MKS Instruments Inc (MKSI)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,696,000 | 2,794,000 | 2,147,000 | 1,804,400 | 1,433,500 |
| Total current liabilities | US$ in thousands | 848,000 | 952,000 | 460,000 | 373,900 | 317,700 |
| Current ratio | 3.18 | 2.93 | 4.67 | 4.83 | 4.51 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,696,000K ÷ $848,000K
= 3.18
The current ratio of MKS Instruments Inc has shown a decreasing trend over the past five years, with a current ratio of 3.18 in 2023, compared to 2.93 in 2022, 4.67 in 2021, 4.83 in 2020, and 4.51 in 2019.
A current ratio above 1 indicates that a company can cover its short-term liabilities with its current assets. MKS Instruments Inc has consistently maintained a current ratio well above 1, indicating a strong ability to meet its short-term obligations.
The current ratio has fluctuated over the years, with the highest ratio observed in 2021 at 4.67 and the lowest in 2023 at 3.18. The decreasing trend in the current ratio from 2021 to 2023 may indicate a potential decrease in liquidity or a change in the company's current asset and liability structure. It is important for investors and stakeholders to monitor the current ratio over time to assess the company's short-term liquidity and financial health.
Peer comparison
Dec 31, 2023