Benchmark Electronics Inc (BHE)

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	1,635,750	1,707,070	1,721,060	1,690,870	1,652,150	1,708,200	1,601,270	1,451,020	1,348,140	1,279,010	1,266,980	1,213,440	1,202,350	1,185,230	1,208,120	1,265,000	1,195,080	1,198,120	1,257,810	1,297,930
Total current liabilities	US$ in thousands	713,547	699,104	721,921	711,863	749,136	848,900	785,078	684,465	654,382	600,169	581,409	505,110	481,136	449,485	464,620	459,339	459,245	441,237	487,660	490,236
Current ratio		2.29	2.44	2.38	2.38	2.21	2.01	2.04	2.12	2.06	2.13	2.18	2.40	2.50	2.64	2.60	2.75	2.60	2.72	2.58	2.65

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 relative stability over the past eight quarters, ranging from a low of 2.01 to a high of 2.44. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

The company's current ratio has generally been above 2, indicating that Benchmark Electronics Inc. has had more than enough current assets to cover its current liabilities. A current ratio above 1 typically suggests that a company is in good financial health, as it signifies that it can comfortably meet its short-term debt obligations.

Overall, the consistency of the company's current ratio around the 2 to 2.4 range reflects a strong liquidity position and a solid ability to meet its short-term financial obligations. This stability over multiple quarters suggests prudent financial management and a relatively low risk of liquidity issues for Benchmark Electronics Inc.