Cognex Corporation (CGNX)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	678,997	717,699	639,798	601,691	607,231
Total current liabilities	US$ in thousands	151,884	187,708	188,589	132,297	120,477
Current ratio		4.47	3.82	3.39	4.55	5.04

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $678,997K ÷ $151,884K
= 4.47

Cognex Corp.'s current ratio has fluctuated over the past five years. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position.

In 2023, Cognex Corp.'s current ratio increased to 4.47, showing an improvement from the previous year. This suggests that the company has a higher level of current assets relative to its current liabilities, potentially indicating improved liquidity.

Comparing 2023 to 2021 and 2022, the current ratio has been on an upward trend, indicating a strengthening liquidity position over the past three years. However, it is still lower than the ratios reported for 2019 and 2020, which were 5.04 and 4.55, respectively.

Overall, Cognex Corp.'s current ratio has shown fluctuations in recent years, with the company experiencing improvements in liquidity in 2023 compared to the previous year. Investors and stakeholders may find these trends important in assessing the company's short-term financial health and ability to meet its obligations.