3D Systems Corporation (DDD)

Current ratio

		Mar 31, 2024	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
Total current assets	US$ in thousands	505,865	627,822	739,713	784,913	810,209	834,245	865,265	895,842	987,728	1,031,740	707,966	370,914	375,755	357,515	335,572	325,444	367,473	373,170	391,600	427,897
Total current liabilities	US$ in thousands	145,919	147,188	137,928	153,910	154,012	151,808	152,373	162,368	150,238	178,012	168,188	158,890	154,392	175,730	160,428	170,648	166,306	162,964	171,083	181,000
Current ratio		3.47	4.27	5.36	5.10	5.26	5.50	5.68	5.52	6.57	5.80	4.21	2.33	2.43	2.03	2.09	1.91	2.21	2.29	2.29	2.36

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $505,865K ÷ $145,919K
= 3.47

The current ratio of 3D Systems Corporation has shown fluctuations over the past few quarters. The current ratio is a measure of a company's ability to meet its short-term obligations with its current assets.

In the most recent quarter, as of March 31, 2024, the company's current ratio was 3.47, indicating that it had $3.47 in current assets for every $1 in current liabilities. This suggests that the company has a sufficient level of current assets to cover its short-term liabilities.

Looking at the trend over the past quarters, we can see that the current ratio has generally been above 2, which is considered a healthy level. The company's current ratio peaked at 6.57 in the first quarter of 2022, indicating a strong ability to cover short-term obligations with current assets.

However, there have been quarters where the current ratio was below 2, notably in the third quarter of 2021 and the third quarter of 2020. This could indicate potential liquidity concerns during those periods.

Overall, the current ratio trend of 3D Systems Corporation shows variability but generally remains at levels that indicate the company's ability to meet its short-term financial obligations. Investors and stakeholders should continue to monitor this ratio along with other financial metrics to assess the company's financial health and liquidity position.