Corsair Gaming Inc (CRSR)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 711,589 | 622,793 | 705,775 | 690,971 |
| Total current liabilities | US$ in thousands | 418,487 | 342,998 | 446,747 | 505,381 |
| Current ratio | 1.70 | 1.82 | 1.58 | 1.37 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $711,589K ÷ $418,487K
= 1.70
The current ratio of Corsair Gaming Inc has exhibited some fluctuations over the past five years. In 2023, the current ratio stood at 1.70, showing a slight decrease compared to the previous year where it was 1.82. This indicates that the company may have slightly less short-term assets relative to its short-term liabilities in 2023. However, the current ratio remains above 1, suggesting that Corsair Gaming Inc still has more current assets than current liabilities to cover its short-term obligations.
Looking further back, the current ratio has shown a general upward trend from 2019 to 2022, indicating an improvement in the company's short-term liquidity position during that period. In 2021, the current ratio dipped to 1.58 before recovering in the subsequent year. The current ratio in 2020 was the lowest at 1.37 among the five years analyzed, possibly indicating a temporary liquidity strain.
Overall, while the current ratio of Corsair Gaming Inc has fluctuated over the past five years, it seems to generally reflect a healthy liquidity position, with the company able to meet its short-term obligations comfortably. It is essential to consider additional financial metrics and qualitative factors to gain a comprehensive understanding of the company's overall financial health and liquidity management.
Peer comparison
Dec 31, 2023