KLA-Tencor Corporation (KLAC)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 10,031,100 | 9,528,080 | 8,748,720 | 8,430,790 | 8,372,030 | 8,018,750 | 8,132,580 | 7,643,940 | 7,168,910 | 6,582,720 | 6,701,480 | 6,144,670 | 5,696,250 | 5,405,160 | 5,222,950 | 4,754,700 | 4,723,540 | 4,318,460 | 4,377,440 | 4,355,750 |
| Total current liabilities | US$ in thousands | 4,660,770 | 4,458,540 | 4,571,000 | 3,817,740 | 3,742,840 | 3,418,520 | 3,482,500 | 3,139,360 | 2,871,080 | 2,828,980 | 2,776,100 | 2,523,010 | 2,103,230 | 2,029,470 | 2,020,110 | 1,748,830 | 1,699,790 | 1,653,270 | 1,718,240 | 1,943,450 |
| Current ratio | 2.15 | 2.14 | 1.91 | 2.21 | 2.24 | 2.35 | 2.34 | 2.43 | 2.50 | 2.33 | 2.41 | 2.44 | 2.71 | 2.66 | 2.59 | 2.72 | 2.78 | 2.61 | 2.55 | 2.24 |
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 fluctuations over the past several quarters. The ratio measures the company's ability to cover its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.
The current ratio has generally been above 2, which indicates that KLA-Tencor has had a healthy level of current assets relative to its current liabilities. However, there have been slight fluctuations in the ratio over time.
In recent quarters, the current ratio ranged from a low of 1.91 to a high of 2.78. The ratio peaked at 2.78 in September 2020 and has been relatively stable since then, hovering around 2.2 to 2.5.
Overall, KLA-Tencor's current ratio demonstrates a solid financial position with ample current assets to meet its short-term obligations. It is essential to continue monitoring the ratio to ensure the company maintains liquidity and financial stability.
Peer comparison
Jun 30, 2024