Sanmina Corporation (SANM)

Current ratio

		Sep 30, 2024	Jun 30, 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	3,870,430	3,693,340	3,697,480	3,630,260	3,879,570	3,953,020	4,034,960	727,314	3,890,620	3,835,980	3,747,150	3,587,200	3,271,400	3,065,830	2,845,950	2,842,880	2,819,440	3,500,110	3,363,300	2,805,240
Total current liabilities	US$ in thousands	1,940,680	1,821,560	1,847,760	1,822,120	2,033,330	2,157,860	2,254,990	2,570,600	2,471,420	2,462,660	2,298,020	2,096,670	1,762,990	1,587,360	1,418,600	1,473,450	1,522,590	2,213,040	2,131,080	1,530,130
Current ratio		1.99	2.03	2.00	1.99	1.91	1.83	1.79	0.28	1.57	1.56	1.63	1.71	1.86	1.93	2.01	1.93	1.85	1.58	1.58	1.83

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 shown some fluctuations over the past few quarters, ranging from a low of 0.28 to a high of 2.03. Generally, the current ratio has been above 1, indicating that the company has more current assets than current liabilities to cover its short-term obligations.

In the most recent quarter, the current ratio stands at 1.99, suggesting that the company has slightly more current assets than current liabilities. This indicates a healthy liquidity position, as a current ratio above 1 typically signifies that a company can meet its short-term debt obligations.

Overall, the trend in the current ratio for Sanmina Corporation has been relatively stable, showing minor variations across different reporting periods. However, investors and analysts should continue to monitor the current ratio along with other financial metrics to assess the company's liquidity and financial health accurately.