Fabrinet (FN)
Current ratio
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,428,840 | 2,244,440 | 2,199,010 | 2,108,940 | 2,012,690 | 1,916,140 | 1,806,360 | 1,691,960 | 1,652,540 | 1,704,610 | 1,647,770 | 1,551,910 | 1,525,170 | 1,470,150 | 1,439,990 | 1,388,600 | 1,352,510 | 1,255,170 | 1,251,730 | 1,180,420 |
| Total current liabilities | US$ in thousands | 809,842 | 675,047 | 663,160 | 575,978 | 557,942 | 544,267 | 486,777 | 455,433 | 481,885 | 554,989 | 549,595 | 526,355 | 538,487 | 502,659 | 500,037 | 479,219 | 444,358 | 366,240 | 395,035 | 355,449 |
| Current ratio | 3.00 | 3.32 | 3.32 | 3.66 | 3.61 | 3.52 | 3.71 | 3.72 | 3.43 | 3.07 | 3.00 | 2.95 | 2.83 | 2.92 | 2.88 | 2.90 | 3.04 | 3.43 | 3.17 | 3.32 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,428,840K ÷ $809,842K
= 3.00
The analysis of Fabrinet's current ratio over the specified period reveals a generally consistent liquidity position, reflecting its ability to meet short-term obligations through its current assets relative to its current liabilities. Starting from a high of 3.32 on September 30, 2020, the ratio experienced fluctuations within a range of approximately 2.83 to 3.72 over the subsequent periods.
In the initial period, the current ratio peaked at 3.43 in March 2021, indicative of a strong liquidity buffer. Subsequently, there was a slight downward trend, with the ratio declining to a low of 2.83 by June 2022, which still signifies a comfortable liquidity position as ratios above 1 typically indicate that current assets sufficiently cover current liabilities.
From late 2022 onward, the current ratio demonstrated a gradual increase, reaching a peak of 3.72 in September 2023. This upward movement suggests improved short-term liquidity, potentially resulting from increased current assets, reduced current liabilities, or a combination of both. Notably, the ratio remained relatively stable around 3.3 to 3.7 during this period, highlighting a consistent capacity to meet short-term obligations.
Into 2024 and mid-2025, the ratio experienced minor fluctuations, maintaining an overall high level near 3.6, with a slight decline to 3.00 by June 2025. The ratio's sustained level well above 1 throughout this timeframe indicates that Fabrinet continues to possess a robust liquidity profile.
Overall, the trend suggests that Fabrinet maintains a healthy and stable liquidity position. The relatively high and stable current ratio over the observed period reflects prudent liquidity management, with the company well-positioned to address its short-term liabilities without undue concern.
Peer comparison
Jun 30, 2025