Current Ratio
since 2005
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Analog Devices Inc. pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Price to Sales (P/S) since 2005
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Calculation
Analog Devices Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Nov 1, 2025 | = | ÷ | |||
| Nov 2, 2024 | = | ÷ | |||
| Oct 28, 2023 | = | ÷ | |||
| Oct 29, 2022 | = | ÷ | |||
| Oct 30, 2021 | = | ÷ | |||
| Oct 31, 2020 | = | ÷ | |||
| Nov 2, 2019 | = | ÷ | |||
| Nov 3, 2018 | = | ÷ | |||
| Oct 28, 2017 | = | ÷ | |||
| Oct 29, 2016 | = | ÷ | |||
| Oct 31, 2015 | = | ÷ | |||
| Nov 1, 2014 | = | ÷ | |||
| Nov 2, 2013 | = | ÷ | |||
| Nov 3, 2012 | = | ÷ | |||
| Oct 29, 2011 | = | ÷ | |||
| Oct 30, 2010 | = | ÷ | |||
| Oct 31, 2009 | = | ÷ | |||
| Nov 1, 2008 | = | ÷ | |||
| Nov 3, 2007 | = | ÷ | |||
| Oct 28, 2006 | = | ÷ | |||
| Oct 29, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2025-11-01), 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).
1 US$ in thousands
The analysis of the annual financial data reveals several key trends related to liquidity and short-term financial health as indicated by current assets, current liabilities, and the current ratio over the reported periods.
- Current Assets
- Current assets experienced significant fluctuations over the years. Starting from approximately 3.7 billion USD in 2005, current assets decreased notably towards 2007 and 2008, reaching below 2 billion USD. Following this dip, there was a strong recovery and growth trend from 2009 to 2011, when current assets climbed to over 4.3 billion USD. However, the period from 2012 to 2017 showed a decline again, with current assets dropping sharply to around 2.3 billion USD by 2017. From 2018 onward, a steady upward trend resumed, culminating in current assets exceeding 7.1 billion USD in 2025.
- Current Liabilities
- Current liabilities displayed a more variable pattern without a clear consistent trend. Beginning near 819 million USD in 2005, liabilities generally fluctuated within a range of approximately 300 million to 1.6 billion USD through 2016, experiencing multiple periods of increase and decrease. From 2017 forward, current liabilities rose markedly from about 1.6 billion USD to over 3.2 billion USD by 2025, indicating an increasing short-term obligation burden in the most recent years.
- Current Ratio
- The current ratio, which measures liquidity by comparing current assets to current liabilities, reflected substantial changes over time. Between 2005 and 2014, it remained comfortably above 1, often substantially so, peaking near 9.6 in 2013, which suggests strong short-term financial health during this period. A steep decline is observed starting in 2015, with the ratio falling below 2 and reaching as low as 1.3 in 2017 and again in 2019-2020. Although there is some recovery after 2020, with the ratio ascending to over 2 by 2025, the overall downward shift compared to earlier years hints at diminished liquidity strength relative to prior periods.
In summary, the data demonstrates an initial phase of strong liquidity characterized by high current ratios and recovering current assets, followed by volatility and weakening liquidity in the mid-2010s. More recently, increases in both current assets and liabilities have occurred, with current liabilities rising at a relatively faster pace, limiting improvements in the current ratio. This suggests the company faces increased short-term financial obligations, requiring continued attention to liquidity management going forward.
Comparison to Competitors
Analog Devices Inc., current ratio, long-term trends, comparison to competitors
| Analog Devices Inc. | Advanced Micro Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 1, 2025 | |||||||||||
| Nov 2, 2024 | |||||||||||
| Oct 28, 2023 | |||||||||||
| Oct 29, 2022 | |||||||||||
| Oct 30, 2021 | |||||||||||
| Oct 31, 2020 | |||||||||||
| Nov 2, 2019 | |||||||||||
| Nov 3, 2018 | |||||||||||
| Oct 28, 2017 | |||||||||||
| Oct 29, 2016 | |||||||||||
| Oct 31, 2015 | |||||||||||
| Nov 1, 2014 | |||||||||||
| Nov 2, 2013 | |||||||||||
| Nov 3, 2012 | |||||||||||
| Oct 29, 2011 | |||||||||||
| Oct 30, 2010 | |||||||||||
| Oct 31, 2009 | |||||||||||
| Nov 1, 2008 | |||||||||||
| Nov 3, 2007 | |||||||||||
| Oct 28, 2006 | |||||||||||
| Oct 29, 2005 |
Based on: 10-K (reporting date: 2025-11-01), 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Analog Devices Inc., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Analog Devices Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Nov 1, 2025 | ||
| Nov 2, 2024 | ||
| Oct 28, 2023 | ||
| Oct 29, 2022 | ||
| Oct 30, 2021 | ||
| Oct 31, 2020 | ||
| Nov 2, 2019 | ||
| Nov 3, 2018 | ||
| Oct 28, 2017 | ||
| Oct 29, 2016 | ||
| Oct 31, 2015 | ||
| Nov 1, 2014 | ||
| Nov 2, 2013 | ||
| Nov 3, 2012 | ||
| Oct 29, 2011 | ||
| Oct 30, 2010 | ||
| Oct 31, 2009 | ||
| Nov 1, 2008 | ||
| Nov 3, 2007 | ||
| Oct 28, 2006 | ||
| Oct 29, 2005 |
Based on: 10-K (reporting date: 2025-11-01), 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).
Comparison to Industry (Information Technology)
Analog Devices Inc., current ratio, long-term trends, comparison to industry (information technology)
| Analog Devices Inc. | Information Technology | |
|---|---|---|
| Nov 1, 2025 | ||
| Nov 2, 2024 | ||
| Oct 28, 2023 | ||
| Oct 29, 2022 | ||
| Oct 30, 2021 | ||
| Oct 31, 2020 | ||
| Nov 2, 2019 | ||
| Nov 3, 2018 | ||
| Oct 28, 2017 | ||
| Oct 29, 2016 | ||
| Oct 31, 2015 | ||
| Nov 1, 2014 | ||
| Nov 2, 2013 | ||
| Nov 3, 2012 | ||
| Oct 29, 2011 | ||
| Oct 30, 2010 | ||
| Oct 31, 2009 | ||
| Nov 1, 2008 | ||
| Nov 3, 2007 | ||
| Oct 28, 2006 | ||
| Oct 29, 2005 |
Based on: 10-K (reporting date: 2025-11-01), 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).