Plexus Corp (PLXS)

Current ratio

		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	Dec 31, 2019
Total current assets	US$ in thousands	2,477,150	2,540,850	2,631,050	2,650,230	2,672,220	2,799,290	2,780,270	2,814,300	2,816,120	2,654,420	2,434,970	2,161,480	1,930,890	1,811,740	1,727,340	1,758,350	1,779,160	1,787,790	1,594,730	1,593,390
Total current liabilities	US$ in thousands	1,643,290	1,724,710	1,736,840	1,743,560	1,812,670	1,940,980	1,917,860	1,954,460	2,006,190	1,860,740	1,659,140	1,366,480	1,128,700	1,001,560	919,273	955,456	1,003,520	1,037,620	900,857	889,851
Current ratio		1.51	1.47	1.51	1.52	1.47	1.44	1.45	1.44	1.40	1.43	1.47	1.58	1.71	1.81	1.88	1.84	1.77	1.72	1.77	1.79

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,477,150K ÷ $1,643,290K
= 1.51

The current ratio of Plexus Corp has exhibited some fluctuation over the past years, but overall indicates a strong ability to meet its short-term obligations with its current assets.

The current ratio has been above 1 for all periods, suggesting that the company's current assets are more than sufficient to cover its current liabilities. The current ratio has ranged from 1.40 to 1.88 over the past several years, with the lowest ratio observed in Q3 2022 and the highest in Q1 2021.

Although the current ratio has shown variability, it has generally remained above 1.5 in recent periods, indicating a comfortable buffer for meeting short-term obligations. This may suggest effective management of working capital and liquidity within the company.

Overall, based on the current ratio trend, Plexus Corp appears to have a healthy liquidity position and the ability to manage its short-term financial obligations effectively.