Harmonic Inc (HLIT)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 330,732 | 345,299 | 323,127 | 238,035 | 251,362 |
| Total current liabilities | US$ in thousands | 272,394 | 322,072 | 224,461 | 147,295 | 191,899 |
| Current ratio | 1.21 | 1.07 | 1.44 | 1.62 | 1.31 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $330,732K ÷ $272,394K
= 1.21
The current ratio of Harmonic, Inc. has fluctuated over the past five years, ranging from 1.07 in 2022 to 1.62 in 2020. In 2023, the current ratio stands at 1.21, indicating a moderate level of liquidity, as current assets slightly exceed current liabilities. While a current ratio above 1 suggests that the company can cover its short-term obligations with its current assets, a declining trend from 2020 to 2023 may raise concerns about the company's ability to meet its short-term financial obligations. Further investigation into the composition of current assets and liabilities is recommended to gain a deeper understanding of the company's liquidity position.
Peer comparison
Dec 31, 2023