Corsair Gaming Inc (CRSR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 711,589 | 679,373 | 661,680 | 632,970 | 622,793 | 515,421 | 554,697 | 626,526 | 705,775 | 708,124 | 731,973 | 711,644 | 690,971 | 627,618 |
| Total current liabilities | US$ in thousands | 418,487 | 394,722 | 365,735 | 348,892 | 342,998 | 325,038 | 356,533 | 384,764 | 446,747 | 475,551 | 494,029 | 499,270 | 505,381 | 444,357 |
| Current ratio | 1.70 | 1.72 | 1.81 | 1.81 | 1.82 | 1.59 | 1.56 | 1.63 | 1.58 | 1.49 | 1.48 | 1.43 | 1.37 | 1.41 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $711,589K ÷ $418,487K
= 1.70
Corsair Gaming Inc's current ratio has been relatively stable over the past eight quarters, ranging from 1.56 to 1.82. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting good liquidity.
In the most recent quarter, Q4 2023, Corsair Gaming Inc's current ratio stands at 1.70, slightly lower than the previous quarter but still within a healthy range. This indicates that the company has sufficient current assets to meet its short-term obligations.
Overall, Corsair Gaming Inc has maintained a strong current ratio over the past two years, reflecting its ability to manage its short-term financial obligations effectively. Investors and stakeholders may view this as a positive indicator of the company's financial health and liquidity position.
Peer comparison
Dec 31, 2023