Littelfuse Inc (LFUS)
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 | 1,408,600 | 1,458,320 | 1,441,350 | 1,401,600 | 1,511,800 | 1,431,310 | 1,718,820 | 1,318,210 | 1,270,210 | 1,435,940 | 1,318,920 | 1,192,410 | 1,217,310 | 1,148,930 | 1,119,160 | 1,092,480 | 1,004,390 | 1,007,590 | 1,039,550 | 1,030,140 |
| Total current liabilities | US$ in thousands | 375,494 | 481,646 | 495,680 | 519,638 | 572,295 | 448,810 | 398,769 | 365,344 | 434,633 | 421,640 | 381,692 | 326,545 | 275,648 | 234,606 | 209,157 | 208,215 | 225,562 | 248,749 | 266,411 | 269,550 |
| Current ratio | 3.75 | 3.03 | 2.91 | 2.70 | 2.64 | 3.19 | 4.31 | 3.61 | 2.92 | 3.41 | 3.46 | 3.65 | 4.42 | 4.90 | 5.35 | 5.25 | 4.45 | 4.05 | 3.90 | 3.82 |
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 varied over the past several quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio is generally seen as favorable as it indicates a company has more current assets to cover its current liabilities.
Looking at the data provided, we observe that the current ratio fluctuated between 2.64 and 5.35 over the past five years. Notably, the current ratio was highest at 5.35 in June 2020 and lowest at 2.64 in December 2019. These variations can indicate changes in the company's liquidity position over time.
It is important to note that a very high current ratio could suggest that the company might not be efficiently utilizing its current assets to generate additional revenue. On the other hand, a very low current ratio may indicate potential liquidity issues, as the company may struggle to meet its short-term obligations.
Overall, a current ratio above 2 is generally considered healthy for most companies, but optimal levels can vary depending on the industry and the company's specific circumstances. It would be advisable for stakeholders to closely monitor the current ratio trends over time to assess Littelfuse Inc's short-term liquidity position and financial health.
Peer comparison
Dec 31, 2023