Current Ratio
since 2005
Calculation
Applied Materials Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Oct 26, 2025 | 2.61 | = | 20,881) | ÷ | 7,999) |
| Oct 27, 2024 | 2.51 | = | 21,220) | ÷ | 8,468) |
| Oct 29, 2023 | 2.60 | = | 19,147) | ÷ | 7,372) |
| Oct 30, 2022 | 2.16 | = | 15,925) | ÷ | 7,379) |
| Oct 31, 2021 | 2.54 | = | 16,107) | ÷ | 6,344) |
| Oct 25, 2020 | 3.00 | = | 13,369) | ÷ | 4,459) |
| Oct 27, 2019 | 2.30 | = | 10,206) | ÷ | 4,447) |
| Oct 28, 2018 | 2.64 | = | 10,747) | ÷ | 4,068) |
| Oct 29, 2017 | 3.14 | = | 12,918) | ÷ | 4,115) |
| Oct 30, 2016 | 2.30 | = | 8,353) | ÷ | 3,632) |
| Oct 25, 2015 | 2.44 | = | 9,261) | ÷ | 3,798) |
| Oct 26, 2014 | 2.47 | = | 6,967) | ÷ | 2,823) |
| Oct 27, 2013 | 2.31 | = | 5,642) | ÷ | 2,443) |
| Oct 28, 2012 | 2.25 | = | 5,102) | ÷ | 2,265) |
| Oct 30, 2011 | 3.71 | = | 10,355) | ÷ | 2,794) |
| Oct 31, 2010 | 2.34 | = | 6,765) | ÷ | 2,888) |
| Oct 25, 2009 | 2.93 | = | 5,689) | ÷ | 1,939) |
| Oct 26, 2008 | 2.26 | = | 6,664) | ÷ | 2,946) |
| Oct 28, 2007 | 2.78 | = | 6,606) | ÷ | 2,373) |
| Oct 29, 2006 | 2.50 | = | 6,081) | ÷ | 2,436) |
| Oct 30, 2005 | 5.35 | = | 9,449) | ÷ | 1,765) |
Based on: 10-K (reporting date: 2025-10-26), 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
The analysis of the annual financial data reveals several notable trends in liquidity and short-term financial stability over the observed periods.
- Current Assets
- Current assets exhibit considerable fluctuations throughout the years. Initially, there is a decline from a high of 9,449 million US dollars to a lower level near 5,102 million by 2012, followed by an upward recovery trend reaching a peak of 21,220 million in 2024 before a slight decrease to 20,881 million in 2025. This pattern indicates periods of both contraction and expansion in asset holdings available for covering short-term liabilities.
- Current Liabilities
- Current liabilities show an overall increasing trend, starting from 1,765 million US dollars in 2005 and climbing steadily to about 8,468 million in 2024 before declining marginally to 7,999 million in 2025. This rise suggests growing short-term obligations, which necessitates close monitoring to ensure liquidity is maintained.
- Current Ratio
- The current ratio fluctuates considerably, with an initial high of 5.35 in 2005, indicating a strong liquidity position at that time, followed by a drop to lows around 2.16-2.25 during 2012-2013. It then experiences some recovery, oscillating between approximately 2.3 and 3.14 over the middle years, and stabilizes around 2.5 to 2.6 in the later years. Despite the volatility, the ratio consistently remains above 2.0, suggesting a generally healthy liquidity cushion to meet short-term liabilities.
Overall, the financial data reveals a company that has experienced periods of tightening and easing liquidity. While current liabilities have increased progressively, the growth in current assets has, for the most part, outpaced these liabilities, maintaining a current ratio above the critical threshold of 1. This implies the company has retained a satisfactory capacity to cover its short-term debts. The fluctuations, particularly in current assets, suggest possible strategic changes in working capital management or varying market conditions impacting asset liquidity over time.
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 26, 2025 | 2.61 | — | 2.19 | 1.71 | — | 2.62 | 2.21 | 2.52 | 4.44 | 2.82 | — |
| Oct 27, 2024 | 2.51 | 2.62 | 1.84 | 1.17 | 1.33 | 2.15 | 2.97 | 2.64 | 4.17 | 2.40 | 4.12 |
| Oct 29, 2023 | 2.60 | 2.51 | 1.37 | 2.82 | 1.54 | 2.24 | 3.16 | 4.46 | 3.52 | 2.33 | 4.55 |
| Oct 30, 2022 | 2.16 | 2.36 | 2.02 | 2.62 | 1.57 | 2.50 | 2.69 | 2.89 | 6.65 | 1.75 | 4.70 |
| Oct 31, 2021 | 2.54 | 2.02 | 1.94 | 2.64 | 2.10 | 2.71 | 3.30 | 3.10 | 4.09 | 1.68 | 5.33 |
| Oct 25, 2020 | 3.00 | 2.54 | 1.84 | 1.87 | 1.91 | 2.78 | 3.43 | 2.71 | 7.67 | 2.14 | 4.28 |
| Oct 27, 2019 | 2.30 | 1.95 | 1.32 | 1.44 | 1.40 | 2.44 | 3.61 | 2.58 | 7.94 | 1.88 | 4.13 |
| Oct 28, 2018 | 2.64 | 1.78 | 1.50 | 3.90 | 1.73 | 3.73 | 2.90 | 2.79 | 8.03 | 1.55 | 3.27 |
| Oct 29, 2017 | 3.14 | 1.76 | 1.47 | 6.26 | 1.69 | 3.40 | 3.10 | 2.34 | 4.77 | 4.00 | 3.87 |
| Oct 30, 2016 | 2.30 | 1.88 | 6.35 | 2.31 | 1.75 | 3.86 | 3.81 | 1.96 | 2.57 | 3.14 | 3.29 |
| Oct 25, 2015 | 2.44 | 1.65 | 3.66 | 3.37 | 2.58 | 3.90 | 2.38 | 2.20 | 6.38 | 3.62 | 2.77 |
| Oct 26, 2014 | 2.47 | 1.90 | 5.38 | 3.77 | 1.73 | 5.12 | 3.02 | 2.13 | 5.95 | 3.73 | 2.92 |
| Oct 27, 2013 | 2.31 | 1.78 | 9.59 | 4.30 | 2.36 | 5.05 | 2.70 | 2.16 | 4.89 | 3.75 | 2.92 |
| Oct 28, 2012 | 2.25 | 1.62 | 8.94 | 4.89 | 2.43 | 4.83 | 3.09 | 2.57 | 4.20 | 2.95 | 2.40 |
| Oct 30, 2011 | 3.71 | 1.82 | 8.35 | 3.98 | 2.15 | 4.17 | 4.79 | 2.35 | 3.42 | 2.70 | 2.24 |
| Oct 31, 2010 | 2.34 | 2.15 | 5.41 | 1.92 | 3.39 | 3.67 | 3.14 | 2.34 | 3.16 | 2.22 | 3.56 |
| Oct 25, 2009 | 2.93 | 1.93 | 6.44 | 1.36 | 2.79 | 4.25 | 3.51 | 1.77 | 2.78 | 4.47 | 3.85 |
| Oct 26, 2008 | 2.26 | 1.07 | 3.67 | — | 2.54 | 3.19 | 3.01 | 2.36 | 2.99 | 5.12 | 3.78 |
| Oct 28, 2007 | 2.78 | 1.45 | 3.61 | — | 2.79 | 3.03 | 2.11 | 2.58 | 3.18 | 3.91 | 3.42 |
| Oct 29, 2006 | 2.50 | 1.39 | 6.13 | — | 2.15 | 3.53 | 3.01 | 3.07 | 3.53 | 4.96 | 3.78 |
| Oct 30, 2005 | 5.35 | 1.95 | 4.56 | — | 2.30 | 3.44 | 3.28 | 2.99 | 3.10 | 7.28 | 3.92 |
Based on: 10-K (reporting date: 2025-10-26), 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 26, 2025 | 2.61 | — |
| Oct 27, 2024 | 2.51 | 2.14 |
| Oct 29, 2023 | 2.60 | 2.45 |
| Oct 30, 2022 | 2.16 | 2.34 |
| Oct 31, 2021 | 2.54 | 2.47 |
| Oct 25, 2020 | 3.00 | 2.47 |
| Oct 27, 2019 | 2.30 | 2.04 |
| Oct 28, 2018 | 2.64 | 2.31 |
| Oct 29, 2017 | 3.14 | 2.90 |
| Oct 30, 2016 | 2.30 | 2.38 |
| Oct 25, 2015 | 2.44 | 2.82 |
| Oct 26, 2014 | 2.47 | 2.58 |
| Oct 27, 2013 | 2.31 | 2.87 |
| Oct 28, 2012 | 2.25 | 2.76 |
| Oct 30, 2011 | 3.71 | 2.67 |
| Oct 31, 2010 | 2.34 | 2.89 |
| Oct 25, 2009 | 2.93 | 3.00 |
| Oct 26, 2008 | 2.26 | 2.79 |
| Oct 28, 2007 | 2.78 | 2.80 |
| Oct 29, 2006 | 2.50 | 2.71 |
| Oct 30, 2005 | 5.35 | 3.22 |
Based on: 10-K (reporting date: 2025-10-26), 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 26, 2025 | 2.61 | — |
| Oct 27, 2024 | 2.51 | 1.24 |
| Oct 29, 2023 | 2.60 | 1.41 |
| Oct 30, 2022 | 2.16 | 1.37 |
| Oct 31, 2021 | 2.54 | 1.55 |
| Oct 25, 2020 | 3.00 | 1.71 |
| Oct 27, 2019 | 2.30 | 1.66 |
| Oct 28, 2018 | 2.64 | 1.88 |
| Oct 29, 2017 | 3.14 | 2.04 |
| Oct 30, 2016 | 2.30 | 2.01 |
| Oct 25, 2015 | 2.44 | 2.03 |
| Oct 26, 2014 | 2.47 | 1.97 |
| Oct 27, 2013 | 2.31 | 2.20 |
| Oct 28, 2012 | 2.25 | 2.07 |
| Oct 30, 2011 | 3.71 | 2.11 |
| Oct 31, 2010 | 2.34 | 2.01 |
| Oct 25, 2009 | 2.93 | 2.03 |
| Oct 26, 2008 | 2.26 | 1.80 |
| Oct 28, 2007 | 2.78 | 1.79 |
| Oct 29, 2006 | 2.50 | 1.85 |
| Oct 30, 2005 | 5.35 | 2.01 |
Based on: 10-K (reporting date: 2025-10-26), 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).