Coherent Inc (COHR)
Current ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,927,200 | 3,699,860 | 3,497,440 | 3,630,290 | 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 |
| Total current liabilities | US$ in thousands | 1,794,800 | 1,497,000 | 1,309,290 | 1,357,990 | 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 |
| Current ratio | 2.19 | 2.47 | 2.67 | 2.67 | 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 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,927,200K ÷ $1,794,800K
= 2.19
The current ratio of Coherent Inc. has exhibited notable fluctuations over the examined period from September 2020 to June 2025. Initially, in September 2020, the ratio stood at 3.09, indicating that the company's current assets significantly exceeded its current liabilities. This ratio increased through December 2020 to 3.22 and further rose to 4.26 by March 2021, reaching its peak within the analyzed timeframe. However, a decline commenced thereafter, with the ratio decreasing to 4.15 in June 2021 and further declining to 2.97 in September 2021.
The downward trend persisted into 2022, with the ratio dropping sharply to 2.00 at the end of December 2021 and nearly maintaining a similar level at March 2022 with 1.99. An uptick occurred in the subsequent quarter, rising to 3.40 by June 2022, before moderating somewhat to 2.87 in September 2022 and slightly increasing again to 3.02 by December 2022. The ratio remained relatively stable through early 2023, averaging around 3.0, including 3.08 in March 2023 and 3.01 in June 2023.
From mid-2023 onwards, there has been a modest but consistent decline, with the ratio reaching 2.99 in September 2023, dipping slightly to 2.88 by December 2023, and continuing downward to 2.71 in March 2024. Despite some minor fluctuations, the ratio stabilized around 2.67 to 2.72 through the remainder of 2024 and into the first half of 2025, with a reading of 2.47 in March 2025 and 2.19 in June 2025.
Overall, the company's current ratio has demonstrated periods of higher liquidity with peaks above 4.0 during early 2021, followed by a gradual decline to levels around 2.5 to 3.0 in recent periods. The current ratio generally remains above 2.0, suggesting that Coherent Inc. has maintained a prudent liquidity buffer throughout the analyzed timeframe. However, the downward trend in recent years indicates a slight tightening of liquidity, which warrants ongoing monitoring to ensure adequate short-term financial health.
Peer comparison
Jun 30, 2025