Current Ratio
since 2005
Calculation
Monolithic Power Systems Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 5.31 | = | 1,565,053) | ÷ | 294,567) |
| Dec 31, 2023 | 7.74 | = | 1,819,499) | ÷ | 235,035) |
| Dec 31, 2022 | 5.36 | = | 1,410,619) | ÷ | 263,400) |
| Dec 31, 2021 | 4.96 | = | 1,124,852) | ÷ | 226,944) |
| Dec 31, 2020 | 5.73 | = | 841,998) | ÷ | 146,969) |
| Dec 31, 2019 | 6.67 | = | 655,206) | ÷ | 98,225) |
| Dec 31, 2018 | 7.22 | = | 580,810) | ÷ | 80,439) |
| Dec 31, 2017 | 6.81 | = | 449,170) | ÷ | 65,917) |
| Dec 31, 2016 | 7.24 | = | 382,984) | ÷ | 52,921) |
| Dec 31, 2015 | 7.67 | = | 331,928) | ÷ | 43,283) |
| Dec 31, 2014 | 8.36 | = | 308,146) | ÷ | 36,861) |
| Dec 31, 2013 | 7.59 | = | 292,086) | ÷ | 38,489) |
| Dec 31, 2012 | 9.13 | = | 214,301) | ÷ | 23,460) |
| Dec 31, 2011 | 8.11 | = | 211,505) | ÷ | 26,070) |
| Dec 31, 2010 | 7.75 | = | 224,373) | ÷ | 28,970) |
| Dec 31, 2009 | 8.51 | = | 203,499) | ÷ | 23,922) |
| Dec 31, 2008 | 5.53 | = | 143,247) | ÷ | 25,882) |
| Dec 31, 2007 | 5.06 | = | 148,760) | ÷ | 29,412) |
| Dec 31, 2006 | 4.83 | = | 97,160) | ÷ | 20,122) |
| Dec 31, 2005 | 3.94 | = | 87,717) | ÷ | 22,267) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
- Current Assets Trend
- The current assets exhibit a generally upward trajectory from 2005 through 2024, starting at 87,717 thousand US dollars and gradually increasing to a peak of 1,819,499 thousand US dollars in 2023 before declining to 1,565,053 thousand US dollars in 2024. There is a notable acceleration in growth starting around 2013, indicating increasing liquidity and asset accumulation over time.
- Current Liabilities Trend
- Current liabilities fluctuate over the period but show an overall increasing trend. From 22,267 thousand US dollars in 2005, current liabilities rise to a high of 263,400 thousand US dollars in 2022 before falling to 235,035 thousand US dollars in 2023 and then rising again to 294,567 thousand US dollars in 2024. This volatility suggests periodic increases in short-term obligations, possibly to finance expanding operations or investments.
- Current Ratio Analysis
- The current ratio consistently stays above 3.9 throughout the period, indicating strong short-term liquidity. It peaks at 9.13 in 2012, suggesting a very healthy coverage of current liabilities with current assets at that point. Following 2012, the ratio generally trends downward to around 5.31 in 2024, though it remains at levels reflecting sound liquidity. The decline from peak ratios may reflect an increase in current liabilities relative to current assets or a strategic shift in working capital management.
- Overall Insights
- The data reflects a company with substantial growth in current assets and liabilities, maintaining healthy liquidity as denoted by the current ratio consistently above conservative thresholds. The peak in current ratio during 2012 signifies a period of particularly strong liquidity, while subsequent declines indicate increased leverage or investment in operational capacity. The movement in both assets and liabilities suggests active management of current assets to support expanding business activities, with occasional volatility in short-term obligations typical for growth phases.
Comparison to Competitors
Monolithic Power Systems Inc., current ratio, long-term trends, comparison to competitors
| Monolithic Power Systems 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. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 5.31 | 2.62 | 1.84 | 2.51 | 1.17 | 1.33 | 2.15 | 2.97 | 2.64 | 4.17 | 2.40 | 4.12 |
| Dec 31, 2023 | 7.74 | 2.51 | 1.37 | 2.60 | 2.82 | 1.54 | 2.24 | 3.16 | 4.46 | 3.52 | 2.33 | 4.55 |
| Dec 31, 2022 | 5.36 | 2.36 | 2.02 | 2.16 | 2.62 | 1.57 | 2.50 | 2.69 | 2.89 | 6.65 | 1.75 | 4.70 |
| Dec 31, 2021 | 4.96 | 2.02 | 1.94 | 2.54 | 2.64 | 2.10 | 2.71 | 3.30 | 3.10 | 4.09 | 1.68 | 5.33 |
| Dec 31, 2020 | 5.73 | 2.54 | 1.84 | 3.00 | 1.87 | 1.91 | 2.78 | 3.43 | 2.71 | 7.67 | 2.14 | 4.28 |
| Dec 31, 2019 | 6.67 | 1.95 | 1.32 | 2.30 | 1.44 | 1.40 | 2.44 | 3.61 | 2.58 | 7.94 | 1.88 | 4.13 |
| Dec 31, 2018 | 7.22 | 1.78 | 1.50 | 2.64 | 3.90 | 1.73 | 3.73 | 2.90 | 2.79 | 8.03 | 1.55 | 3.27 |
| Dec 31, 2017 | 6.81 | 1.76 | 1.47 | 3.14 | 6.26 | 1.69 | 3.40 | 3.10 | 2.34 | 4.77 | 4.00 | 3.87 |
| Dec 31, 2016 | 7.24 | 1.88 | 6.35 | 2.30 | 2.31 | 1.75 | 3.86 | 3.81 | 1.96 | 2.57 | 3.14 | 3.29 |
| Dec 31, 2015 | 7.67 | 1.65 | 3.66 | 2.44 | 3.37 | 2.58 | 3.90 | 2.38 | 2.20 | 6.38 | 3.62 | 2.77 |
| Dec 31, 2014 | 8.36 | 1.90 | 5.38 | 2.47 | 3.77 | 1.73 | 5.12 | 3.02 | 2.13 | 5.95 | 3.73 | 2.92 |
| Dec 31, 2013 | 7.59 | 1.78 | 9.59 | 2.31 | 4.30 | 2.36 | 5.05 | 2.70 | 2.16 | 4.89 | 3.75 | 2.92 |
| Dec 31, 2012 | 9.13 | 1.62 | 8.94 | 2.25 | 4.89 | 2.43 | 4.83 | 3.09 | 2.57 | 4.20 | 2.95 | 2.40 |
| Dec 31, 2011 | 8.11 | 1.82 | 8.35 | 3.71 | 3.98 | 2.15 | 4.17 | 4.79 | 2.35 | 3.42 | 2.70 | 2.24 |
| Dec 31, 2010 | 7.75 | 2.15 | 5.41 | 2.34 | 1.92 | 3.39 | 3.67 | 3.14 | 2.34 | 3.16 | 2.22 | 3.56 |
| Dec 31, 2009 | 8.51 | 1.93 | 6.44 | 2.93 | 1.36 | 2.79 | 4.25 | 3.51 | 1.77 | 2.78 | 4.47 | 3.85 |
| Dec 31, 2008 | 5.53 | 1.07 | 3.67 | 2.26 | — | 2.54 | 3.19 | 3.01 | 2.36 | 2.99 | 5.12 | 3.78 |
| Dec 31, 2007 | 5.06 | 1.45 | 3.61 | 2.78 | — | 2.79 | 3.03 | 2.11 | 2.58 | 3.18 | 3.91 | 3.42 |
| Dec 31, 2006 | 4.83 | 1.39 | 6.13 | 2.50 | — | 2.15 | 3.53 | 3.01 | 3.07 | 3.53 | 4.96 | 3.78 |
| Dec 31, 2005 | 3.94 | 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: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Monolithic Power Systems Inc., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Monolithic Power Systems Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2024 | 5.31 | 2.14 |
| Dec 31, 2023 | 7.74 | 2.45 |
| Dec 31, 2022 | 5.36 | 2.34 |
| Dec 31, 2021 | 4.96 | 2.47 |
| Dec 31, 2020 | 5.73 | 2.47 |
| Dec 31, 2019 | 6.67 | 2.04 |
| Dec 31, 2018 | 7.22 | 2.31 |
| Dec 31, 2017 | 6.81 | 2.90 |
| Dec 31, 2016 | 7.24 | 2.38 |
| Dec 31, 2015 | 7.67 | 2.82 |
| Dec 31, 2014 | 8.36 | 2.58 |
| Dec 31, 2013 | 7.59 | 2.87 |
| Dec 31, 2012 | 9.13 | 2.76 |
| Dec 31, 2011 | 8.11 | 2.67 |
| Dec 31, 2010 | 7.75 | 2.89 |
| Dec 31, 2009 | 8.51 | 3.00 |
| Dec 31, 2008 | 5.53 | 2.79 |
| Dec 31, 2007 | 5.06 | 2.80 |
| Dec 31, 2006 | 4.83 | 2.71 |
| Dec 31, 2005 | 3.94 | 3.22 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Monolithic Power Systems Inc., current ratio, long-term trends, comparison to industry (information technology)
| Monolithic Power Systems Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2024 | 5.31 | 1.24 |
| Dec 31, 2023 | 7.74 | 1.41 |
| Dec 31, 2022 | 5.36 | 1.37 |
| Dec 31, 2021 | 4.96 | 1.55 |
| Dec 31, 2020 | 5.73 | 1.71 |
| Dec 31, 2019 | 6.67 | 1.66 |
| Dec 31, 2018 | 7.22 | 1.88 |
| Dec 31, 2017 | 6.81 | 2.04 |
| Dec 31, 2016 | 7.24 | 2.01 |
| Dec 31, 2015 | 7.67 | 2.03 |
| Dec 31, 2014 | 8.36 | 1.97 |
| Dec 31, 2013 | 7.59 | 2.20 |
| Dec 31, 2012 | 9.13 | 2.07 |
| Dec 31, 2011 | 8.11 | 2.11 |
| Dec 31, 2010 | 7.75 | 2.01 |
| Dec 31, 2009 | 8.51 | 2.03 |
| Dec 31, 2008 | 5.53 | 1.80 |
| Dec 31, 2007 | 5.06 | 1.78 |
| Dec 31, 2006 | 4.83 | 1.85 |
| Dec 31, 2005 | 3.94 | 2.01 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).