Calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 2.13 | = | 5,228) | ÷ | 2,452) |
| Dec 31, 2020 | 2.14 | = | 4,324) | ÷ | 2,017) |
| Dec 31, 2019 | 1.82 | = | 3,267) | ÷ | 1,791) |
| Dec 31, 2018 | 1.54 | = | 5,225) | ÷ | 3,385) |
| Dec 31, 2017 | 2.22 | = | 6,044) | ÷ | 2,718) |
| Dec 31, 2016 | 2.22 | = | 5,398) | ÷ | 2,433) |
| Dec 31, 2015 | 1.89 | = | 4,812) | ÷ | 2,548) |
| Dec 31, 2014 | 2.00 | = | 2,640) | ÷ | 1,320) |
| Dec 31, 2013 | 1.75 | = | 2,092) | ÷ | 1,193) |
| Dec 31, 2012 | 1.31 | = | 1,954) | ÷ | 1,496) |
| Dec 31, 2011 | 1.87 | = | 1,966) | ÷ | 1,049) |
| Dec 31, 2010 | 1.22 | = | 2,136) | ÷ | 1,748) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
1 US$ in millions
The liquidity position from 2010 to 2021 demonstrates a consistent capacity to cover short-term obligations, as the current ratio remained above 1.0 throughout the entire period. While the ratio exhibited volatility in the early years, a general trend toward a stronger liquidity cushion is evident, moving from a minimum of 1.22 in 2010 to a stabilized level of 2.13 by 2021.
- Current Assets Analysis
- Current assets showed a period of relative stability between 2010 and 2013, maintaining values around US$ 2 billion. A significant expansion occurred between 2014 and 2017, with assets peaking at US$ 6,044 million. Following a notable contraction in 2019 to US$ 3,267 million, assets recovered steadily to reach US$ 5,228 million by the end of 2021.
- Current Liabilities Analysis
- Current liabilities experienced fluctuating trends, characterized by a significant decrease in 2011 and a subsequent peak in 2018 at US$ 3,385 million. A sharp reduction in liabilities was observed in 2019, falling to US$ 1,791 million, before gradually increasing to US$ 2,452 million by 2021.
- Current Ratio Performance
- The current ratio fluctuated between 1.22 and 2.22. A period of peak liquidity was observed in 2016 and 2017, where the ratio held steady at 2.22. A temporary decline to 1.54 occurred in 2018, driven by the simultaneous increase in current liabilities and a decrease in current assets. Recovery followed in 2020 and 2021, with the ratio stabilizing above 2.10, indicating a robust short-term financial position.
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Comparison to Competitors
| NXP Semiconductors N.V. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Marvell Technology Inc. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 2.13 | 2.02 | 1.94 | 2.54 | 2.64 | 2.10 | 2.71 | 3.30 | 1.50 | 3.10 | 4.09 | 1.68 | 5.33 |
| Dec 31, 2020 | 2.14 | 2.54 | 1.84 | 3.00 | 1.87 | 1.91 | 2.78 | 3.43 | 2.16 | 2.71 | 7.67 | 2.14 | 4.28 |
| Dec 31, 2019 | 1.82 | 1.95 | 1.32 | 2.30 | 1.44 | 1.40 | 2.44 | 3.61 | 2.19 | 2.58 | 7.94 | 1.88 | 4.13 |
| Dec 31, 2018 | 1.54 | 1.78 | 1.50 | 2.64 | 3.90 | 1.73 | 3.73 | 2.90 | 5.61 | 2.79 | 8.03 | 1.55 | 3.27 |
| Dec 31, 2017 | 2.22 | 1.76 | 1.47 | 3.14 | 6.26 | 1.69 | 3.40 | 3.10 | 4.59 | 2.34 | 4.77 | 4.00 | 3.87 |
| Dec 31, 2016 | 2.22 | 1.88 | 6.35 | 2.30 | 2.31 | 1.75 | 3.86 | 3.81 | 2.38 | 1.96 | 2.57 | 3.14 | 3.29 |
| Dec 31, 2015 | 1.89 | 1.65 | 3.66 | 2.44 | 3.37 | 2.58 | 3.90 | 2.38 | 5.25 | 2.20 | 6.38 | 3.62 | 2.77 |
| Dec 31, 2014 | 2.00 | 1.90 | 5.38 | 2.47 | 3.77 | 1.73 | 5.12 | 3.02 | 4.36 | 2.13 | 5.95 | 3.73 | 2.92 |
| Dec 31, 2013 | 1.75 | 1.78 | 9.59 | 2.31 | 4.30 | 2.36 | 5.05 | 2.70 | 4.25 | 2.16 | 4.89 | 3.75 | 2.92 |
| Dec 31, 2012 | 1.31 | 1.62 | 8.94 | 2.25 | 4.89 | 2.43 | 4.83 | 3.09 | 5.22 | 2.57 | 4.20 | 2.95 | 2.40 |
| Dec 31, 2011 | 1.87 | 1.82 | 8.35 | 3.71 | 3.98 | 2.15 | 4.17 | 4.79 | 5.79 | 2.35 | 3.42 | 2.70 | 2.24 |
| Dec 31, 2010 | 1.22 | 2.15 | 5.41 | 2.34 | 1.92 | 3.39 | 3.67 | 3.14 | 4.35 | 2.34 | 3.16 | 2.22 | 3.56 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
NXP Semiconductors N.V., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| NXP Semiconductors N.V. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2021 | 2.13 | 2.45 |
| Dec 31, 2020 | 2.14 | 2.46 |
| Dec 31, 2019 | 1.82 | 2.04 |
| Dec 31, 2018 | 1.54 | 2.34 |
| Dec 31, 2017 | 2.22 | 2.92 |
| Dec 31, 2016 | 2.22 | 2.38 |
| Dec 31, 2015 | 1.89 | 2.86 |
| Dec 31, 2014 | 2.00 | 2.61 |
| Dec 31, 2013 | 1.75 | 2.89 |
| Dec 31, 2012 | 1.31 | 2.80 |
| Dec 31, 2011 | 1.87 | 2.73 |
| Dec 31, 2010 | 1.22 | 2.92 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
Comparison to Industry (Information Technology)
NXP Semiconductors N.V., current ratio, long-term trends, comparison to industry (information technology)
| NXP Semiconductors N.V. | Information Technology | |
|---|---|---|
| Dec 31, 2021 | 2.13 | 1.55 |
| Dec 31, 2020 | 2.14 | 1.71 |
| Dec 31, 2019 | 1.82 | 1.66 |
| Dec 31, 2018 | 1.54 | 1.88 |
| Dec 31, 2017 | 2.22 | 2.04 |
| Dec 31, 2016 | 2.22 | 2.01 |
| Dec 31, 2015 | 1.89 | 2.04 |
| Dec 31, 2014 | 2.00 | 1.98 |
| Dec 31, 2013 | 1.75 | 2.20 |
| Dec 31, 2012 | 1.31 | 2.08 |
| Dec 31, 2011 | 1.87 | 2.12 |
| Dec 31, 2010 | 1.22 | 2.02 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).