NXP Semiconductors NV (NXPI)
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 | 7,305,000 | 7,026,000 | 6,880,000 | 6,894,000 | 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 |
| Total current liabilities | US$ in thousands | 3,098,000 | 2,992,000 | 3,112,000 | 2,928,000 | 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 |
| Current ratio | 2.36 | 2.35 | 2.21 | 2.35 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,305,000K ÷ $3,098,000K
= 2.36
NXP Semiconductors NV has maintained a relatively stable current ratio over the reported periods from March 31, 2020, to December 31, 2024. The current ratio is a measure of a company's ability to meet its short-term obligations using its current assets.
The trend in NXP's current ratio shows some fluctuations but generally remains above 1, indicating that the company has more current assets than current liabilities, which is a positive sign. A ratio above 1 suggests that the company can cover its short-term obligations comfortably.
Specifically, the current ratio ranged from a low of 1.37 on September 30, 2021, to a high of 2.36 on December 31, 2024. The highest current ratio values imply NXP had a strong liquidity position at those points in time, while the lowest value may indicate a temporary strain on the company's ability to meet its short-term debts.
Overall, the current ratio of NXP Semiconductors NV has demonstrated fluctuations but remained mostly above 1, indicating a generally healthy liquidity position over the analyzed periods. Investors and stakeholders may find this information reassuring as it suggests the company is managing its short-term obligations effectively.
Peer comparison
Dec 31, 2024