SolarWinds Corp (SWI)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	421,327	307,393	858,840	512,733	319,899
Total current liabilities	US$ in thousands	468,808	456,633	413,877	491,204	423,013
Current ratio		0.90	0.67	2.08	1.04	0.76

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $421,327K ÷ $468,808K
= 0.90

The current ratio of SolarWinds Corp has fluctuated over the past five years, ranging from 0.67 to 2.08. In 2023, the current ratio stands at 0.90, indicating that the firm may have difficulties meeting its short-term obligations with its current assets. This is a decline from the previous year, where the current ratio was 0.67, highlighting a potential worsening liquidity position. In comparison, the current ratio was significantly better in 2021 at 2.08, suggesting a stronger ability to cover short-term liabilities with current assets. However, this ratio decreased to 1.04 in 2020 and 0.76 in 2019, indicating some instability in the company's liquidity position over the years. Overall, the current ratio trend of SolarWinds Corp suggests varying levels of liquidity and highlights the importance of further examination of the company's financial health and working capital management.