Entegris Inc (ENTG)

Current ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total current assets US$ in thousands 1,616,300 1,977,330 2,335,180 1,313,370 1,234,260
Total current liabilities US$ in thousands 525,178 513,995 761,931 379,001 302,626
Current ratio 3.08 3.85 3.06 3.47 4.08

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,616,300K ÷ $525,178K
= 3.08

Entegris Inc's current ratio has shown fluctuations over the past five years. The current ratio, which measures the company's ability to cover its short-term liabilities with its short-term assets, was 4.08 as of December 31, 2020. Subsequently, the ratio decreased to 3.47 by December 31, 2021, indicating a potential reduction in the company's liquidity position.

However, there was a further decline in the current ratio to 3.06 as of December 31, 2022, which may raise concerns about Entegris Inc's short-term liquidity management. The ratio improved slightly to 3.85 by December 31, 2023, suggesting a better ability to meet short-term obligations.

However, by December 31, 2024, the current ratio fell again to 3.08. Overall, while Entegris Inc has shown fluctuations in its current ratio over the years, it is essential for the company to closely monitor and manage its short-term liquidity position to ensure it can meet its obligations effectively.