Littelfuse Inc (LFUS)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,408,600 | 1,511,800 | 1,270,210 | 1,217,310 | 1,004,390 |
| Total current liabilities | US$ in thousands | 375,494 | 572,295 | 434,633 | 275,648 | 225,562 |
| Current ratio | 3.75 | 2.64 | 2.92 | 4.42 | 4.45 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,408,600K ÷ $375,494K
= 3.75
The current ratio of Littelfuse Inc has shown fluctuations over the past five years. In 2023, the current ratio increased significantly to 3.75 from 2.64 in 2022, indicating that the company's ability to cover its short-term obligations with its current assets improved. However, it is still lower than the ratios reported in 2020 and 2019, which were 4.42 and 4.45 respectively, suggesting a potential decrease in liquidity compared to those years. Despite the fluctuation, the current ratio remains above the industry average of 2, indicating that Littelfuse Inc continues to maintain a strong liquidity position overall.
Peer comparison
Dec 31, 2023