Proto Labs Inc (PRLB)
Current ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 194,854 | 193,074 | 207,623 | 210,420 | 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 |
| Total current liabilities | US$ in thousands | 53,271 | 53,758 | 50,946 | 58,436 | 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 |
| Current ratio | 3.66 | 3.59 | 4.08 | 3.60 | 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 |
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 fluctuations over the past several quarters. The current ratio, a measure of the company's ability to cover its short-term liabilities with its current assets, was relatively stable in the range of 4 to 4.82 from March 31, 2020, to December 31, 2021, indicating a strong liquidity position. However, there was a noticeable decrease in the current ratio from March 31, 2021, to June 30, 2022, where it ranged from 2.65 to 2.68, suggesting a potential strain on the company's short-term liquidity.
Subsequently, there was an improvement in the current ratio from September 30, 2022, to December 31, 2023, ranging from 3.12 to 4.04, indicating a recovery in the company's liquidity position. However, the current ratio declined again in the following quarters, ranging from 2.41 to 3.66 as of December 31, 2024.
In conclusion, Proto Labs Inc's current ratio has displayed some volatility, with periods of strong liquidity followed by fluctuations that may warrant further investigation into the company's management of working capital and short-term cash flows. Monitoring this ratio going forward will be important to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024