Silicon Laboratories Inc (SLAB)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 737,931 | 1,461,360 | 2,238,570 | 975,821 | 943,859 |
| Total current liabilities | US$ in thousands | 163,570 | 185,776 | 668,827 | 284,498 | 137,701 |
| Current ratio | 4.51 | 7.87 | 3.35 | 3.43 | 6.85 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $737,931K ÷ $163,570K
= 4.51
The current ratio of Silicon Laboratories Inc has displayed fluctuations over the past five years. In 2023, the current ratio stood at 4.51, reflecting a decrease from 7.87 in 2022. This signifies that the company's current assets may not be as robust relative to its current liabilities compared to the prior year. However, the current ratio of 4.51 still indicates that Silicon Laboratories Inc has a relatively strong liquidity position, with current assets more than sufficient to cover current liabilities.
When compared to the ratios in 2021 (3.35) and 2020 (3.43), the current ratio in 2023 is notably higher, suggesting an improvement in the company's ability to meet short-term obligations. The current ratio in 2019 was 6.85, indicating a stronger liquidity position compared to 2023.
Overall, while the current ratio has decreased from the previous year, Silicon Laboratories Inc still appears to have a healthy liquidity position in 2023, with ample current assets to cover current liabilities, although not as strong as in some prior years.
Peer comparison
Dec 31, 2023