MaxLinear Inc (MXL)

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	323,442	328,260	397,581	444,679	488,025	508,607	554,491	593,586	563,124	562,975	538,624	454,576	404,104	418,280	378,108	344,980	361,718	350,053	190,578	180,609
Total current liabilities	US$ in thousands	182,284	168,597	190,277	223,854	222,129	232,910	241,729	300,162	341,086	351,318	316,081	234,795	207,395	231,274	211,789	197,637	233,661	211,374	69,964	62,428
Current ratio		1.77	1.95	2.09	1.99	2.20	2.18	2.29	1.98	1.65	1.60	1.70	1.94	1.95	1.81	1.79	1.75	1.55	1.66	2.72	2.89

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $323,442K ÷ $182,284K
= 1.77

MaxLinear Inc's current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024.

The current ratio stood at a healthy 2.89 as of March 31, 2020, indicating the company had more than enough current assets to cover its short-term obligations. Subsequently, the ratio decreased gradually to 1.55 by December 31, 2020, and continued to hover around 1.5 in the following quarters, suggesting a tighter liquidity position where current liabilities were closer to current assets.

From March 31, 2021, the current ratio began to improve, reaching 2.29 by June 30, 2023, showing a strengthened liquidity position within this period. However, the ratio slightly decreased to 1.77 by December 31, 2024. Overall, the current ratio fluctuated during the period, indicating varying levels of liquidity and short-term debt coverage for MaxLinear Inc.