Fabrinet (FN)
Current ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,428,840 | 2,012,690 | 1,652,540 | 1,525,170 | 1,352,510 |
| Total current liabilities | US$ in thousands | 809,842 | 557,942 | 481,885 | 538,487 | 444,358 |
| Current ratio | 3.00 | 3.61 | 3.43 | 2.83 | 3.04 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,428,840K ÷ $809,842K
= 3.00
The current ratio of Fabrinet demonstrates a generally stable financial position regarding its liquidity over the observed period from June 30, 2021, to June 30, 2025. Specifically, the current ratio was 3.04 in June 2021, indicating that current assets significantly exceeded current liabilities at that time. By June 30, 2022, the current ratio slightly declined to 2.83, reflecting a modest reduction in liquidity but still maintaining a strong coverage of short-term obligations.
Subsequently, the ratio increased to 3.43 by June 30, 2023, suggesting an improvement in liquidity and an enhanced ability to meet short-term liabilities with current assets. This upward trend continued into June 2024, with the ratio reaching 3.61, indicating an even more comfortable liquidity position. However, the ratio experienced a slight decrease to 3.00 by June 2025, yet it remains at a high level, consistent with a robust liquidity profile.
Overall, Fabrinet’s current ratio has remained well above the generally accepted benchmark of 1.0, signaling a strong capacity to cover short-term liabilities throughout the period. The fluctuations reflect typical operational and strategic adjustments but do not indicate any significant liquidity concerns. The consistent maintenance of a high current ratio suggests prudent liquidity management and a conservative approach to short-term financial stability.
Peer comparison
Jun 30, 2025