Semtech Corporation (SMTC)

Current ratio

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Jan 28, 2024	Oct 31, 2023	Oct 29, 2023	Jul 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 31, 2023	Jan 29, 2023	Oct 31, 2022	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Apr 30, 2022	Jan 31, 2022	Jan 30, 2022
Total current assets	US$ in thousands	585,500	557,786	541,743	539,272	534,197	534,197	572,404	572,404	629,938	629,938	664,399	722,786	722,786	835,232	835,232	577,086	495,423	495,423	502,295	502,295
Total current liabilities	US$ in thousands	283,000	235,491	224,673	224,891	217,156	217,156	238,997	238,997	321,057	321,057	309,756	396,855	396,855	140,093	140,093	140,129	110,416	110,416	128,399	128,399
Current ratio		2.07	2.37	2.41	2.40	2.46	2.46	2.40	2.40	1.96	1.96	2.14	1.82	1.82	5.96	5.96	4.12	4.49	4.49	3.91	3.91

January 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $585,500K ÷ $283,000K
= 2.07

Semtech Corporation's current ratio has shown some fluctuations over the past few years. As of January 31, 2025, the current ratio stands at 2.07, indicating the company's ability to meet its short-term liabilities with its current assets. It is important to note that the current ratio has decreased gradually from a peak of 5.96 in October 2022 to the current level. A current ratio above 1 suggests that Semtech has more than enough current assets to cover its current liabilities, which is generally a positive sign of financial health. However, the current ratio has decreased notably in recent periods, which may indicate a potential liquidity challenge or a shift in the company's current asset composition. Further analysis of Semtech's current asset management and liquidity position would be beneficial to better understand the factors influencing the current ratio trend.