Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

$24.99

Current Ratio
since 2005

Microsoft Excel

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Calculation

Analog Devices Inc., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 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

Current Assets Trend
The current assets fluctuated over the years, starting at approximately 3.73 billion USD in 2005, then declining to a low near 1.98 billion USD in 2019. The values showed substantial variability, with increases observed in certain periods such as 2011 to 2013 and notably from 2020 to 2021, reaching up to around 5.38 billion USD in 2021. A temporary dip occurred in the years following 2013, with current assets falling below 2.4 billion USD until 2020, followed by recovery and growth through 2024.
Current Liabilities Trend
Current liabilities demonstrated significant volatility, beginning near 819 million USD in 2005 and experiencing both decreases and sharp increases throughout the timeline. A substantial rise is noted from 2016 onwards, peaking above 3.2 billion USD in 2023 before slightly declining in 2024 to just under 3 billion USD. This trend indicates increasing short-term obligations over time, particularly pronounced in more recent years.
Current Ratio Analysis
The current ratio showed a decreasing trend overall, despite considerable fluctuations. It started at a strong 4.56 in 2005 and rose to a peak of approximately 9.59 in 2013, suggesting strong short-term liquidity during this period. However, from 2013 to 2019, the ratio dropped markedly, reaching a low of 1.32 in 2019. Since then, it has shown moderate recovery, stabilizing near 1.8 in the last two years, indicating a less liquid but more balanced short-term financial position compared to earlier years.
Overall Insights
The data reflects periods of both strong liquidity and tighter short-term financial conditions. Early years indicated a high current ratio, supported by relatively higher current assets compared to liabilities. The middle years (2014-2019) show a weakening liquidity position with rising liabilities and declining current assets, leading to a current ratio nearer to 1.3, which suggests less cushion for meeting short-term obligations. Recent years demonstrate improvement in assets and a relatively stable current ratio around 1.8, suggesting efforts to maintain balanced liquidity despite increased current liabilities. These fluctuations indicate that short-term financial management has been dynamic, responding to changing business conditions or investment strategies over the period.

Comparison to Competitors

Analog Devices Inc., current ratio, long-term trends, comparison to competitors

Microsoft Excel

Based on: 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)

Microsoft Excel

Based on: 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)