Digi International Inc (DGII)

Current ratio

		Sep 30, 2024	Jun 30, 2024	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
Total current assets	US$ in thousands	154,447	164,519	166,384	165,378	166,198	167,354	169,066	170,241	166,208	169,557	167,840	156,702	246,658	246,314	234,431	167,262	170,058	166,462	188,367	185,035
Total current liabilities	US$ in thousands	89,337	82,353	81,134	70,445	85,978	89,019	83,769	90,565	96,507	94,578	89,977	79,311	58,941	57,415	56,861	67,487	61,230	50,345	53,206	61,525
Current ratio		1.73	2.00	2.05	2.35	1.93	1.88	2.02	1.88	1.72	1.79	1.87	1.98	4.18	4.29	4.12	2.48	2.78	3.31	3.54	3.01

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 shown some fluctuations over the past few quarters. The current ratio indicates the company's ability to meet its short-term financial obligations with its current assets. A higher current ratio typically suggests a stronger liquidity position.

In the most recent quarter ending September 30, 2024, Digi International Inc had a current ratio of 1.73, which implies that the company had $1.73 in current assets for every $1 in current liabilities. While the current ratio of 1.73 indicates that the company had sufficient current assets to cover its short-term liabilities, it had decreased compared to the previous quarter.

Over the past few periods, the current ratio has ranged from a low of 1.72 to a high of 4.29. The significant increase in the current ratio in the quarter ending June 30, 2021, and September 30, 2021, to levels above 4.0 may indicate a temporary influx of current assets or a reduction in current liabilities during those periods.

Overall, the trend in the current ratio of Digi International Inc suggests some level of volatility but generally remains above 1.5, indicating a reasonable ability to cover short-term obligations with current assets. It is important to monitor this ratio over time to assess the company's liquidity position and financial health effectively.