TE Connectivity Ltd (TEL)
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 | 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 | 5,554,000 | 5,422,000 | 5,446,000 |
| Total current liabilities | US$ in thousands | 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 | 3,540,000 | 3,694,000 | 3,867,000 |
| Current ratio | 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 | 1.57 | 1.47 | 1.41 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,441,000K ÷ $4,011,000K
= 1.86
TE Connectivity Ltd's current ratio has exhibited fluctuations over the past few quarters, ranging from a low of 1.41 to a high of 1.86. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. An increasing trend in the current ratio is generally seen as a positive indicator of liquidity and financial health.
The current ratio saw a gradual increase from 1.41 in March 2019 to 1.86 in December 2023, indicating an improvement in the company's ability to meet its short-term obligations. However, there were periods of fluctuation within this overall upward trend.
It is crucial for investors and creditors to monitor the current ratio over time to assess the company's liquidity position and its ability to manage its short-term financial obligations effectively. The current ratio of TE Connectivity Ltd suggests that the company has a satisfactory level of current assets to cover its current liabilities, but it is important to closely monitor any future changes in this ratio.
Peer comparison
Dec 31, 2023