MaxLinear Inc (MXL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 488,025 | 563,124 | 404,104 | 361,718 | 181,770 |
| Total current liabilities | US$ in thousands | 222,129 | 341,086 | 207,395 | 233,661 | 66,562 |
| Current ratio | 2.20 | 1.65 | 1.95 | 1.55 | 2.73 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $488,025K ÷ $222,129K
= 2.20
The current ratio of MaxLinear Inc has fluctuated over the past five years, ranging from 1.55 to 2.73. The ratio measures the company's ability to meet short-term obligations with its current assets, with a higher ratio indicating stronger liquidity. In 2023, the current ratio improved to 2.20 from 1.65 in 2022, signaling a significant increase in the company's short-term liquidity position. This suggests that MaxLinear Inc has a better ability to cover its short-term liabilities with its current assets in 2023 compared to the previous year. However, it is important to consider other factors such as the composition and quality of current assets to assess the overall liquidity of the company.
Peer comparison
Dec 31, 2023