Qualcomm Incorporated (QCOM)

Current ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Total current assets	US$ in thousands	25,231,000	22,464,000	20,724,000	20,075,000	18,519,000
Total current liabilities	US$ in thousands	10,504,000	9,628,000	11,866,000	11,951,000	8,672,000
Current ratio		2.40	2.33	1.75	1.68	2.14

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $25,231,000K ÷ $10,504,000K
= 2.40

The current ratio of Qualcomm Incorporated has exhibited a generally positive trend over the past five years. As of Sep 30, 2024, the current ratio stands at 2.40, indicating an improved ability to cover short-term obligations with current assets. This ratio has shown improvement from the previous year, where it was recorded at 2.33. Moreover, comparing the current ratio to the ratios of the prior years, we observe a healthy increase from 1.75 in Sep 30, 2022, and 1.68 in Sep 30, 2021. The current ratio decreased slightly from 2.14 in Sep 30, 2020, but remains at a favorable level. Overall, the increasing trend in the current ratio suggests that Qualcomm Incorporated has been effectively managing its short-term liquidity position in recent years.