14,222,000 | 12,109,000 | 9,917,000 | 10,898,000 | 10,677,000 |
| Total current liabilities | US$ in thousands | 20,369,000 | 7,405,000 | 7,345,000 | 7,511,000 | 7,483,000 | 7,052,000 | 6,702,000 | 6,910,000 | 6,287,000 | 6,281,000 | 6,501,000 | 6,436,000 | 6,694,000 | 6,371,000 | 6,702,000 | 6,601,000 | 7,739,000 | 6,899,000 | 8,282,000 | 8,503,000 |
| Current ratio | 1.33 | 2.82 | 2.50 | 2.38 | 2.52 | 2.62 | 2.32 | 2.14 | 2.44 | 2.64 | 2.41 | 2.21 | 2.14 | 1.87 | 2.04 | 2.15 | 1.56 | 1.44 | 1.32 | 1.26 |
February 4, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $27,192,000K ÷ $20,369,000K
= 1.33
Broadcom Inc's current ratio has exhibited fluctuations over the past 20 reporting periods, ranging from a low of 1.26 to a high of 2.82. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has sufficient current assets to cover its current liabilities.
In recent periods, Broadcom Inc's current ratio has generally been above 2, indicating a healthy liquidity position. A current ratio above 2 suggests that the company is well-positioned to pay off its immediate debts using its current assets.
However, there have been instances where the current ratio dipped below 2, such as in the last three reporting periods. This could indicate a decrease in the company's liquidity or an increase in its short-term obligations relative to its current assets.
Overall, Broadcom Inc's current ratio has shown variability but has generally been at levels that indicate a strong liquidity position, which is a positive indicator for investors and creditors.
Peer comparison
Feb 4, 2024