Teradyne Inc (TER)

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	2,162,040	2,099,360	2,123,840	2,111,980	2,257,920	2,127,550	2,270,440	2,374,380	2,576,230	2,521,180	2,699,470	2,501,100	2,415,430	2,243,630	2,094,010	1,702,580	1,658,880	1,654,580	1,616,830	1,594,040
Total current liabilities	US$ in thousands	659,951	640,659	669,785	628,092	746,263	701,941	797,385	712,199	805,120	753,609	985,362	686,842	700,871	671,840	729,713	513,961	539,029	493,711	467,000	441,968
Current ratio		3.28	3.28	3.17	3.36	3.03	3.03	2.85	3.33	3.20	3.35	2.74	3.64	3.45	3.34	2.87	3.31	3.08	3.35	3.46	3.61

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,162,040K ÷ $659,951K
= 3.28

Teradyne, Inc.'s current ratio has been relatively stable over the past eight quarters, ranging from 2.85 to 3.36. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates that the company has more current assets available to cover its current liabilities, which is generally seen as a positive indicator of financial health and liquidity.

Teradyne's current ratio has generally been above 3 in the recent quarters, indicating a strong ability to meet its short-term obligations. The slight fluctuations in the current ratio over the quarters may be due to changes in the company's current assets and liabilities mix. Overall, a consistently high current ratio suggests that Teradyne has a solid financial position and is well-equipped to meet its short-term financial obligations.