Coherent Inc (COHR)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,660,100 | 3,550,230 | 3,421,600 | 3,243,730 | 3,252,000 | 3,406,640 | 3,416,400 | 3,394,630 | 4,305,190 | 4,233,800 | 4,165,800 | 3,050,950 | 3,027,390 | 2,888,770 | 2,137,720 | 1,991,740 | 1,788,970 | 1,591,090 | 1,589,190 | 1,756,200 |
| Total current liabilities | US$ in thousands | 1,343,770 | 1,310,630 | 1,187,770 | 1,083,140 | 1,078,750 | 1,107,460 | 1,132,920 | 1,183,080 | 1,266,960 | 2,123,880 | 2,083,240 | 1,028,660 | 729,589 | 678,837 | 664,474 | 644,893 | 672,893 | 569,171 | 571,599 | 545,777 |
| Current ratio | 2.72 | 2.71 | 2.88 | 2.99 | 3.01 | 3.08 | 3.02 | 2.87 | 3.40 | 1.99 | 2.00 | 2.97 | 4.15 | 4.26 | 3.22 | 3.09 | 2.66 | 2.80 | 2.78 | 3.22 |
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 fluctuated over the past several quarters, ranging from a low of 1.99 to a high of 4.26. Currently, as of June 30, 2024, the company's current ratio stands at 2.72, indicating that the company has $2.72 in current assets for every $1 in current liabilities.
The trend in the current ratio shows some variation but generally remains above 2, suggesting that Coherent Inc has a strong ability to cover its short-term liabilities with its current assets. A ratio above 2 is typically considered healthy, as it indicates that the company is in a good position to meet its short-term obligations.
However, it is worth noting that the current ratio dipped to 1.99 in the first quarter of 2022, which may have raised concerns about the company's liquidity and ability to meet short-term obligations at that time. This dip was followed by a significant improvement in subsequent quarters, with the current ratio reaching levels above 3.
Overall, while there have been fluctuations in the current ratio, Coherent Inc's ability to maintain a ratio above 2 in most quarters suggests a generally healthy liquidity position and the ability to support short-term financial obligations.
Peer comparison
Jun 30, 2024