Diodes Incorporated (DIOD)

Current ratio

		Dec 31, 2024	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
Total current assets	US$ in thousands	1,224,150	1,262,440	1,220,460	1,201,230	1,187,380	1,182,580	1,160,390	1,121,770	1,161,670	1,276,560	1,214,610	1,152,090	1,187,670	1,063,880	1,042,480	1,050,350	1,023,990	1,214,690	1,126,480	796,446
Total current liabilities	US$ in thousands	375,596	352,783	360,955	377,279	393,498	414,907	412,956	390,346	432,530	511,541	499,977	463,493	471,034	444,625	460,205	432,838	509,762	321,533	325,335	264,117
Current ratio		3.26	3.58	3.38	3.18	3.02	2.85	2.81	2.87	2.69	2.50	2.43	2.49	2.52	2.39	2.27	2.43	2.01	3.78	3.46	3.02

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,224,150K ÷ $375,596K
= 3.26

Diodes Incorporated's current ratio has shown fluctuations over the reported periods. The current ratio increased steadily from March 31, 2020, to September 30, 2020, indicating a strong ability to cover short-term obligations with current assets. However, from December 31, 2020, to March 31, 2021, there was a significant decrease in the current ratio, implying potential liquidity challenges or increased financial risk.

Subsequently, there was some fluctuation in the current ratio from June 30, 2021, to December 31, 2022, hovering around 2.27 to 2.69. This range may suggest some stability in the company's ability to meet its short-term liabilities.

From March 31, 2023, to December 31, 2024, the current ratio showed a gradual increasing trend, reaching 3.26 by the end of December 31, 2024. This upward trajectory indicates an improvement in the company's liquidity position during this period.

Overall, while the current ratio of Diodes Incorporated has experienced fluctuations, the trend towards improvement in recent periods suggests a stronger ability to cover short-term obligations with current assets, which is generally positive for the company's financial health.