Harmonic Inc (HLIT)
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 | 330,732 | 329,137 | 331,516 | 338,105 | 345,299 | 336,683 | 338,426 | 325,400 | 323,127 | 291,175 | 301,121 | 260,667 | 238,035 | 214,043 | 207,877 | 231,625 | 251,362 | 236,887 | 185,503 | 181,071 |
| Total current liabilities | US$ in thousands | 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 | 191,899 | 146,450 | 138,311 | 134,104 |
| Current ratio | 1.21 | 1.20 | 1.15 | 1.11 | 1.07 | 1.52 | 1.52 | 1.41 | 1.44 | 1.43 | 1.62 | 1.35 | 1.62 | 1.47 | 1.43 | 1.18 | 1.31 | 1.62 | 1.34 | 1.35 |
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 shown fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the current ratio improved to 1.21 compared to the previous quarter Q3 2023, which was 1.20. However, the current ratio has been on a general upward trend since Q1 2022 when it was at 1.07. This indicates that the company's current assets relative to its current liabilities have been improving steadily over the past year and a half.
Overall, a current ratio above 1 indicates that Harmonic, Inc. has more current assets than current liabilities, suggesting the company is in a relatively healthy financial position in the short term. The trend of increasing current ratios over the quarters indicates improving liquidity and the company's ability to meet its short-term obligations. However, it is important for Harmonic, Inc. to continue monitoring and managing its current assets and liabilities to ensure sustainable liquidity in the future.
Peer comparison
Dec 31, 2023