Enphase Energy Inc (ENPH)

Current ratio

		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	Mar 31, 2019
Total current assets	US$ in thousands	2,443,520	2,598,630	2,560,790	2,512,630	2,264,270	1,982,660	1,735,990	1,558,780	1,462,460	1,768,080	1,665,920	1,791,360	933,064	850,234	757,201	751,697	499,657	391,517	349,851	195,442
Total current liabilities	US$ in thousands	532,449	774,387	743,605	729,289	638,219	550,236	480,010	453,756	439,796	393,455	356,593	344,473	534,043	256,519	223,523	233,622	199,311	146,819	143,613	128,746
Current ratio		4.59	3.36	3.44	3.45	3.55	3.60	3.62	3.44	3.33	4.49	4.67	5.20	1.75	3.31	3.39	3.22	2.51	2.67	2.44	1.52

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,443,520K ÷ $532,449K
= 4.59

The current ratio of Enphase Energy Inc has been relatively stable over the past eight quarters, ranging from 3.36 to 4.59. This indicates that the company has consistently maintained a strong ability to meet its short-term obligations with its current assets. The current ratio of above 1 suggests that Enphase Energy Inc has more than enough current assets to cover its current liabilities, which is a positive sign of financial health. The current ratio peaked at 4.59 in Q4 2023, indicating a significant increase in liquidity compared to the previous quarters. Overall, Enphase Energy Inc's current ratio demonstrates a strong liquidity position and ability to meet its short-term financial obligations.