3D Systems Corporation (DDD)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	627,822	834,245	1,031,740	357,515	373,170
Total current liabilities	US$ in thousands	147,188	151,808	178,012	175,730	162,964
Current ratio		4.27	5.50	5.80	2.03	2.29

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $627,822K ÷ $147,188K
= 4.27

The current ratio of 3D Systems Corporation has exhibited fluctuations over the past five years. The current ratio was strong at 5.80 in 2021, indicating the company had $5.80 in current assets to cover each dollar of current liabilities. This was a positive sign of liquidity and short-term solvency. In 2022, the current ratio increased further to 5.50, suggesting continued strength in the company's ability to meet short-term obligations.

However, there was a notable decline in the current ratio to 4.27 in 2023, which may raise concerns about the company's liquidity position. Despite this decrease, the current ratio remains above 1, indicating that the company still has more current assets than current liabilities.

Comparing with 2020 and 2019, where the current ratios were 2.03 and 2.29 respectively, the company has shown improvement in its liquidity position in recent years. It is important for investors and creditors to monitor the trend of the current ratio of 3D Systems Corporation to assess the company's ability to manage its short-term financial obligations effectively.