Sensata Technologies Holding NV (ST)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,102,400 | 2,775,040 | 3,076,990 | 2,979,970 | 1,965,650 |
| Total current liabilities | US$ in thousands | 823,718 | 1,178,970 | 836,259 | 1,495,160 | 634,746 |
| Current ratio | 2.55 | 2.35 | 3.68 | 1.99 | 3.10 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,102,400K ÷ $823,718K
= 2.55
The current ratio for Sensata Technologies Holding Plc has fluctuated over the past five years. In 2023, the current ratio stands at 2.55, which indicates that the company has $2.55 in current assets to cover each dollar of current liabilities. This represents an improvement from the previous year's ratio of 2.35.
Looking back, in 2021, the company had a notably high current ratio of 3.68, signaling a strong ability to meet its short-term obligations with available current assets. However, in 2020, the ratio dropped to 1.99, suggesting a potential liquidity challenge as the company may have had difficulty meeting its short-term liabilities.
The current ratio improved again in 2019 to 3.10, indicating a healthier liquidity position compared to 2020. Overall, the trend in the current ratio for Sensata Technologies Holding Plc shows variability but generally reflects an ability to meet short-term obligations, with fluctuations possibly influenced by changes in asset or liability composition over the years.
Peer comparison
Dec 31, 2023