Rambus Inc (RMBS)
Current ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 630,645 | 550,625 | 536,465 | 492,763 | 527,214 | 474,177 | 581,146 | 545,112 | 684,364 | 624,759 | 678,985 | 724,336 | 699,712 | 725,034 | 707,796 | 678,756 | 664,679 | 656,449 | 640,904 | 545,012 |
| Total current liabilities | US$ in thousands | 89,121 | 84,196 | 101,444 | 96,174 | 126,709 | 116,431 | 161,444 | 168,402 | 267,267 | 95,175 | 81,426 | 80,402 | 85,864 | 90,882 | 83,458 | 80,063 | 86,179 | 88,293 | 84,424 | 69,276 |
| Current ratio | 7.08 | 6.54 | 5.29 | 5.12 | 4.16 | 4.07 | 3.60 | 3.24 | 2.56 | 6.56 | 8.34 | 9.01 | 8.15 | 7.98 | 8.48 | 8.48 | 7.71 | 7.43 | 7.59 | 7.87 |
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 a consistent positive trend over the past eight quarters, indicating a strong ability to cover its short-term obligations with its current assets. The company's current ratio has steadily increased from 3.24 in Q1 2022 to 7.08 in Q4 2023, reflecting a significant improvement in liquidity and short-term financial health.
Rambus Inc.'s current ratio exceeded 5 in each of the last four quarters, signaling a comfortable liquidity position and the ability to meet its short-term liabilities with ease. The current ratio peaked at 7.08 in Q4 2023, indicating that the company had $7.08 in current assets for every dollar of current liabilities, which is a strong indicator of financial stability.
The consistent improvement in the current ratio reflects efficient management of working capital and prudent financial planning by Rambus Inc. The company appears to have a robust balance sheet with ample liquidity to support its day-to-day operations and meet its financial obligations in the short term. Overall, the increasing trend in the current ratio suggests a positive financial position for Rambus Inc.
Peer comparison
Dec 31, 2023