Diodes Incorporated (DIOD)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,224,150 | 1,187,380 | 1,161,670 | 1,187,670 | 1,023,990 |
| Total current liabilities | US$ in thousands | 375,596 | 393,498 | 432,530 | 471,034 | 509,762 |
| Current ratio | 3.26 | 3.02 | 2.69 | 2.52 | 2.01 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,224,150K ÷ $375,596K
= 3.26
Diodes Incorporated has shown a consistent improvement in its current ratio over the past five years, reflecting a strengthening liquidity position. The current ratio has increased from 2.01 in December 31, 2020, to 3.26 in December 31, 2024. This indicates that the company's current assets are more than sufficient to cover its current liabilities, with a greater margin of safety. The trend suggests that Diodes Incorporated has been effectively managing its working capital and short-term obligations, which may help mitigate financial risks and support its operational stability in the long run.
Peer comparison
Dec 31, 2024