Sanmina Corporation (SANM)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,870,430 | 3,879,570 | 3,890,620 | 3,271,400 | 2,819,440 |
| Total current liabilities | US$ in thousands | 1,940,680 | 2,033,330 | 2,471,420 | 1,762,990 | 1,522,590 |
| Current ratio | 1.99 | 1.91 | 1.57 | 1.86 | 1.85 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,870,430K ÷ $1,940,680K
= 1.99
The current ratio of Sanmina Corporation has exhibited some fluctuations over the past five years. As of September 30, 2024, the current ratio stood at 1.99, representing an improvement compared to the previous year's ratio of 1.91. This indicates that Sanmina has $1.99 in current assets for every $1 in current liabilities, suggesting a stronger ability to cover short-term obligations.
Looking back at the trend, the current ratio was relatively low in September 2022 at 1.57, which could have raised concerns about the company's short-term liquidity position. However, Sanmina managed to improve its current ratio in the following years.
Comparing the current ratio to September 2021 and September 2020, we see a slight increase from 1.86 to 1.85, indicating relatively stable liquidity positions in those years.
Overall, Sanmina Corporation's current ratio has shown fluctuations in recent years, but the upward trajectory in 2024 suggests an improved liquidity position. It will be important to monitor this ratio in the future to assess the company's ability to meet its short-term obligations.
Peer comparison
Sep 30, 2024