Sonos Inc (SONO)
Current ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 551,086 | 604,456 | 582,907 | 758,886 | 659,631 | 708,085 | 736,839 | 882,057 | 867,391 | 923,464 | 1,010,710 | 1,160,370 | 957,514 | 911,694 | 880,153 | 900,918 | 660,377 | 487,027 | 464,025 | 688,607 |
| Total current liabilities | US$ in thousands | 366,153 | 366,881 | 303,217 | 376,001 | 354,218 | 344,504 | 352,157 | 477,639 | 535,639 | 505,220 | 463,736 | 599,262 | 476,130 | 400,919 | 371,071 | 455,764 | 393,015 | 257,694 | 213,199 | 375,120 |
| Current ratio | 1.51 | 1.65 | 1.92 | 2.02 | 1.86 | 2.06 | 2.09 | 1.85 | 1.62 | 1.83 | 2.18 | 1.94 | 2.01 | 2.27 | 2.37 | 1.98 | 1.68 | 1.89 | 2.18 | 1.84 |
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 fluctuated over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
From September 2021 to March 2023, the current ratio showed a generally upward trend, peaking at 2.09 in March 2023. This indicated strong liquidity and ability to meet short-term obligations.
However, from March 2023 to December 2023, there was a slight decline in the current ratio, suggesting a potential decrease in liquidity. The ratio recovered slightly in March 2024, but remained below the peak levels seen in early 2023.
As of September 2024, the current ratio stands at 1.51, which is lower compared to previous periods. This may raise some concerns about the company's ability to cover its short-term liabilities with current assets. Further analysis of the components of current assets and liabilities may be needed to fully assess Sonos Inc's liquidity position.
Peer comparison
Sep 30, 2024