Proto Labs Inc (PRLB)
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 | 200,660 | 204,511 | 185,152 | 188,716 | 186,568 | 192,357 | 190,676 | 188,212 | 183,492 | 172,123 | 167,513 | 158,516 | 242,002 | 231,113 | 212,967 | 212,474 | 236,419 | 229,617 | 219,316 | 202,751 |
| Total current liabilities | US$ in thousands | 49,681 | 74,628 | 66,221 | 78,380 | 71,581 | 60,720 | 58,916 | 60,251 | 54,896 | 56,063 | 62,417 | 59,849 | 50,254 | 51,693 | 51,103 | 47,297 | 47,581 | 54,808 | 51,433 | 41,443 |
| Current ratio | 4.04 | 2.74 | 2.80 | 2.41 | 2.61 | 3.17 | 3.24 | 3.12 | 3.34 | 3.07 | 2.68 | 2.65 | 4.82 | 4.47 | 4.17 | 4.49 | 4.97 | 4.19 | 4.26 | 4.89 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $200,660K ÷ $49,681K
= 4.04
Proto Labs Inc's current ratio has shown fluctuation over the past eight quarters. The current ratio is a measure of a company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that a company has more current assets than current liabilities.
In Q4 2023, the current ratio increased substantially to 4.04, indicating a strong ability to cover short-term obligations with current assets. This significant increase from the previous quarter suggests improved liquidity and financial health.
In the preceding quarters, the current ratio ranged between 2.41 and 3.24, showing consistent but varying levels of liquidity. While the current ratio dropped to as low as 2.41 in Q1 2023, it remained above 2 in all quarters, indicating a generally healthy liquidity position.
Overall, Proto Labs Inc's current ratio has demonstrated a trend of maintaining a ratio above 2, signaling sufficient liquidity to meet short-term obligations. The recent spike in Q4 2023 suggests a notably strengthened liquidity position, which may indicate effective management of current assets and liabilities.
Peer comparison
Dec 31, 2023