ViaSat Inc (VSAT)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,478,900 | 2,244,510 | 1,159,470 | 991,233 | 1,045,700 |
| Total current liabilities | US$ in thousands | 1,295,880 | 956,719 | 770,421 | 708,437 | 604,579 |
| Current ratio | 2.68 | 2.35 | 1.50 | 1.40 | 1.73 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,478,900K ÷ $1,295,880K
= 2.68
The trend analysis of ViaSat Inc's current ratio over the past five years reveals a consistent improvement in liquidity position. The current ratio has steadily increased from 1.73 in 2020 to 2.68 in 2024. This indicates that the company's current assets have been increasing at a faster rate than its current liabilities, reflecting a stronger ability to meet short-term obligations.
A current ratio above 1.0 generally indicates that a company has more current assets than current liabilities, suggesting a healthy liquidity position. ViaSat Inc has consistently maintained a current ratio above 1.0 throughout the period, which is a positive sign for creditors and investors, as it implies a reduced risk of financial distress in the short term.
The notable improvement in the current ratio from 2020 to 2024 indicates effective management of working capital and efficient utilization of resources by ViaSat Inc. Overall, the increasing trend in the current ratio reflects a strengthening financial position and enhances confidence in the company's ability to sustain its operations and growth in the future.
Peer comparison
Mar 31, 2024