NXP Semiconductors NV (NXPI)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Dec 31, 2018
Total current assets	US$ in thousands	7,864,000	7,616,000	7,447,000	7,357,000	6,935,000	6,703,000	6,320,000	5,275,000	5,228,000	4,721,000	5,291,000	4,024,000	4,324,000	5,604,000	5,215,000	3,249,000	3,267,000	5,944,000	5,225,000
Total current liabilities	US$ in thousands	4,111,000	3,964,000	4,085,000	4,213,000	3,270,000	3,219,000	2,941,000	2,845,000	2,452,000	3,438,000	2,336,000	2,265,000	2,017,000	3,411,000	2,992,000	1,831,000	1,791,000	3,126,000	3,385,000
Current ratio		1.91	1.92	1.82	1.75	2.12	2.08	2.15	1.85	2.13	1.37	2.26	1.78	2.14	1.64	1.74	1.77	1.82	1.90	1.54

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $7,864,000K ÷ $4,111,000K
= 1.91

The current ratio, which is a measure of a company's ability to cover its short-term liabilities with its short-term assets, for NXP Semiconductors NV has shown fluctuations over the past eight quarters.

In Q4 2023, the current ratio was at 1.91, slightly lower than in the previous quarter but still above 1.5, indicating that the company had $1.91 in current assets to cover every $1 of current liabilities. The trend over the past year has been relatively stable, with ratios ranging from 1.75 to 2.15.

Overall, NXP Semiconductors NV has maintained a current ratio above 1, signaling that the company has been able to meet its short-term obligations comfortably. However, investors and analysts should continue to monitor this ratio to assess the company's liquidity position and its ability to manage short-term financial obligations effectively.