Qualcomm Incorporated (QCOM)

Current ratio

Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019
Total current assets US$ in thousands 22,464,000 20,724,000 20,075,000 18,519,000 16,765,000
Total current liabilities US$ in thousands 9,628,000 11,866,000 11,951,000 8,672,000 8,935,000
Current ratio 2.33 1.75 1.68 2.14 1.88

September 30, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $22,464,000K ÷ $9,628,000K
= 2.33

The current ratio of Qualcomm Incorporated has shown fluctuations over the past five years. As of September 30, 2023, the current ratio stands at 2.33, indicating an improvement from the previous year. This implies that the company has $2.33 in current assets available to cover each dollar of current liabilities, reflecting a stronger liquidity position compared to the prior year. The upward trend in the current ratio suggests the company's ability to meet its short-term obligations has strengthened over the past year. However, historical data reveals some variability in the ratio, with fluctuations observed in earlier years. Overall, the current ratio of Qualcomm Incorporated as of September 30, 2023, points to a healthy liquidity position and the company's ability to manage its short-term financial obligations.


Peer comparison

Sep 30, 2023


See also:

Qualcomm Incorporated Current Ratio