SanDisk Corp (SNDK)
Current ratio
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,659,790 | 4,200,120 | 4,650,720 | 4,606,360 | — |
| Total current liabilities | US$ in thousands | 2,003,480 | 2,190,880 | 1,230,580 | 1,881,670 | 1,093,370 |
| Current ratio | 2.82 | 1.92 | 3.78 | 2.45 | 0.00 |
December 31, 2015 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,659,790K ÷ $2,003,480K
= 2.82
The current ratio of SanDisk Corp has shown varied trends over the past five years. In 2011, the current ratio was remarkably low at 0.00, indicating potential liquidity issues. However, the ratio improved significantly in the following years, reaching 2.45 in 2012 and further increasing to 3.78 in 2013, suggesting a healthier liquidity position.
There was a slight decline in the current ratio in 2014 to 1.92, which may raise some concerns about the company's ability to cover its short-term obligations. Nonetheless, SanDisk Corp managed to improve its liquidity position again in 2015 with a current ratio of 2.82, indicating a stronger ability to meet its short-term liabilities with current assets.
Overall, the fluctuating current ratio of SanDisk Corp highlights the company's varying liquidity positions over the years, with notable improvements in some periods and potential challenges in others. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's short-term financial health.
Peer comparison
Dec 31, 2015