Benchmark Electronics Inc (BHE)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	1,504,230	1,508,710	1,510,650	1,578,610	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
Total current liabilities	US$ in thousands	649,099	639,131	643,060	667,819	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
Current ratio		2.32	2.36	2.35	2.36	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,504,230K ÷ $649,099K
= 2.32

The current ratio of Benchmark Electronics Inc has been relatively stable over the given time period, ranging from 2.01 to 2.75. The current ratio indicates the company's ability to cover its short-term liabilities with its current assets.

The current ratio peaked at 2.75 on March 31, 2020, and has since experienced fluctuations but generally stayed within a healthy range. From June 30, 2021, to December 31, 2022, the current ratio declined gradually, reaching its lowest point of 2.01 on September 30, 2022.

However, there was a rebound in the current ratio from March 31, 2023, onwards, showing an upward trend. The most recent data point of 2.32 as of December 31, 2024, indicates an improvement in the company's short-term liquidity position.

Overall, Benchmark Electronics Inc has maintained a strong current ratio throughout the period, suggesting the company's ability to meet its short-term obligations comfortably with its current assets.