Lumentum Holdings Inc (LITE)
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 | 1,590,100 | 1,650,000 | 2,062,100 | 2,691,700 | 2,777,900 | 2,463,600 | 2,492,600 | 2,438,400 | 3,139,200 | 3,100,600 | 2,540,100 | 2,423,000 | 2,436,800 | 2,569,800 | 2,266,200 | 2,166,700 | 2,050,000 | 1,963,000 | 1,883,000 | 1,423,200 |
| Total current liabilities | US$ in thousands | 269,300 | 317,600 | 658,400 | 593,700 | 633,800 | 768,900 | 814,300 | 802,800 | 716,500 | 660,700 | 656,700 | 611,700 | 664,600 | 674,200 | 647,300 | 293,400 | 283,000 | 286,700 | 304,200 | 316,800 |
| Current ratio | 5.90 | 5.20 | 3.13 | 4.53 | 4.38 | 3.20 | 3.06 | 3.04 | 4.38 | 4.69 | 3.87 | 3.96 | 3.67 | 3.81 | 3.50 | 7.38 | 7.24 | 6.85 | 6.19 | 4.49 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,590,100K ÷ $269,300K
= 5.90
The current ratio for Lumentum Holdings Inc has shown fluctuations over the past quarters. From December 2019 to June 2020, the current ratio has been relatively stable around 6.19 to 7.38, indicating a strong liquidity position. However, there was a significant decrease in the current ratio in December 2020 to March 2021, with a ratio of 3.50 to 3.81, which suggests a potential liquidity strain.
Subsequently, there was an improvement in the current ratio from June 2021 to September 2021, ranging from 3.87 to 4.69. However, the ratio dropped below 4 in December 2021, and further declined in March 2022 before showing an improvement in June 2022 to September 2022, ranging between 3.04 to 4.38.
The current ratio continued to increase from December 2022 to March 2023, signaling an enhanced liquidity position. However, there was a slight decrease in the ratio in June 2023 before rising again in September 2023. The current ratio peaked in March 2024 at 5.20 before reaching its highest point in June 2024 at 5.90, suggesting a strong current asset cushion to cover the short-term liabilities.
Overall, the current ratio trend of Lumentum Holdings Inc demonstrates fluctuations but generally reflects a healthy liquidity position with the recent ratios consistently above 3, indicating the company's ability to meet its short-term financial obligations.
Peer comparison
Jun 30, 2024