Zebra Technologies Corporation (ZBRA)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,440,000 | 2,133,000 | 1,627,000 | 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 |
| Total current liabilities | US$ in thousands | 1,704,000 | 1,562,000 | 1,643,000 | 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 |
| Current ratio | 1.43 | 1.37 | 0.99 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,440,000K ÷ $1,704,000K
= 1.43
The current ratio of Zebra Technologies Corporation has shown fluctuations over the period from December 31, 2019, to December 31, 2024. The current ratio indicates the company's ability to cover its short-term liabilities with its current assets.
The current ratio started at 0.85 on December 31, 2019, but decreased to 0.68 by September 30, 2020, which may indicate a potential liquidity concern as the company may have had difficulties meeting its short-term obligations. However, the ratio improved to 0.99 by June 30, 2023, and increased further to 1.43 by December 31, 2024.
A current ratio above 1 is generally considered healthy, as it suggests the company has more current assets than current liabilities. The significant increase in the current ratio from 2023 to 2024 indicates that Zebra Technologies' liquidity position strengthened during this period. This improvement could be attributed to better management of current assets and liabilities or an increase in cash reserves. It signifies the company's ability to comfortably cover its short-term obligations and indicates a positive trend in its financial health in terms of short-term liquidity.
Peer comparison
Dec 31, 2024