Coherent Inc (COHR)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,660,100 | 3,252,000 | 4,305,190 | 3,027,390 | 1,788,970 |
| Total current liabilities | US$ in thousands | 1,343,770 | 1,078,750 | 1,266,960 | 729,589 | 672,893 |
| Current ratio | 2.72 | 3.01 | 3.40 | 4.15 | 2.66 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,660,100K ÷ $1,343,770K
= 2.72
The current ratio of Coherent Inc has exhibited fluctuations over the past five years. The current ratio decreased from 4.15 in 2021 to 2.66 in 2020, indicating a potential liquidity concern. However, there was a significant improvement in 2022 with a current ratio of 3.40, suggesting enhanced liquidity. The ratio further increased to 3.01 in 2023, indicating a potential strengthening of the company's ability to meet short-term obligations. In the latest financial year, the current ratio stands at 2.72, which is lower than the ratios observed in 2022 and 2023 but still indicates a reasonable liquidity position. Overall, while there have been fluctuations in the current ratio, Coherent Inc has maintained a generally acceptable level of liquidity over the years.
Peer comparison
Jun 30, 2024