MACOM Technology Solutions Holdings Inc (MTSI)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 903,078 | 761,193 | 813,083 | 521,536 | 481,519 |
| Total current liabilities | US$ in thousands | 108,184 | 83,525 | 97,214 | 93,044 | 94,950 |
| Current ratio | 8.35 | 9.11 | 8.36 | 5.61 | 5.07 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $903,078K ÷ $108,184K
= 8.35
The current ratio of MACOM Technology Solutions Holdings Inc has shown a generally increasing trend over the past five years, ranging from 5.07 in 2020 to 8.35 in 2024. This indicates the company's ability to easily cover its short-term obligations with its current assets. A higher current ratio is typically considered more favorable as it suggests that the company has a stronger liquidity position.
In 2024, the current ratio of 8.35 indicates that for every dollar of current liabilities, MACOM Technology Solutions Holdings Inc has $8.35 of current assets available to meet those obligations. This suggests a very healthy liquidity position for the company, reflecting its ability to comfortably meet its short-term financial commitments.
Overall, the consistent improvement in the current ratio over the years reflects positively on MACOM Technology Solutions Holdings Inc's financial health and its capacity to manage short-term financial obligations efficiently.
Peer comparison
Sep 30, 2024