Monolithic Power Systems Inc (MPWR)

Current ratio

		Dec 31, 2024	Sep 30, 2024	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
Total current assets	US$ in thousands	1,565,050	2,160,450	1,997,430	1,976,490	1,819,500	1,735,380	1,632,350	1,622,630	1,410,620	1,323,460	1,332,090	1,247,140	1,124,850	1,064,490	950,080	922,430	841,998	819,143	748,864	704,785
Total current liabilities	US$ in thousands	294,567	336,588	295,159	311,880	235,035	250,018	250,841	315,843	263,400	290,988	254,487	272,528	226,944	227,663	182,731	187,909	146,969	158,278	136,785	112,495
Current ratio		5.31	6.42	6.77	6.34	7.74	6.94	6.51	5.14	5.36	4.55	5.23	4.58	4.96	4.68	5.20	4.91	5.73	5.18	5.47	6.27

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,565,050K ÷ $294,567K
= 5.31

Monolithic Power Systems Inc's current ratio has shown fluctuations over the reported periods. The ratio has generally remained above 4, indicating a healthy level of liquidity. The trend indicates the company has the ability to meet its short-term obligations comfortably.

The current ratio peaked at 7.74 on December 31, 2023, reflecting strong short-term liquidity. However, the ratio decreased to 4.55 on September 30, 2022, before increasing again. The current ratio saw significant improvement from the end of 2022 to the middle of 2024, ranging between 5.31 and 6.77.

Overall, the current ratio for Monolithic Power Systems Inc has demonstrated fluctuations, but the company has maintained a sufficiently high level of current assets to cover its short-term liabilities throughout the observed periods.