Flex Ltd (FLEX)
Current ratio
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,841,000 | 12,756,000 | 13,351,000 | 12,548,000 | 12,992,000 | 14,877,000 | 15,463,000 | 15,540,000 | 16,021,000 | 15,819,000 | 15,630,000 | 15,147,000 | 14,337,000 | 13,213,000 | 12,183,000 | 11,729,000 | 11,363,000 | 11,111,000 | 10,479,000 | 9,562,380 |
| Total current liabilities | US$ in thousands | 9,850,000 | 9,037,000 | 9,306,000 | 8,969,000 | 8,539,000 | 9,386,000 | 10,106,000 | 10,638,000 | 10,855,000 | 11,668,000 | 12,146,000 | 11,590,000 | 10,711,000 | 9,642,000 | 8,688,000 | 8,138,000 | 7,834,000 | 7,519,000 | 7,157,000 | 6,795,250 |
| Current ratio | 1.30 | 1.41 | 1.43 | 1.40 | 1.52 | 1.59 | 1.53 | 1.46 | 1.48 | 1.36 | 1.29 | 1.31 | 1.34 | 1.37 | 1.40 | 1.44 | 1.45 | 1.48 | 1.46 | 1.41 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $12,841,000K ÷ $9,850,000K
= 1.30
Flex Ltd's current ratio has displayed some fluctuations over the past few years. Starting at 1.41 on June 30, 2020, the current ratio increased gradually, reaching its peak at 1.59 on December 31, 2023. Subsequently, there was a slight decrease before increasing again to 1.53 by September 30, 2023. However, by March 31, 2024, the current ratio had dipped to 1.52 and experienced further declines, dropping to 1.30 by March 31, 2025.
Overall, Flex Ltd's current ratio has shown some variability but has generally remained above 1, indicating the company's ability to meet its short-term financial obligations with its current assets. However, the decreasing trend in recent periods may suggest a potential strain on liquidity and prompt further analysis to ensure financial health and stability.
Peer comparison
Mar 31, 2025