Current Ratio
since 2005
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Microchip Technology Inc. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Analysis of Revenues
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Calculation
Microchip Technology Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Mar 31, 2022 | = | ÷ | |||
| Mar 31, 2021 | = | ÷ | |||
| Mar 31, 2020 | = | ÷ | |||
| Mar 31, 2019 | = | ÷ | |||
| Mar 31, 2018 | = | ÷ | |||
| Mar 31, 2017 | = | ÷ | |||
| Mar 31, 2016 | = | ÷ | |||
| Mar 31, 2015 | = | ÷ | |||
| Mar 31, 2014 | = | ÷ | |||
| Mar 31, 2013 | = | ÷ | |||
| Mar 31, 2012 | = | ÷ | |||
| Mar 31, 2011 | = | ÷ | |||
| Mar 31, 2010 | = | ÷ | |||
| Mar 31, 2009 | = | ÷ | |||
| Mar 31, 2008 | = | ÷ | |||
| Mar 31, 2007 | = | ÷ | |||
| Mar 31, 2006 | = | ÷ | |||
| Mar 31, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).
1 US$ in thousands
Analysis of the financial data reveals notable fluctuations in liquidity over the assessed periods. The current assets demonstrate an overall upward trend with some volatility, expanding from approximately 1.08 billion USD in early 2005 to reach peaks above 3.3 billion USD around 2018, followed by a decrease and then a moderate recovery near 2.45 billion USD by 2022.
Current liabilities exhibit irregular movement, initially increasing sharply from about 307 million USD in 2005 to over 608 million USD in 2006, then decreasing significantly in subsequent years. Another period of substantial increase occurs around 2018 and 2019, with liabilities peaking near 2.4 billion USD before falling to roughly 1.4 billion USD in 2022.
The current ratio, which measures short-term liquidity by comparing current assets to current liabilities, reflects these dynamics. The ratio spikes to very high levels between 2007 and 2013—reaching highs above 8 and even near 11—indicating strong liquidity during those years, largely due to current liabilities being comparatively low relative to assets. However, the ratio declines considerably from 2018 onwards, falling below 1.0 in several years (notably 0.93 in 2019 and 0.89 in 2021), which signals periods where current liabilities exceeded current assets, suggesting tighter liquidity conditions or potential short-term financial stress.
Overall, the data indicates that the company experienced strong liquidity positions during much of the mid-2000s to early 2010s, with significant current asset growth outpacing liabilities. In contrast, the latter years show increased volatility in liabilities, resulting in a weakening of liquidity as reflected by the current ratio dipping below the benchmark level of 1 in multiple years. The recent uptick in current ratio by 2022 suggests a potential improvement in short-term financial health.
Comparison to Competitors
Microchip Technology Inc., current ratio, long-term trends, comparison to competitors
| Microchip 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. | |
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Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Microchip Technology Inc., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Microchip Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Mar 31, 2022 | ||
| Mar 31, 2021 | ||
| Mar 31, 2020 | ||
| Mar 31, 2019 | ||
| Mar 31, 2018 | ||
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| Mar 31, 2005 |
Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).
Comparison to Industry (Information Technology)
Microchip Technology Inc., current ratio, long-term trends, comparison to industry (information technology)
| Microchip Technology Inc. | Information Technology | |
|---|---|---|
| Mar 31, 2022 | ||
| Mar 31, 2021 | ||
| Mar 31, 2020 | ||
| Mar 31, 2019 | ||
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| Mar 31, 2007 | ||
| Mar 31, 2006 | ||
| Mar 31, 2005 |
Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).