Lattice Semiconductor Corporation (LSCC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 367,946 | 379,167 | 301,351 | 333,843 | 262,430 |
| Total current liabilities | US$ in thousands | 97,400 | 127,373 | 106,181 | 79,731 | 99,819 |
| Current ratio | 3.78 | 2.98 | 2.84 | 4.19 | 2.63 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $367,946K ÷ $97,400K
= 3.78
The current ratio of Lattice Semiconductor Corporation has shown variations over the past five years. It increased from 2.63 in 2019 to 4.19 in 2020, indicating a significant improvement in the company's short-term liquidity position. However, the ratio dropped to 2.84 in 2021 and further decreased to 2.98 in 2022. The current ratio then rebounded to 3.78 in 2023.
A current ratio above 1 indicates that the company has more current assets than current liabilities to cover its short-term obligations. A higher current ratio generally suggests better liquidity and financial health. Lattice Semiconductor Corporation's current ratio has generally remained above 2 over the years, reflecting a relatively strong liquidity position. The notable increase in 2020 signified a substantial improvement in short-term liquidity, which was followed by fluctuations in the subsequent years.
Overall, while Lattice Semiconductor Corporation has maintained a healthy current ratio above 2 in most years, investors and stakeholders should pay attention to changes in the ratio to assess the company's ability to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023