SolarWinds Corp (SWI)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	403,506	421,327	307,393	858,840	512,733
Total current liabilities	US$ in thousands	475,262	468,808	456,633	413,877	491,204
Current ratio		0.85	0.90	0.67	2.08	1.04

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $403,506K ÷ $475,262K
= 0.85

The current ratio for SolarWinds Corp has shown fluctuations over the past five years. As of December 31, 2020, the current ratio was 1.04, indicating that the company may have had just enough current assets to cover its current liabilities. However, by December 31, 2021, the current ratio improved significantly to 2.08, suggesting a healthier liquidity position with more current assets relative to current liabilities.

Subsequently, the current ratio declined to 0.67 by December 31, 2022, signaling potential liquidity concerns as the company may have had difficulty meeting its short-term obligations with its available current assets. However, there was a slight improvement by December 31, 2023, with the current ratio increasing to 0.90.

As of December 31, 2024, the current ratio fell slightly to 0.85, indicating that SolarWinds Corp continued to have a relatively low level of current assets in comparison to its current liabilities. Overall, the fluctuating trend in the current ratio suggests varying levels of liquidity and ability to cover short-term obligations over the analyzed period.