Cirrus Logic Inc (CRUS)

Current ratio

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Total current assets US$ in thousands 1,239,730 1,106,190 1,017,860 840,015 842,519
Total current liabilities US$ in thousands 195,188 186,393 216,340 264,783 213,610
Current ratio 6.35 5.93 4.70 3.17 3.94

March 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,239,730K ÷ $195,188K
= 6.35

The current ratio of Cirrus Logic Inc has shown a generally positive trend over the past five years. As of March 31, 2021, the current ratio stood at 3.94, indicating that the company had $3.94 in current assets for every $1 in current liabilities.

Subsequently, the ratio decreased slightly to 3.17 by March 31, 2022, but then demonstrated a significant improvement in the following years. By March 31, 2023, the current ratio had increased to 4.70, indicating a stronger liquidity position for the company.

The trend continued to be favorable as of March 31, 2024, where the current ratio further improved to 5.93, and by the latest date available, March 31, 2025, the ratio reached 6.35. This indicates that Cirrus Logic Inc has maintained a healthy level of current assets relative to current liabilities, suggesting its ability to meet short-term obligations efficiently.

Overall, the increasing trend in the current ratio reflects improving liquidity and financial health for Cirrus Logic Inc over the past five years.