Onto Innovation Inc (ONTO)
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 | 1,477,520 | 1,457,950 | 1,385,210 | 1,332,840 | 1,283,270 | 1,221,200 | 1,183,040 | 1,155,100 | 1,134,870 | 1,122,640 | 1,085,630 | 1,032,240 | 948,089 | 885,474 | 811,629 | 754,828 | 731,661 | 676,721 | 644,912 | 628,519 |
| Total current liabilities | US$ in thousands | 170,089 | 144,736 | 148,420 | 147,053 | 147,726 | 135,758 | 136,937 | 148,418 | 160,558 | 169,553 | 176,667 | 184,679 | 154,526 | 148,617 | 133,168 | 126,412 | 120,091 | 97,231 | 98,715 | 94,328 |
| Current ratio | 8.69 | 10.07 | 9.33 | 9.06 | 8.69 | 9.00 | 8.64 | 7.78 | 7.07 | 6.62 | 6.15 | 5.59 | 6.14 | 5.96 | 6.09 | 5.97 | 6.09 | 6.96 | 6.53 | 6.66 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,477,520K ÷ $170,089K
= 8.69
Onto Innovation Inc's current ratio has exhibited a generally increasing trend over the analyzed period from March 31, 2020, to December 31, 2024. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
The company's current ratio started at a healthy level of 6.66 on March 31, 2020, indicating a strong ability to pay off its short-term obligations. Over the following quarters, the current ratio remained consistently above 6, showing a stable liquidity position.
However, there was a slight dip in the current ratio to 5.59 on March 31, 2022, reflecting a lower ability to cover short-term liabilities with current assets compared to previous periods. The current ratio improved in subsequent quarters and reached a peak of 10.07 on September 30, 2024, indicating a significant increase in liquidity.
Overall, Onto Innovation Inc's current ratio demonstrates a strong liquidity position, with fluctuations observed throughout the analyzed period but generally trending upwards, which reflects a favorable ability to meet short-term financial obligations.
Peer comparison
Dec 31, 2024