TE Connectivity Ltd (TEL)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,631,000 | 7,892,000 | 7,268,000 | 7,263,000 | 5,784,000 |
| Total current liabilities | US$ in thousands | 4,746,000 | 4,463,000 | 4,632,000 | 4,656,000 | 3,690,000 |
| Current ratio | 1.61 | 1.77 | 1.57 | 1.56 | 1.57 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,631,000K ÷ $4,746,000K
= 1.61
TE Connectivity Ltd's current ratio has shown some fluctuation over the past five years. The current ratio measures the company's ability to cover its short-term obligations with its current assets. In 2024, the current ratio stands at 1.61, showing a slight decline compared to the previous year. This indicates that the company may have slightly fewer current assets available to cover its short-term liabilities. However, it is important to note that a current ratio above 1 suggests that the company has more than enough current assets to meet its short-term obligations. Overall, while the current ratio has fluctuated, it remains at a healthy level, indicating TE Connectivity Ltd's ability to manage its short-term liquidity effectively.
Peer comparison
Sep 30, 2024