Rambus Inc (RMBS)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 630,645 | 527,214 | 684,364 | 699,712 | 664,679 |
| Total current liabilities | US$ in thousands | 89,121 | 126,709 | 267,267 | 85,864 | 86,179 |
| Current ratio | 7.08 | 4.16 | 2.56 | 8.15 | 7.71 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $630,645K ÷ $89,121K
= 7.08
The current ratio of Rambus Inc. has shown fluctuations over the past five years. The ratio was 7.08 as of December 31, 2023, representing a significant increase compared to the previous year's ratio of 4.16 as of December 31, 2022. This indicates that Rambus Inc. had a higher level of current assets relative to current liabilities in 2023, suggesting a stronger short-term liquidity position.
In 2021, the current ratio was 2.56, displaying a moderate level of liquidity compared to 2020, where the ratio was 8.15, reflecting a much stronger liquidity position. Similarly, in 2019, the current ratio was 7.71, indicating a relatively stable liquidity position similar to 2023.
Overall, the trend in the current ratio of Rambus Inc. shows variability, with fluctuations in liquidity levels over the years. The notable increase in the current ratio in 2023 compared to the prior year suggests an improved ability to meet short-term obligations using current assets. However, further analysis is recommended to understand the reasons behind these fluctuations and assess the company's overall financial health.
Peer comparison
Dec 31, 2023