Plexus Corp (PLXS)
Current ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,672,220 | 2,816,120 | 1,930,890 | 1,779,160 | 1,538,290 |
| Total current liabilities | US$ in thousands | 1,812,670 | 2,006,190 | 1,128,700 | 1,003,520 | 865,503 |
| Current ratio | 1.47 | 1.40 | 1.71 | 1.77 | 1.78 |
September 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,672,220K ÷ $1,812,670K
= 1.47
The current ratio of Plexus Corp. has shown a downward trend over the past five years, decreasing from 1.78 in September 2019 to 1.47 in September 2023. This indicates a reduction in the company's ability to cover its short-term liabilities with its current assets. The current ratio was at its lowest in October 2022 at 1.40, suggesting a potential liquidity issue during that period. While the current ratio improved in 2023 compared to the previous year, it is important to monitor this trend closely to ensure that Plexus Corp. maintains a healthy level of liquidity to meet its short-term obligations.
Peer comparison
Sep 30, 2023