Sonos Inc (SONO)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 551,086 | 659,631 | 867,391 | 957,514 | 660,377 |
| Total current liabilities | US$ in thousands | 366,153 | 354,218 | 535,639 | 476,130 | 393,015 |
| Current ratio | 1.51 | 1.86 | 1.62 | 2.01 | 1.68 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $551,086K ÷ $366,153K
= 1.51
The current ratio of Sonos Inc has shown some fluctuations over the past five years. The ratio decreased from 2.01 in 2021 to 1.51 in 2024, indicating a decrease in the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that a company has more current assets than current liabilities, which is generally considered a good sign. However, a lower current ratio may suggest potential liquidity issues or difficulty in managing short-term obligations. It is important to assess the trend in the current ratio over time and compare it with industry benchmarks to get a more comprehensive understanding of Sonos Inc's financial health.
Peer comparison
Sep 30, 2024