KLA-Tencor Corporation (KLAC)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 10,031,100 | 8,372,030 | 7,168,910 | 5,696,250 | 4,723,540 |
| Total current liabilities | US$ in thousands | 4,660,770 | 3,742,840 | 2,871,080 | 2,103,230 | 1,699,790 |
| Current ratio | 2.15 | 2.24 | 2.50 | 2.71 | 2.78 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $10,031,100K ÷ $4,660,770K
= 2.15
The current ratio of KLA-Tencor Corporation has shown a declining trend over the past five years, decreasing from 2.78 in June 2020 to 2.15 in June 2024. This indicates a weakening short-term liquidity position, as the company's ability to cover its current liabilities with current assets has decreased over time. However, it is important to note that the current ratio has remained above 1, suggesting that the company still has sufficient current assets to meet its short-term obligations. Further analysis should be conducted to understand the factors contributing to the declining current ratio and to assess the overall financial health and liquidity position of KLA-Tencor Corporation.
Peer comparison
Jun 30, 2024