Monolithic Power Systems Inc (MPWR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,565,050 | 1,819,500 | 1,410,620 | 1,124,850 | 841,998 |
| Total current liabilities | US$ in thousands | 294,567 | 235,035 | 263,400 | 226,944 | 146,969 |
| Current ratio | 5.31 | 7.74 | 5.36 | 4.96 | 5.73 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,565,050K ÷ $294,567K
= 5.31
The current ratio of Monolithic Power Systems Inc has shown a fluctuating trend over the past five years, starting at 5.73 in December 31, 2020, declining to 4.96 in December 31, 2021, and then gradually increasing to 5.36 in December 31, 2022. Subsequently, there was a significant rise to 7.74 in December 31, 2023, reflecting a strong short-term liquidity position. However, by December 31, 2024, the current ratio decreased slightly to 5.31.
Overall, Monolithic Power Systems Inc has maintained a current ratio above 1, indicating the company's ability to cover its short-term obligations with its current assets. The company's current ratio has been relatively healthy and stable, providing a buffer for potential liquidity challenges that may arise in the short term.
Peer comparison
Dec 31, 2024