Veeco Instruments Inc (VECO)
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 | 764,532 | 760,977 | 718,195 | 715,894 | 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 |
| Total current liabilities | US$ in thousands | 192,282 | 215,167 | 203,973 | 234,359 | 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 |
| Current ratio | 3.98 | 3.54 | 3.52 | 3.05 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $764,532K ÷ $192,282K
= 3.98
Veeco Instruments Inc's current ratio has shown some fluctuations over the past few years, ranging from a high of 4.22 in June 2020 to a low of 2.41 in March 2023. A current ratio above 1 indicates the company has more current assets than current liabilities, which is generally considered favorable.
The current ratio peaked at 4.22 in June 2020, reflecting strong liquidity and the ability to cover short-term obligations comfortably. However, the ratio gradually declined over the subsequent quarters, reaching 2.41 in March 2023, signaling a potential liquidity strain. Veeco's current ratio experienced some recovery thereafter, reaching 3.98 by December 2024.
While the current ratio has fluctuated, it is important to note that a ratio above 2 is generally considered acceptable. Investors and analysts should continue to monitor Veeco's current ratio to assess the company's short-term liquidity position and financial health.
Peer comparison
Dec 31, 2024