IPG Photonics Corporation (IPGP)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,914,650 | 1,986,270 | 2,347,680 | 2,148,080 | 1,896,630 |
| Total current liabilities | US$ in thousands | 214,861 | 274,646 | 313,433 | 214,578 | 191,904 |
| Current ratio | 8.91 | 7.23 | 7.49 | 10.01 | 9.88 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,914,650K ÷ $214,861K
= 8.91
The current ratio of IPG Photonics Corp has shown a fluctuating trend over the past five years. The company's current ratio was relatively high at 10.01 in 2020, indicating that it had $10.01 in current assets to cover each dollar of current liabilities. However, there was a notable decline in the current ratio to 7.49 in 2021, followed by a slight increase to 7.23 in 2022. The current ratio improved significantly to 8.91 in 2023, suggesting that the company's liquidity position strengthened, with $8.91 in current assets available for every dollar of current liabilities. Overall, while the current ratio has experienced some variability, IPG Photonics Corp has demonstrated a generally solid ability to meet its short-term obligations over the past five years.
Peer comparison
Dec 31, 2023