Silicon Laboratories Inc (SLAB)
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 | 737,931 | 773,535 | 820,977 | 1,460,740 | 1,461,360 | 1,625,640 | 1,709,960 | 2,123,400 | 2,238,570 | 2,920,150 | 1,161,000 | 860,931 | 975,821 | 937,649 | 917,437 | 1,248,040 | 943,859 | 895,166 | 847,642 | 814,488 |
| Total current liabilities | US$ in thousands | 163,570 | 165,143 | 218,546 | 693,331 | 185,776 | 205,701 | 232,119 | 246,208 | 668,827 | 458,375 | 154,882 | 150,799 | 284,498 | 151,146 | 135,000 | 446,733 | 137,701 | 132,036 | 131,037 | 134,755 |
| Current ratio | 4.51 | 4.68 | 3.76 | 2.11 | 7.87 | 7.90 | 7.37 | 8.62 | 3.35 | 6.37 | 7.50 | 5.71 | 3.43 | 6.20 | 6.80 | 2.79 | 6.85 | 6.78 | 6.47 | 6.04 |
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 several quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position.
Looking at the data, we can observe that the current ratio has been above 1 consistently, indicating that Silicon Laboratories Inc has sufficient current assets to cover its current liabilities. The company's current ratio saw a significant decline from March 2023 to June 2023, dropping to 2.11, which may raise some concerns about its short-term liquidity position during that period.
However, the current ratio bounced back in the following quarters, reaching 4.68 in September 2023 and 4.51 in December 2023, indicating an improvement in the company's ability to meet its short-term obligations. Overall, the current ratio of Silicon Laboratories Inc has shown a general upward trend, with some fluctuations, which suggests that the company has maintained a satisfactory level of liquidity over the analyzed period.
Peer comparison
Dec 31, 2023