Broadcom Inc (AVGO)
Current ratio
| Nov 3, 2024 | Aug 4, 2024 | May 5, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 19,595,000 | 19,947,000 | 25,302,000 | 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 |
| Total current liabilities | US$ in thousands | 16,697,000 | 19,221,000 | 20,171,000 | 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 |
| Current ratio | 1.17 | 1.04 | 1.25 | 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 |
November 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $19,595,000K ÷ $16,697,000K
= 1.17
Broadcom Inc's current ratio has fluctuated over the past few quarters, but generally indicates the company's ability to meet its short-term obligations with its current assets. As of Nov 3, 2024, the current ratio stands at 1.17, showing a slight decrease from the previous quarter. While the current ratio remains above 1, suggesting that Broadcom has sufficient current assets to cover its current liabilities, the downward trend in recent quarters may indicate a potential strain on liquidity. It is essential for investors and stakeholders to monitor this trend closely to assess the company's financial health and ability to manage short-term obligations effectively.
Peer comparison
Nov 3, 2024