Benchmark Electronics Inc (BHE)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	1,635,750	1,652,150	1,348,140	1,202,350	1,195,080
Total current liabilities	US$ in thousands	713,547	749,136	654,382	481,136	459,245
Current ratio		2.29	2.21	2.06	2.50	2.60

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,635,750K ÷ $713,547K
= 2.29

The current ratio of Benchmark Electronics Inc. has exhibited fluctuations over the past five years, ranging from 2.06 to 2.60 as of December 31 of each respective year. In 2023, the current ratio stood at 2.29, showing a slight increase from the previous year's ratio of 2.21.

A current ratio higher than 1 indicates that the company has more current assets than current liabilities, implying a strong short-term liquidity position. Benchmark Electronics Inc. has consistently maintained a current ratio above 2 in the last five years, suggesting a comfortable ability to cover its short-term obligations with its current assets.

The drop in the current ratio in 2021 to 2.06 could be indicative of potential liquidity concerns, although the subsequent improvement in 2022 and 2023 suggests a recovery or better management of current assets and liabilities.

Overall, while the current ratio of Benchmark Electronics Inc. has fluctuated, remaining above 2 in recent years reflects a generally healthy liquidity position, providing some assurance regarding the company's short-term financial health and ability to meet its obligations.