Cognex Corporation (CGNX)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	613,367	678,997	717,699	639,798	601,691
Total current liabilities	US$ in thousands	169,380	151,884	187,708	188,589	132,297
Current ratio		3.62	4.47	3.82	3.39	4.55

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $613,367K ÷ $169,380K
= 3.62

Based on the data provided, the current ratio of Cognex Corporation has shown fluctuations over the years. As of December 31, 2020, the current ratio was 4.55, indicating that the company had $4.55 in current assets for every $1 in current liabilities.

Subsequently, the current ratio decreased to 3.39 by December 31, 2021, which may suggest a reduction in the company's ability to cover its short-term obligations with its current assets.

However, the ratio improved in the following years, reaching 3.82 by December 31, 2022, 4.47 by December 31, 2023, and then declining to 3.62 by December 31, 2024.

Overall, the current ratio has generally been at healthy levels, indicating that Cognex Corporation has had a strong ability to meet its short-term liabilities with its current assets. The fluctuations in the ratio could be influenced by changes in the company's liquidity position, such as variations in current assets and liabilities over the years. Investors and stakeholders should continue to monitor the trend of the current ratio to assess the company's liquidity and financial health.