Zebra Technologies Corporation (ZBRA)
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 | 1,672,000 | 1,652,000 | 1,753,000 | 1,818,000 | 1,883,000 | 1,871,000 | 1,806,000 | 1,569,000 | 1,689,000 | 1,524,000 | 1,526,000 | 1,343,000 | 1,273,000 | 1,192,000 | 1,094,000 | 1,051,000 | 1,195,000 | 1,231,000 | 1,188,000 | 1,142,000 |
| Total current liabilities | US$ in thousands | 1,598,000 | 1,562,000 | 1,770,000 | 2,074,000 | 2,332,000 | 2,073,000 | 2,113,000 | 1,799,000 | 1,800,000 | 1,581,000 | 1,550,000 | 1,546,000 | 1,851,000 | 1,765,000 | 1,389,000 | 1,237,000 | 1,404,000 | 1,306,000 | 1,200,000 | 1,146,000 |
| Current ratio | 1.05 | 1.06 | 0.99 | 0.88 | 0.81 | 0.90 | 0.85 | 0.87 | 0.94 | 0.96 | 0.98 | 0.87 | 0.69 | 0.68 | 0.79 | 0.85 | 0.85 | 0.94 | 0.99 | 1.00 |
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 exhibited some fluctuations over the past eight quarters. In Q4 2023, the current ratio was at 1.05, which indicates that the company had $1.05 in current assets for every $1 in current liabilities. This ratio remained relatively stable in Q3 2023 at 1.06. However, in Q2 2023, there was a slight decrease in the current ratio to 0.99, which could be a cause for concern as it suggests a potential strain on the company's liquidity.
The current ratio then dropped significantly to 0.88 in Q1 2023, indicating that the company may have had difficulty meeting its short-term obligations with its current assets during that period. This decline was part of a broader trend as the current ratio has been gradually increasing since Q1 2022 when it was at 0.87.
Comparing the latest current ratio to the same period last year, there has been a notable improvement from Q4 2022 when the ratio was at 0.81, indicating that Zebra Technologies Corp. may have strengthened its liquidity position over the past year. However, despite these fluctuations, it is important to further assess the composition of current assets and liabilities to gain a more comprehensive understanding of the company's short-term financial health.
Peer comparison
Dec 31, 2023