Veeco Instruments Inc (VECO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 764,532 | 706,278 | 668,901 | 549,387 | 586,931 |
| Total current liabilities | US$ in thousands | 192,282 | 218,033 | 257,904 | 189,204 | 146,681 |
| Current ratio | 3.98 | 3.24 | 2.59 | 2.90 | 4.00 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $764,532K ÷ $192,282K
= 3.98
The current ratio of Veeco Instruments Inc has shown a decreasing trend over the past five years. The ratio was at its peak of 4.00 on December 31, 2020, indicating a strong ability to cover its short-term liabilities with current assets. However, it decreased to 2.90 by December 31, 2021, and further declined to 2.59 by December 31, 2022. This decreasing trend may raise concerns about the company's liquidity and ability to meet its short-term obligations.
Despite the decline, the current ratio improved slightly to 3.24 by December 31, 2023, and further increased to 3.98 by December 31, 2024. These improvements suggest that Veeco's liquidity position strengthened in the later years, with the ability to cover short-term liabilities with current assets being more favorable.
Overall, while the current ratio fluctuated over the period analyzed, the recent improvements indicate a more favorable liquidity position for Veeco Instruments Inc, although monitoring the trend closely would be prudent to ensure ongoing financial health.
Peer comparison
Dec 31, 2024