Azenta Inc (AZTA)
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 | 1,382,800 | 1,418,960 | 1,510,840 | 1,585,730 | 1,619,980 | 2,459,350 | 2,575,300 | 3,043,090 | 796,729 | 777,366 | 717,217 | 724,490 | 675,156 | 649,453 | 602,011 | 572,528 | 663,469 | 647,145 | 526,884 | 509,490 |
| Total current liabilities | US$ in thousands | 235,620 | 210,928 | 203,627 | 212,644 | 249,026 | 230,546 | 194,927 | 617,963 | 341,800 | 345,088 | 311,060 | 265,646 | 225,770 | 211,118 | 205,805 | 197,035 | 282,952 | 272,270 | 174,992 | 178,330 |
| Current ratio | 5.87 | 6.73 | 7.42 | 7.46 | 6.51 | 10.67 | 13.21 | 4.92 | 2.33 | 2.25 | 2.31 | 2.73 | 2.99 | 3.08 | 2.93 | 2.91 | 2.34 | 2.38 | 3.01 | 2.86 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,382,800K ÷ $235,620K
= 5.87
The current ratio of Azenta Inc has varied over the past 8 quarters, ranging from a low of 4.92 in Q2 2022 to a high of 13.21 in Q3 2022. The ratio indicates the company's ability to cover its short-term obligations with its current assets. A higher current ratio is generally preferred as it suggests a stronger liquidity position.
The current ratio for the most recent quarter, Q1 2024, stands at 5.87, which is lower than the previous quarter but still indicates that the company has sufficient current assets to cover its current liabilities. It is important to monitor this ratio over time to ensure that the company can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023