Onto Innovation Inc (ONTO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,477,520 | 1,283,270 | 1,134,870 | 948,089 | 731,661 |
| Total current liabilities | US$ in thousands | 170,089 | 147,726 | 160,558 | 154,526 | 120,091 |
| Current ratio | 8.69 | 8.69 | 7.07 | 6.14 | 6.09 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,477,520K ÷ $170,089K
= 8.69
The current ratio of Onto Innovation Inc has exhibited a consistent upward trend over the past five years, starting at 6.09 in December 31, 2020, and reaching 8.69 by December 31, 2024. This trend suggests that the company's ability to meet its short-term financial obligations has been strengthening over time. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign of financial health and liquidity. Onto Innovation Inc's current ratio indicates a healthy liquidity position and a strong ability to cover its short-term obligations with current assets.
Peer comparison
Dec 31, 2024