Current Ratio
since 2005
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Applied Materials Inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Analysis of Revenues
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Calculation
Applied Materials Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Oct 27, 2024 | = | ÷ | |||
| Oct 29, 2023 | = | ÷ | |||
| Oct 30, 2022 | = | ÷ | |||
| Oct 31, 2021 | = | ÷ | |||
| Oct 25, 2020 | = | ÷ | |||
| Oct 27, 2019 | = | ÷ | |||
| Oct 28, 2018 | = | ÷ | |||
| Oct 29, 2017 | = | ÷ | |||
| Oct 30, 2016 | = | ÷ | |||
| Oct 25, 2015 | = | ÷ | |||
| Oct 26, 2014 | = | ÷ | |||
| Oct 27, 2013 | = | ÷ | |||
| Oct 28, 2012 | = | ÷ | |||
| Oct 30, 2011 | = | ÷ | |||
| Oct 31, 2010 | = | ÷ | |||
| Oct 25, 2009 | = | ÷ | |||
| Oct 26, 2008 | = | ÷ | |||
| Oct 28, 2007 | = | ÷ | |||
| Oct 29, 2006 | = | ÷ | |||
| Oct 30, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27), 10-K (reporting date: 2018-10-28), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-10-25), 10-K (reporting date: 2014-10-26), 10-K (reporting date: 2013-10-27), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-25), 10-K (reporting date: 2008-10-26), 10-K (reporting date: 2007-10-28), 10-K (reporting date: 2006-10-29), 10-K (reporting date: 2005-10-30).
1 US$ in millions
- Current Assets
- The current assets displayed significant volatility over the analyzed period. Initially, there was a noticeable decline from 9449 million USD in 2005 to a low point of 5102 million USD in 2012. Subsequently, a general upward trend is observed, reaching a peak of 21220 million USD by 2024. This long-term growth highlights a considerable increase in liquid resources and other short-term assets available for operational purposes in recent years.
- Current Liabilities
- Current liabilities exhibited an overall increasing pattern with fluctuations. From 1765 million USD in 2005, these liabilities rose steadily, experiencing some years of sharper increases, such as between 2020 and 2022, where values grew from 4459 million USD to 7379 million USD. By 2024, a value of 8468 million USD is noted, suggesting a growing obligation load that could impact liquidity if not managed properly.
- Current Ratio
- The current ratio, which measures short-term liquidity by comparing current assets to current liabilities, remained above 2.0 for the majority of the period, indicating generally favorable liquidity conditions. It began at a notably high 5.35 in 2005 but dropped sharply in subsequent years, stabilizing around the 2.0 to 3.0 range from 2006 onward. During 2017, the ratio peaked again at 3.14, suggesting improved liquidity, but was followed by minor declines and fluctuations, settling at 2.51 in 2024. Overall, the ratio demonstrates the company's ability to cover its short-term liabilities with its short-term assets, though with some variability.
- Insights and Patterns
- The data indicates a strategy of accumulating more current assets over the long term, likely to strengthen the liquidity position amidst rising current liabilities. The sharp drop in current ratio after 2005 suggests increasing liabilities or reducing liquidity in that initial phase, but this has been partially mitigated by subsequent asset growth. The fluctuations in both liabilities and the current ratio reflect dynamic working capital management responsive to changing operational or market conditions. The persistence of a current ratio above 2.0 throughout most years implies prudent liquidity maintenance despite growth in liabilities.
Comparison to Competitors
Applied Materials Inc., current ratio, long-term trends, comparison to competitors
| Applied Materials Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 27, 2024 | |||||||||||
| Oct 29, 2023 | |||||||||||
| Oct 30, 2022 | |||||||||||
| Oct 31, 2021 | |||||||||||
| Oct 25, 2020 | |||||||||||
| Oct 27, 2019 | |||||||||||
| Oct 28, 2018 | |||||||||||
| Oct 29, 2017 | |||||||||||
| Oct 30, 2016 | |||||||||||
| Oct 25, 2015 | |||||||||||
| Oct 26, 2014 | |||||||||||
| Oct 27, 2013 | |||||||||||
| Oct 28, 2012 | |||||||||||
| Oct 30, 2011 | |||||||||||
| Oct 31, 2010 | |||||||||||
| Oct 25, 2009 | |||||||||||
| Oct 26, 2008 | |||||||||||
| Oct 28, 2007 | |||||||||||
| Oct 29, 2006 | |||||||||||
| Oct 30, 2005 |
Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27), 10-K (reporting date: 2018-10-28), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-10-25), 10-K (reporting date: 2014-10-26), 10-K (reporting date: 2013-10-27), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-25), 10-K (reporting date: 2008-10-26), 10-K (reporting date: 2007-10-28), 10-K (reporting date: 2006-10-29), 10-K (reporting date: 2005-10-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Applied Materials Inc., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Applied Materials Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Oct 27, 2024 | ||
| Oct 29, 2023 | ||
| Oct 30, 2022 | ||
| Oct 31, 2021 | ||
| Oct 25, 2020 | ||
| Oct 27, 2019 | ||
| Oct 28, 2018 | ||
| Oct 29, 2017 | ||
| Oct 30, 2016 | ||
| Oct 25, 2015 | ||
| Oct 26, 2014 | ||
| Oct 27, 2013 | ||
| Oct 28, 2012 | ||
| Oct 30, 2011 | ||
| Oct 31, 2010 | ||
| Oct 25, 2009 | ||
| Oct 26, 2008 | ||
| Oct 28, 2007 | ||
| Oct 29, 2006 | ||
| Oct 30, 2005 |
Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27), 10-K (reporting date: 2018-10-28), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-10-25), 10-K (reporting date: 2014-10-26), 10-K (reporting date: 2013-10-27), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-25), 10-K (reporting date: 2008-10-26), 10-K (reporting date: 2007-10-28), 10-K (reporting date: 2006-10-29), 10-K (reporting date: 2005-10-30).
Comparison to Industry (Information Technology)
Applied Materials Inc., current ratio, long-term trends, comparison to industry (information technology)
| Applied Materials Inc. | Information Technology | |
|---|---|---|
| Oct 27, 2024 | ||
| Oct 29, 2023 | ||
| Oct 30, 2022 | ||
| Oct 31, 2021 | ||
| Oct 25, 2020 | ||
| Oct 27, 2019 | ||
| Oct 28, 2018 | ||
| Oct 29, 2017 | ||
| Oct 30, 2016 | ||
| Oct 25, 2015 | ||
| Oct 26, 2014 | ||
| Oct 27, 2013 | ||
| Oct 28, 2012 | ||
| Oct 30, 2011 | ||
| Oct 31, 2010 | ||
| Oct 25, 2009 | ||
| Oct 26, 2008 | ||
| Oct 28, 2007 | ||
| Oct 29, 2006 | ||
| Oct 30, 2005 |
Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27), 10-K (reporting date: 2018-10-28), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-10-25), 10-K (reporting date: 2014-10-26), 10-K (reporting date: 2013-10-27), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-25), 10-K (reporting date: 2008-10-26), 10-K (reporting date: 2007-10-28), 10-K (reporting date: 2006-10-29), 10-K (reporting date: 2005-10-30).