CEVA Inc (CEVA)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 216,341 | 209,371 | 177,648 | 188,980 | 167,559 |
| Total current liabilities | US$ in thousands | 30,529 | 26,887 | 33,278 | 35,440 | 28,180 |
| Current ratio | 7.09 | 7.79 | 5.34 | 5.33 | 5.95 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $216,341K ÷ $30,529K
= 7.09
CEVA Inc's current ratio has shown a consistent trend in recent years. The ratio was 5.95 as of December 31, 2020, and slightly decreased to 5.33 by December 31, 2021. However, it remained relatively stable around 5.34 and 7.09 for the next two years. Notably, by December 31, 2023, the current ratio significantly increased to 7.79, indicating a strong ability to cover short-term obligations with current assets. Overall, CEVA Inc's current ratio demonstrates a healthy liquidity position, with the company having ample current assets to meet its short-term liabilities over the years analyzed.
Peer comparison
Dec 31, 2024