Cohu Inc (COHU)
Current ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 638,818 | 718,567 | 722,291 | 709,496 | 764,851 | 749,331 | 767,296 | 752,156 | 750,793 | 743,507 | 826,597 | 675,718 | 485,046 | 444,818 | 456,250 | 453,799 | 439,696 | 431,595 | 442,807 | 444,846 |
| Total current liabilities | US$ in thousands | 103,421 | 128,444 | 138,402 | 145,028 | 160,872 | 170,757 | 194,268 | 176,469 | 192,459 | 202,152 | 321,312 | 208,033 | 174,453 | 146,903 | 159,041 | 163,717 | 148,885 | 139,349 | 146,931 | 138,089 |
| Current ratio | 6.18 | 5.59 | 5.22 | 4.89 | 4.75 | 4.39 | 3.95 | 4.26 | 3.90 | 3.68 | 2.57 | 3.25 | 2.78 | 3.03 | 2.87 | 2.77 | 2.95 | 3.10 | 3.01 | 3.22 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $638,818K ÷ $103,421K
= 6.18
The current ratio of Cohu Inc has shown a general increasing trend over the past few quarters, indicating a strengthening liquidity position. A current ratio above 1 indicates that the company has more current assets than current liabilities to cover its short-term obligations.
As of Dec 31, 2023, Cohu Inc has a current ratio of 6.18, which means the company has $6.18 in current assets for every $1 in current liabilities. This indicates a very strong liquidity position, providing a cushion to meet its short-term obligations.
The improvement in the current ratio over the quarters suggests that Cohu Inc has been effectively managing its working capital, which is crucial for its day-to-day operations and financial health.
Overall, the increasing trend in the current ratio reflects positively on Cohu Inc's ability to meet its short-term financial obligations and indicates sound liquidity management by the company.
Peer comparison
Dec 31, 2023