Veeco Instruments Inc (VECO)
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 | 706,278 | 720,800 | 709,154 | 643,270 | 668,901 | 649,703 | 569,284 | 569,950 | 549,387 | 653,504 | 638,624 | 618,167 | 586,931 | 572,485 | 538,375 | 500,490 | 475,878 | 486,281 | 491,517 | 498,764 |
| Total current liabilities | US$ in thousands | 218,033 | 267,786 | 282,298 | 267,175 | 257,904 | 260,185 | 200,270 | 220,696 | 189,204 | 187,222 | 179,413 | 163,695 | 146,681 | 146,934 | 127,483 | 128,509 | 118,224 | 142,037 | 149,200 | 150,028 |
| Current ratio | 3.24 | 2.69 | 2.51 | 2.41 | 2.59 | 2.50 | 2.84 | 2.58 | 2.90 | 3.49 | 3.56 | 3.78 | 4.00 | 3.90 | 4.22 | 3.89 | 4.03 | 3.42 | 3.29 | 3.32 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $706,278K ÷ $218,033K
= 3.24
Veeco Instruments Inc's current ratio has exhibited some fluctuations over the past eight quarters. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has generally been above 2.0, indicating a healthy liquidity position.
For the most recent quarter, Q4 2023, the current ratio was 3.24, showing a significant improvement compared to the previous quarters. This suggests that Veeco Instruments Inc has a strong ability to meet its short-term obligations using its current assets.
Looking back over the last year, the current ratio has generally been hovering around the 2.5 range, with occasional peaks and dips. While there was a slight decline in the current ratio in Q3 2023 to 2.69, it bounced back in the following quarter.
Overall, Veeco Instruments Inc's current ratio trend indicates a relatively stable and healthy liquidity position, with the company maintaining a strong ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023