Sonos Inc (SONO)
Current ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 679,109 |
| Total current liabilities | US$ in thousands | 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 | 402,474 |
| Current ratio | 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 | 1.69 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $604,456K ÷ $366,881K
= 1.65
The current ratio of Sonos Inc has fluctuated over the past several quarters, ranging from a low of 1.62 to a high of 2.37. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive sign of liquidity.
Looking at the trend, the current ratio has generally been above 1.5, indicating that Sonos Inc has had a comfortable buffer to meet its short-term obligations. However, there have been periods, such as in the most recent quarter, where the current ratio dipped below 2, suggesting a slight decrease in liquidity.
It is important for investors and analysts to monitor the current ratio over time to ensure that the company maintains a healthy balance between current assets and liabilities to meet its short-term financial obligations effectively. Further analysis of the company's cash flow and working capital management may provide additional insights into its liquidity position.
Peer comparison
Jun 30, 2024