Digi International Inc (DGII)

Current ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Total current assets	US$ in thousands	154,447	166,198	166,208	246,658	170,058
Total current liabilities	US$ in thousands	89,337	85,978	96,507	58,941	61,230
Current ratio		1.73	1.93	1.72	4.18	2.78

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $154,447K ÷ $89,337K
= 1.73

The current ratio of Digi International Inc has exhibited fluctuations over the past five years, ranging from a low of 1.72 in 2022 to a high of 4.18 in 2021. The current ratio for the most recent year, as of September 30, 2024, stands at 1.73, reflecting a slight decrease from the prior year.

A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting its ability to cover its short-term obligations. Although the current ratio has decreased from the peak in 2021, the current level still demonstrates a healthy liquidity position for the company.

It is essential for investors and stakeholders to monitor the trend of the current ratio over time to assess the company's liquidity and short-term financial health accurately. Further analysis in conjunction with other financial metrics would provide a comprehensive understanding of Digi International Inc's financial performance and stability.