Ultra Clean Holdings Inc (UCTT)

Current ratio

Dec 31, 2024 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
Total current assets US$ in thousands 970,100 985,800 960,800 908,700 893,200 925,800 935,400 981,200 1,098,800 1,136,100 1,111,800 1,122,700 1,137,100 1,052,700 999,300 636,200 545,100 514,100 565,800 527,900
Total current liabilities US$ in thousands 335,600 358,800 351,400 329,400 310,000 293,600 294,300 313,700 389,200 407,400 395,400 417,600 469,100 411,000 355,000 263,100 201,200 195,300 226,900 213,000
Current ratio 2.89 2.75 2.73 2.76 2.88 3.15 3.18 3.13 2.82 2.79 2.81 2.69 2.42 2.56 2.81 2.42 2.71 2.63 2.49 2.48

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $970,100K ÷ $335,600K
= 2.89

Ultra Clean Holdings Inc's current ratio has shown fluctuations over the past few years, ranging from 2.42 to 3.18. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A higher current ratio is generally more favorable as it indicates that the company has more current assets than current liabilities.

From March 31, 2020, to June 30, 2023, the current ratio steadily increased from 2.48 to 3.18, indicating strengthening liquidity position during this period. However, there was a slight dip in the ratio by the end of 2023, with a current ratio of 2.88. This decrease may suggest a potential strain on the company's ability to cover its short-term obligations with its current assets.

In the most recent period, December 31, 2024, the current ratio has increased to 2.89 from the previous quarter. This increase may indicate an improvement in the company's short-term liquidity position. Overall, the trend in Ultra Clean Holdings Inc's current ratio shows some variability, but the company has generally maintained a healthy level of liquidity to meet its short-term obligations.