FormFactor Inc (FORM)

Current ratio

		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	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	573,780	506,585	478,255	480,921	474,552	516,314	537,064	556,148	524,039	506,501	497,491	498,105	487,074	456,194	455,414	426,255	419,043	389,787	347,646	338,385
Total current liabilities	US$ in thousands	131,095	129,526	124,103	128,170	149,667	163,756	159,585	154,657	148,754	160,000	153,851	146,649	154,571	136,274	123,236	117,494	136,560	141,907	102,810	100,643
Current ratio		4.38	3.91	3.85	3.75	3.17	3.15	3.37	3.60	3.52	3.17	3.23	3.40	3.15	3.35	3.70	3.63	3.07	2.75	3.38	3.36

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $573,780K ÷ $131,095K
= 4.38

FormFactor Inc's current ratio has shown relatively positive trends over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.

Based on the data provided, FormFactor Inc's current ratio has generally been above 3, indicating that the company has had a strong ability to meet its short-term obligations over the periods reported. Additionally, the current ratio has been progressively improving from 2.75 in March 2019 to 4.38 in December 2023.

This consistently high current ratio suggests that FormFactor Inc has a comfortable margin of safety in meeting its short-term financial commitments. It indicates that the company has a solid financial position with sufficient current assets to cover its current liabilities. The upward trend in the current ratio also points towards an improvement in liquidity and financial stability over time.