Vicor Corporation (VICR)
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 | 420,366 | 398,967 | 378,786 | 366,370 | 362,604 | 358,153 | 352,331 | 344,594 | 356,760 | 350,002 | 349,030 | 332,037 | 316,932 | 309,782 | 308,678 | 185,190 | 179,066 | 176,018 | 169,645 | 163,788 |
| Total current liabilities | US$ in thousands | 44,169 | 46,533 | 49,976 | 53,672 | 64,549 | 64,359 | 59,453 | 49,560 | 49,093 | 42,615 | 49,777 | 42,878 | 40,513 | 37,998 | 41,919 | 35,220 | 29,930 | 30,768 | 33,157 | 30,733 |
| Current ratio | 9.52 | 8.57 | 7.58 | 6.83 | 5.62 | 5.56 | 5.93 | 6.95 | 7.27 | 8.21 | 7.01 | 7.74 | 7.82 | 8.15 | 7.36 | 5.26 | 5.98 | 5.72 | 5.12 | 5.33 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $420,366K ÷ $44,169K
= 9.52
The current ratio for Vicor Corp. has shown a consistent upward trend over the past eight quarters, indicating a strong liquidity position. The current ratio has increased from 5.62 in Q4 2022 to 9.52 in Q4 2023, reflecting a significant improvement in the company's ability to meet its short-term obligations.
A current ratio above 1 suggests that a company has more current assets than current liabilities, which is considered favorable. With a current ratio consistently above 5 in the past four quarters, Vicor Corp. has demonstrated a robust ability to cover its short-term liabilities with its current assets.
The increasing current ratio trend for Vicor Corp. indicates efficient management of current assets and liabilities, potentially due to effective cash flow management or prudent working capital practices. This strong liquidity position can provide the company with greater financial stability and flexibility to navigate any unexpected challenges or opportunities in the short term.
Peer comparison
Dec 31, 2023