SolarEdge Technologies Inc (SEDG)

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	2,118,120	2,893,200	2,989,070	3,304,310	3,363,470	3,449,120	3,242,070	2,899,660	2,451,770	2,283,810	2,462,320	1,711,290	1,552,550	1,488,910	1,585,110	1,719,340	1,744,980	1,073,000	955,919	932,763
Total current liabilities	US$ in thousands	903,812	566,824	658,890	893,231	876,651	897,729	900,042	889,717	694,480	612,174	568,741	525,181	405,507	399,585	397,726	436,099	382,537	405,065	389,681	436,714
Current ratio		2.34	5.10	4.54	3.70	3.84	3.84	3.60	3.26	3.53	3.73	4.33	3.26	3.83	3.73	3.99	3.94	4.56	2.65	2.45	2.14

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,118,120K ÷ $903,812K
= 2.34

SolarEdge Technologies Inc's current ratio has shown some fluctuations over the 20 quarters provided. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio higher than 1 indicates that the company has more current assets than current liabilities.

Based on the data provided, the current ratio of SolarEdge Technologies Inc has mostly been above 3, indicating a healthy financial position in terms of liquidity. The current ratio peaked at 5.10 in June 2024 and has generally stayed above 3 in recent quarters. This indicates that the company has a strong ability to meet its short-term obligations using its current assets.

However, there have been some quarters where the current ratio dipped below 3, such as in December 2021 and September 2020. This may suggest potential challenges in meeting short-term obligations in those specific periods.

Overall, the trend of the current ratio for SolarEdge Technologies Inc shows a generally healthy liquidity position, with fluctuations seen but mostly maintaining a level above 3, indicating a strong ability to cover short-term liabilities with current assets.