Fabrinet (FN)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 1,135,450 | 1,092,860 | 1,070,830 | 1,051,160 |
| Total current liabilities | US$ in thousands | 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 | 334,421 | 327,451 | 313,380 | 323,421 |
| Current ratio | 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 | 3.40 | 3.34 | 3.42 | 3.25 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,012,690K ÷ $557,942K
= 3.61
Fabrinet has shown a generally strong current ratio trend over the past several quarters, indicating a healthy liquidity position. The current ratio, which measures the company's ability to meet its short-term obligations with its current assets, has fluctuated within a range of 2.83 to 3.72 over the past two years.
In the most recent quarter, as of June 30, 2024, the current ratio stands at 3.61, indicating that Fabrinet had $3.61 in current assets for every $1 in current liabilities. This suggests that the company has a comfortable cushion to cover its short-term obligations and indicates a strong financial position.
However, it is important to note that while the current ratio has generally been above 3.0, indicating a strong liquidity position, there have been fluctuations in the ratio over time. For example, there was a slight decrease in the current ratio in the previous quarter compared to the current quarter.
Overall, the current ratio analysis suggests that Fabrinet has been managing its short-term liquidity well, but it is important to monitor any fluctuations in the ratio to ensure the company continues to maintain a strong liquidity position.
Peer comparison
Jun 30, 2024