TE Connectivity Ltd (TEL)
Current ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,631,000 | 7,713,000 | 7,504,000 | 7,441,000 | 7,892,000 | 7,649,000 | 7,439,000 | 7,318,000 | 7,268,000 | 7,583,000 | 7,417,000 | 7,244,000 | 7,263,000 | 7,394,000 | 7,422,000 | 6,481,000 | 5,784,000 | 5,319,000 | 5,715,000 | 5,566,000 |
| Total current liabilities | US$ in thousands | 4,746,000 | 5,117,000 | 5,163,000 | 4,011,000 | 4,463,000 | 4,258,000 | 4,393,000 | 4,420,000 | 4,632,000 | 5,058,000 | 5,046,000 | 4,274,000 | 4,656,000 | 4,662,000 | 5,039,000 | 4,083,000 | 3,690,000 | 3,727,000 | 3,959,000 | 3,404,000 |
| Current ratio | 1.61 | 1.51 | 1.45 | 1.86 | 1.77 | 1.80 | 1.69 | 1.66 | 1.57 | 1.50 | 1.47 | 1.69 | 1.56 | 1.59 | 1.47 | 1.59 | 1.57 | 1.43 | 1.44 | 1.64 |
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 volatility over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
Looking at the trend, the current ratio has fluctuated between 1.43 and 1.86 in the past five years. A current ratio above 1 indicates that TE Connectivity Ltd has more current assets than current liabilities, which suggests that the company is generally in a strong position to meet its short-term obligations.
In the most recent quarter, the current ratio was 1.61, which indicates an improvement compared to the previous quarter. However, it is important to note that the current ratio should be analyzed in conjunction with other financial metrics to assess the overall financial health of the company.
Overall, while there have been fluctuations in the current ratio, TE Connectivity Ltd appears to have maintained a relatively healthy liquidity position, with the ability to cover its short-term liabilities with its current assets.
Peer comparison
Sep 30, 2024