Plexus Corp (PLXS)

Current ratio

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	1,538,290	1,557,700	1,549,460
Total current liabilities	US$ in thousands	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	865,503	875,636	844,674
Current ratio		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	1.78	1.78	1.83

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,650,230K ÷ $1,743,560K
= 1.52

The current ratio of Plexus Corp has exhibited fluctuations over the past 20 quarters, ranging from a low of 1.40 to a high of 1.88. The ratio measures the company's ability to meet its short-term obligations with its current assets, indicating the firm's liquidity position. Generally, a current ratio above 1 suggests that the company has more current assets than current liabilities, signaling a healthy financial position.

Plexus Corp's current ratio has hovered around 1.5 in recent quarters, indicating the company has adequate current assets to cover its short-term liabilities. The ratio peaked at 1.88 in the first quarter of 2021, reflecting strong liquidity at that time. However, there was a slight decline in the ratio in subsequent quarters before stabilizing around the 1.5 level.

Overall, Plexus Corp's current ratio analysis suggests that the company has maintained a relatively stable liquidity position in recent periods, with the ability to meet its short-term obligations effectively.