Qualcomm Incorporated (QCOM)

Current ratio

		Sep 30, 2024	Jun 23, 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	Dec 31, 2019
Total current assets	US$ in thousands	25,231,000	23,332,000	24,232,000	23,439,000	22,464,000	20,476,000	19,073,000	21,098,000	20,724,000	18,999,000	21,610,000	20,222,000	20,075,000	19,693,000	18,299,000	19,792,000	18,519,000	15,558,000	15,313,000	16,205,000
Total current liabilities	US$ in thousands	10,504,000	9,747,000	9,143,000	9,169,000	9,628,000	8,463,000	7,866,000	10,081,000	11,866,000	11,829,000	13,432,000	12,273,000	11,951,000	11,460,000	9,070,000	9,223,000	8,672,000	7,914,000	9,774,000	9,194,000
Current ratio		2.40	2.39	2.65	2.56	2.33	2.42	2.42	2.09	1.75	1.61	1.61	1.65	1.68	1.72	2.02	2.15	2.14	1.97	1.57	1.76

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 shown fluctuations over the historical periods provided. The current ratio, which is a measure of a company's ability to cover its short-term obligations with its current assets, was 2.40 as of September 30, 2024, indicating that the company had $2.40 in current assets for every $1 in current liabilities.

The current ratio has generally been above 2 in recent quarters, suggesting that Qualcomm has a healthy level of current assets relative to its current liabilities. This indicates the company's ability to meet its short-term financial obligations without much difficulty.

The current ratio peaked at 2.65 in March 31, 2024, and hit a low of 1.57 in December 31, 2019. The current ratio has generally shown an increasing trend since 2019, indicating an improvement in Qualcomm's short-term liquidity position.

Overall, the current ratio analysis suggests that Qualcomm has been effectively managing its short-term financial obligations, with a comfortable level of current assets to cover its current liabilities in recent quarters. It is essential to continue monitoring the current ratio to ensure the company maintains a healthy liquidity position for sustained financial stability.