PDF Solutions Inc (PDFS)
Current ratio
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 197,848 | 193,408 | 188,507 | 193,380 | 147,576 |
Total current liabilities | US$ in thousands | 50,843 | 58,200 | 43,826 | 42,205 | 27,996 |
Current ratio | 3.89 | 3.32 | 4.30 | 4.58 | 5.27 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $197,848K ÷ $50,843K
= 3.89
The current ratio of PDF Solutions Inc. has shown a fluctuating trend over the past five years. The company's current ratio was 3.89 as of December 31, 2023, which indicates that the company had $3.89 in current assets available to cover every $1 in current liabilities. This shows an improvement from the previous year's ratio of 3.32, suggesting a stronger liquidity position.
Looking further back, the current ratio was 4.30 in 2021, 4.58 in 2020, and 5.27 in 2019. The declining trend from 2019 to 2023 indicates a potential decrease in the company's ability to meet its short-term obligations with its current assets over the years.
Overall, while the current ratio of PDF Solutions Inc. has improved in 2023 compared to the previous year, it is essential to monitor this trend closely to ensure the company maintains a healthy liquidity position and can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023