Varex Imaging Corp (VREX)
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 | 645,700 | 658,300 | 638,500 | 618,400 | 607,300 | 609,900 | 593,400 | 569,200 | 557,900 | 554,200 | 559,800 | 529,800 | 522,600 | 522,000 | 498,900 | 454,000 | 440,200 | 438,400 | 441,400 | 437,300 |
| Total current liabilities | US$ in thousands | 150,100 | 162,800 | 158,600 | 157,200 | 157,400 | 173,100 | 172,300 | 167,100 | 149,900 | 166,600 | 186,200 | 146,300 | 152,500 | 160,600 | 191,900 | 198,100 | 190,900 | 175,100 | 171,200 | 156,300 |
| Current ratio | 4.30 | 4.04 | 4.03 | 3.93 | 3.86 | 3.52 | 3.44 | 3.41 | 3.72 | 3.33 | 3.01 | 3.62 | 3.43 | 3.25 | 2.60 | 2.29 | 2.31 | 2.50 | 2.58 | 2.80 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $645,700K ÷ $150,100K
= 4.30
The current ratio of Varex Imaging Corp has displayed a generally positive trend over the past few quarters, indicating a strong liquidity position. The company's current ratio has consistently exceeded 3.0, reflecting a healthy ability to meet its short-term obligations with its current assets.
The current ratio reached its peak at 4.30 as of December 31, 2023, which suggests a robust liquidity position at the end of the year. This high level indicates that Varex Imaging Corp had $4.30 in current assets for every $1 of current liabilities, highlighting a strong ability to cover its short-term debt obligations.
Despite some fluctuations, such as the slight dip to 3.01 in the quarter ending June 30, 2021, the company has maintained a current ratio above 3.0 consistently. This trend indicates a stable and healthy liquidity position over the period analyzed.
Overall, Varex Imaging Corp's current ratio performance demonstrates an efficient management of its current assets and liabilities, providing a favorable indication of the company's short-term financial health and ability to meet its obligations.
Peer comparison
Dec 31, 2023