Sensata Technologies Holding NV (ST)

Current ratio

		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	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	2,102,400	2,493,160	2,476,630	2,640,200	2,775,040	2,700,200	3,119,730	3,090,100	3,076,990	3,302,660	3,177,130	3,106,120	2,979,970	2,713,880	2,279,160	1,969,550	1,965,650	1,949,590	1,969,580	1,885,070
Total current liabilities	US$ in thousands	823,718	872,673	880,898	1,109,470	1,178,970	905,974	887,129	840,045	836,259	829,820	836,932	773,521	1,495,160	626,415	926,559	621,061	634,746	620,503	629,144	636,296
Current ratio		2.55	2.86	2.81	2.38	2.35	2.98	3.52	3.68	3.68	3.98	3.80	4.02	1.99	4.33	2.46	3.17	3.10	3.14	3.13	2.96

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,102,400K ÷ $823,718K
= 2.55

The current ratio of Sensata Technologies Holding Plc has fluctuated over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets.

In Q4 2023, the current ratio was 2.55, a decrease from the previous quarter's 2.86. This suggests that the company may have slightly fewer current assets to cover its current liabilities compared to the previous quarter.

Looking at the trend over the past year, the current ratio has generally been above 2, indicating that Sensata Technologies Holding Plc has had a healthy level of current assets relative to its current liabilities. However, there was a noticeable decline in Q1 2023, where the ratio dropped to 2.38 before gradually recovering in subsequent quarters.

The highest current ratio was observed in Q2 2022 at 3.68, indicating a strong ability to cover short-term liabilities with current assets. Overall, while there have been fluctuations, Sensata Technologies Holding Plc has maintained current ratios that generally suggest a strong liquidity position.