Harmonic Inc (HLIT)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 366,076 | 330,732 | 347,692 | 323,127 | 238,035 |
| Total current liabilities | US$ in thousands | 167,569 | 272,394 | 322,072 | 224,461 | 147,295 |
| Current ratio | 2.18 | 1.21 | 1.08 | 1.44 | 1.62 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $366,076K ÷ $167,569K
= 2.18
The current ratio of Harmonic Inc has exhibited fluctuations over the past five years. Starting at 1.62 on December 31, 2020, the ratio decreased to 1.44 by December 31, 2021. This decline continued into the following year, reaching a low of 1.08 on December 31, 2022, indicating a potentially weaker liquidity position. However, there was a slight improvement in the ratio to 1.21 by December 31, 2023. The most significant change was seen by December 31, 2024, when the current ratio surged to 2.18, suggesting a notable increase in liquidity and the company's ability to cover its short-term obligations with its current assets. Overall, the trend in Harmonic Inc's current ratio shows both fluctuations and improvements in liquidity management over the five-year period.
Peer comparison
Dec 31, 2024