Proto Labs Inc (PRLB)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 194,854 | 200,660 | 186,568 | 183,492 | 242,002 |
| Total current liabilities | US$ in thousands | 53,271 | 49,681 | 71,581 | 54,896 | 50,254 |
| Current ratio | 3.66 | 4.04 | 2.61 | 3.34 | 4.82 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $194,854K ÷ $53,271K
= 3.66
Proto Labs Inc's current ratio has shown a declining trend from 2020 to 2022, decreasing from 4.82 to 2.61. This indicates a potential deterioration in the company's ability to meet its short-term obligations with its current assets during this period. However, there was a notable improvement in 2023, where the current ratio increased to 4.04, signaling a better liquidity position. In 2024, the current ratio slightly decreased to 3.66 but still remained above 3, suggesting a reasonably good ability to cover short-term liabilities with current assets. Overall, the current ratio fluctuated over the years but generally remained at a level that indicates a satisfactory liquidity position for Proto Labs Inc.
Peer comparison
Dec 31, 2024