Current Ratio
since 2005
Calculation
Marvell Technology Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jan 31, 2026 | 2.01 | = | 6,460,600) | ÷ | 3,220,500) |
| Feb 1, 2025 | 1.54 | = | 3,120,300) | ÷ | 2,026,800) |
| Feb 3, 2024 | 1.69 | = | 3,062,700) | ÷ | 1,814,200) |
| Jan 28, 2023 | 1.37 | = | 3,281,100) | ÷ | 2,386,700) |
| Jan 29, 2022 | 1.80 | = | 2,493,450) | ÷ | 1,388,542) |
| Jan 30, 2021 | 1.50 | = | 1,617,145) | ÷ | 1,077,097) |
| Feb 1, 2020 | 2.16 | = | 1,537,497) | ÷ | 710,166) |
| Feb 2, 2019 | 2.19 | = | 1,395,258) | ÷ | 636,796) |
| Feb 3, 2018 | 5.61 | = | 2,363,955) | ÷ | 421,142) |
| Jan 28, 2017 | 4.59 | = | 2,280,330) | ÷ | 496,416) |
| Jan 30, 2016 | 2.38 | = | 2,918,626) | ÷ | 1,225,785) |
| Jan 31, 2015 | 5.25 | = | 3,344,040) | ÷ | 637,376) |
| Feb 1, 2014 | 4.36 | = | 2,839,220) | ÷ | 651,306) |
| Feb 2, 2013 | 4.25 | = | 2,585,346) | ÷ | 607,888) |
| Jan 28, 2012 | 5.22 | = | 3,078,961) | ÷ | 589,554) |
| Jan 29, 2011 | 5.79 | = | 3,712,647) | ÷ | 640,686) |
| Jan 30, 2010 | 4.35 | = | 2,465,545) | ÷ | 566,610) |
| Jan 31, 2009 | 3.81 | = | 1,560,315) | ÷ | 409,648) |
| Feb 2, 2008 | 2.58 | = | 1,503,741) | ÷ | 583,212) |
| Jan 27, 2007 | 1.90 | = | 1,348,035) | ÷ | 711,186) |
| Jan 28, 2006 | 4.51 | = | 1,499,874) | ÷ | 332,748) |
| Jan 29, 2005 | 4.74 | = | 1,017,794) | ÷ | 214,805) |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
1 US$ in thousands
The liquidity profile of the organization has undergone a significant transformation over the analyzed period, transitioning from a position of substantial excess liquidity to a more constrained working capital management strategy. While current assets grew from approximately 1.02 billion USD in 2005 to 6.46 billion USD by 2026, current liabilities experienced a more aggressive proportional increase, rising from 214.8 million USD to 3.22 billion USD over the same timeframe.
- Phase of High Liquidity (2005–2015)
- During this period, the organization maintained an exceptionally high current ratio, characterized by significant cushions of liquid assets. The ratio peaked in January 2011 at 5.79, indicating that current assets were nearly six times the value of current liabilities. Despite a temporary decline to 1.90 in 2007, the ratio generally remained above 4.0 for much of this decade, suggesting a conservative approach to liquidity and minimal reliance on short-term financing.
- Period of Volatility and Transition (2016–2019)
- A shift in liquidity patterns emerged starting in 2016, where the current ratio dropped to 2.38. Although a recovery occurred in 2018 with a ratio of 5.61, this was followed by a sharp decline to 2.19 in 2019. This volatility indicates a period of adjustment in the management of short-term assets and obligations.
- Tightening Liquidity and Recent Recovery (2020–2026)
- From 2020 onward, a sustained downward trend in the current ratio is observed, reaching a series low of 1.37 in January 2023. This indicates a tighter liquidity position where current assets only marginally exceeded current liabilities. However, a modest recovery is evident in the final three years of the data, with the ratio improving to 1.54 in 2024 and 2025, eventually returning to 2.01 by January 2026. This recent uptick is driven by a substantial increase in current assets, which more than doubled between 2025 and 2026.
Overall, the long-term trend suggests a move away from the extreme liquidity levels seen in the first decade toward a more streamlined operating model. Although the current ratio remains healthy and above 1.0, the structural shift highlights a significant increase in the scale of short-term obligations relative to the asset base.
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Comparison to Competitors
Marvell Technology Inc., current ratio, long-term trends, comparison to competitors
| Marvell Technology Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 31, 2026 | 2.01 | — | — | — | — | — | 2.88 | 2.63 | — | 3.91 | — | — |
| Feb 1, 2025 | 1.54 | 2.85 | 2.19 | 2.61 | 1.71 | 2.02 | 2.62 | 2.21 | 2.52 | 4.44 | 2.82 | 4.35 |
| Feb 3, 2024 | 1.69 | 2.62 | 1.84 | 2.51 | 1.17 | 1.33 | 2.15 | 2.97 | 2.64 | 4.17 | 2.40 | 4.12 |
| Jan 28, 2023 | 1.37 | 2.51 | 1.37 | 2.60 | 2.82 | 1.54 | 2.24 | 3.16 | 4.46 | 3.52 | 2.33 | 4.55 |
| Jan 29, 2022 | 1.80 | 2.36 | 2.02 | 2.16 | 2.62 | 1.57 | 2.50 | 2.69 | 2.89 | 6.65 | 1.75 | 4.70 |
| Jan 30, 2021 | 1.50 | 2.02 | 1.94 | 2.54 | 2.64 | 2.10 | 2.71 | 3.30 | 3.10 | 4.09 | 1.68 | 5.33 |
| Feb 1, 2020 | 2.16 | 2.54 | 1.84 | 3.00 | 1.87 | 1.91 | 2.78 | 3.43 | 2.71 | 7.67 | 2.14 | 4.28 |
| Feb 2, 2019 | 2.19 | 1.95 | 1.32 | 2.30 | 1.44 | 1.40 | 2.44 | 3.61 | 2.58 | 7.94 | 1.88 | 4.13 |
| Feb 3, 2018 | 5.61 | 1.78 | 1.50 | 2.64 | 3.90 | 1.73 | 3.73 | 2.90 | 2.79 | 8.03 | 1.55 | 3.27 |
| Jan 28, 2017 | 4.59 | 1.76 | 1.47 | 3.14 | 6.26 | 1.69 | 3.40 | 3.10 | 2.34 | 4.77 | 4.00 | 3.87 |
| Jan 30, 2016 | 2.38 | 1.88 | 6.35 | 2.30 | 2.31 | 1.75 | 3.86 | 3.81 | 1.96 | 2.57 | 3.14 | 3.29 |
| Jan 31, 2015 | 5.25 | 1.65 | 3.66 | 2.44 | 3.37 | 2.58 | 3.90 | 2.38 | 2.20 | 6.38 | 3.62 | 2.77 |
| Feb 1, 2014 | 4.36 | 1.90 | 5.38 | 2.47 | 3.77 | 1.73 | 5.12 | 3.02 | 2.13 | 5.95 | 3.73 | 2.92 |
| Feb 2, 2013 | 4.25 | 1.78 | 9.59 | 2.31 | 4.30 | 2.36 | 5.05 | 2.70 | 2.16 | 4.89 | 3.75 | 2.92 |
| Jan 28, 2012 | 5.22 | 1.62 | 8.94 | 2.25 | 4.89 | 2.43 | 4.83 | 3.09 | 2.57 | 4.20 | 2.95 | 2.40 |
| Jan 29, 2011 | 5.79 | 1.82 | 8.35 | 3.71 | 3.98 | 2.15 | 4.17 | 4.79 | 2.35 | 3.42 | 2.70 | 2.24 |
| Jan 30, 2010 | 4.35 | 2.15 | 5.41 | 2.34 | 1.92 | 3.39 | 3.67 | 3.14 | 2.34 | 3.16 | 2.22 | 3.56 |
| Jan 31, 2009 | 3.81 | 1.93 | 6.44 | 2.93 | 1.36 | 2.79 | 4.25 | 3.51 | 1.77 | 2.78 | 4.47 | 3.85 |
| Feb 2, 2008 | 2.58 | 1.07 | 3.67 | 2.26 | — | 2.54 | 3.19 | 3.01 | 2.36 | 2.99 | 5.12 | 3.78 |
| Jan 27, 2007 | 1.90 | 1.45 | 3.61 | 2.78 | — | 2.79 | 3.03 | 2.11 | 2.58 | 3.18 | 3.91 | 3.42 |
| Jan 28, 2006 | 4.51 | 1.39 | 6.13 | 2.50 | — | 2.15 | 3.53 | 3.01 | 3.07 | 3.53 | 4.96 | 3.78 |
| Jan 29, 2005 | 4.74 | 1.95 | 4.56 | 5.35 | — | 2.30 | 3.44 | 3.28 | 2.99 | 3.10 | 7.28 | 3.92 |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Marvell Technology Inc., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Marvell Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jan 31, 2026 | 2.01 | — |
| Feb 1, 2025 | 1.54 | 2.61 |
| Feb 3, 2024 | 1.69 | 2.14 |
| Jan 28, 2023 | 1.37 | 2.42 |
| Jan 29, 2022 | 1.80 | 2.33 |
| Jan 30, 2021 | 1.50 | 2.45 |
| Feb 1, 2020 | 2.16 | 2.46 |
| Feb 2, 2019 | 2.19 | 2.04 |
| Feb 3, 2018 | 5.61 | 2.34 |
| Jan 28, 2017 | 4.59 | 2.92 |
| Jan 30, 2016 | 2.38 | 2.38 |
| Jan 31, 2015 | 5.25 | 2.86 |
| Feb 1, 2014 | 4.36 | 2.61 |
| Feb 2, 2013 | 4.25 | 2.89 |
| Jan 28, 2012 | 5.22 | 2.80 |
| Jan 29, 2011 | 5.79 | 2.73 |
| Jan 30, 2010 | 4.35 | 2.92 |
| Jan 31, 2009 | 3.81 | 3.02 |
| Feb 2, 2008 | 2.58 | 2.79 |
| Jan 27, 2007 | 1.90 | 2.78 |
| Jan 28, 2006 | 4.51 | 2.74 |
| Jan 29, 2005 | 4.74 | 3.23 |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Industry (Information Technology)
Marvell Technology Inc., current ratio, long-term trends, comparison to industry (information technology)
| Marvell Technology Inc. | Information Technology | |
|---|---|---|
| Jan 31, 2026 | 2.01 | — |
| Feb 1, 2025 | 1.54 | 1.39 |
| Feb 3, 2024 | 1.69 | 1.24 |
| Jan 28, 2023 | 1.37 | 1.41 |
| Jan 29, 2022 | 1.80 | 1.37 |
| Jan 30, 2021 | 1.50 | 1.55 |
| Feb 1, 2020 | 2.16 | 1.71 |
| Feb 2, 2019 | 2.19 | 1.66 |
| Feb 3, 2018 | 5.61 | 1.88 |
| Jan 28, 2017 | 4.59 | 2.04 |
| Jan 30, 2016 | 2.38 | 2.01 |
| Jan 31, 2015 | 5.25 | 2.04 |
| Feb 1, 2014 | 4.36 | 1.98 |
| Feb 2, 2013 | 4.25 | 2.20 |
| Jan 28, 2012 | 5.22 | 2.08 |
| Jan 29, 2011 | 5.79 | 2.12 |
| Jan 30, 2010 | 4.35 | 2.02 |
| Jan 31, 2009 | 3.81 | 2.04 |
| Feb 2, 2008 | 2.58 | 1.80 |
| Jan 27, 2007 | 1.90 | 1.79 |
| Jan 28, 2006 | 4.51 | 1.86 |
| Jan 29, 2005 | 4.74 | 2.02 |
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).