Entegris Inc (ENTG)

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 1,616,300 1,715,090 1,576,790 1,575,450 1,977,330 2,943,560 2,968,550 2,457,050 2,335,180 2,222,280 3,876,160 1,369,340 1,313,370 1,275,700 1,159,240 1,244,610 1,234,260 1,146,450 1,188,850 966,306
Total current liabilities US$ in thousands 525,178 586,691 439,858 469,982 513,995 683,159 646,289 781,623 761,931 841,021 393,135 371,661 379,001 309,413 260,530 266,271 302,626 247,373 237,955 201,990
Current ratio 3.08 2.92 3.58 3.35 3.85 4.31 4.59 3.14 3.06 2.64 9.86 3.68 3.47 4.12 4.45 4.67 4.08 4.63 5.00 4.78

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 exhibited fluctuations over the last few years, indicating changes in its liquidity position. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, ranged from a high of 9.86 on June 30, 2022, to a low of 2.64 on September 30, 2022.

In general, a current ratio above 1 indicates that a company has more current assets than current liabilities, which is considered a positive sign of liquidity. Entegris Inc consistently maintained current ratios above 3 during the period, suggesting a healthy liquidity position overall.

However, there were noticeable drops in the current ratio towards the end of 2022 and into 2023, with the ratio falling below 4. This could indicate potential challenges in meeting short-term obligations with current assets during those periods. It is essential to closely monitor this trend to ensure the company can effectively manage its short-term financial obligations.

The current ratio improved slightly in the following quarters, reaching 4.31 on September 30, 2023, and 4.59 on June 30, 2023, before decreasing again to 3.08 on December 31, 2024. These fluctuations may be attributed to various factors such as changes in current asset and liability levels, operational efficiency, or management of working capital.

Overall, Entegris Inc's current ratio demonstrates that the company has generally maintained a comfortable liquidity position over the analyzed period, although there have been instances of volatility that warrant further observation and analysis to ensure continued financial stability.