Zebra Technologies Corporation (ZBRA)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,672,000 | 1,883,000 | 1,689,000 | 1,273,000 | 1,195,000 |
| Total current liabilities | US$ in thousands | 1,598,000 | 2,332,000 | 1,800,000 | 1,851,000 | 1,404,000 |
| Current ratio | 1.05 | 0.81 | 0.94 | 0.69 | 0.85 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,672,000K ÷ $1,598,000K
= 1.05
The current ratio of Zebra Technologies Corp. has shown fluctuations over the past five years. The company's current ratio has ranged from 0.69 to 1.05 during this period, indicating varying levels of liquidity.
A current ratio of 1.05 as of December 31, 2023, implies that the company had $1.05 in current assets for every $1 in current liabilities. This suggests that Zebra Technologies Corp. had sufficient short-term assets to cover its short-term liabilities as of the end of 2023.
However, it is worth noting that the current ratio has not been consistently above 1.00 in recent years, which could indicate potential liquidity risks. A current ratio below 1.00 would signify that the company may have difficulty meeting its short-term obligations with its current assets alone.
Overall, while the current ratio of 1.05 in 2023 shows an improvement compared to previous years, further monitoring and analysis of Zebra Technologies Corp.'s liquidity position are warranted to assess the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023