Harmonic Inc (HLIT)
Current ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 366,076 | 336,368 | 284,551 | 300,809 | 328,853 | 329,137 | 331,516 | 338,105 | 347,692 | 336,683 | 338,426 | 325,400 | 323,127 | 291,175 | 301,121 | 260,667 | 238,035 | 214,043 | 207,877 | 231,625 |
| Total current liabilities | US$ in thousands | 167,569 | 161,662 | 151,901 | 274,818 | 272,394 | 275,219 | 287,689 | 305,898 | 322,072 | 221,942 | 221,984 | 230,856 | 224,461 | 203,739 | 186,371 | 192,565 | 147,295 | 145,770 | 145,401 | 196,728 |
| Current ratio | 2.18 | 2.08 | 1.87 | 1.09 | 1.21 | 1.20 | 1.15 | 1.11 | 1.08 | 1.52 | 1.52 | 1.41 | 1.44 | 1.43 | 1.62 | 1.35 | 1.62 | 1.47 | 1.43 | 1.18 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $366,076K ÷ $167,569K
= 2.18
Harmonic Inc's current ratio has shown fluctuations over the past few years. The current ratio measures a company's ability to cover its short-term obligations with its current assets.
From March 31, 2020, to December 31, 2021, the current ratio improved steadily from 1.18 to 1.44, indicating a strengthening liquidity position. This trend suggests that Harmonic Inc had an increasing ability to meet its short-term liabilities with its current assets during this period.
However, there was a slight dip in the current ratio to 1.41 by March 31, 2022, before increasing again to 1.52 by June 30, 2022. This fluctuation may signal some variability in the management of current assets and liabilities during this period.
Subsequently, there was a notable drop in the current ratio to 1.08 by December 31, 2022, which could indicate potential liquidity challenges for Harmonic Inc at the end of that year.
The current ratio then improved significantly over the next few quarters, reaching 2.18 by December 31, 2024. This upturn indicates a substantial increase in current assets relative to current liabilities, suggesting a robust liquidity position for the company by the end of 2024.
Overall, the analysis of Harmonic Inc's current ratio highlights both positive and negative trends in the company's short-term liquidity management over the period under consideration.
Peer comparison
Dec 31, 2024