Stock Analysis on Net

ON Semiconductor Corp. (NASDAQ:ON)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 29, 2024.

Current Ratio
since 2005

Microsoft Excel

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Calculation

ON Semiconductor Corp., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 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


The analysis of the provided financial data reveals several notable trends in the company's liquidity position over the examined periods.

Current Assets
Current assets have shown a consistent upward trajectory, increasing from approximately $600.3 million in 2005 to nearly $5.9 billion in 2023. This growth indicates a substantial expansion in the company's short-term resources available to meet its obligations. Notably, the most significant increases appeared in the periods 2010 to 2011 and 2021 to 2022, where the values rose sharply, reflecting possible strategic asset accumulation or growth in operational scale.
Current Liabilities
Current liabilities also increased over the years, from about $398.3 million in 2005 to approximately $2.18 billion in 2023. The rise is substantial but less pronounced relative to current assets, which suggests an improving balance between obligations and resources. The peak in current liabilities around 2011 stands out, followed by some fluctuations and a general upward trend, indicating evolving short-term financial commitments potentially linked to business expansion or operational financing needs.
Current Ratio
The current ratio, measuring the company's ability to cover its short-term liabilities with short-term assets, demonstrates an overall improvement in liquidity. Starting at 1.51 in 2005, the ratio generally increased, reaching a peak of 2.78 in 2022 before slightly declining to 2.71 in 2023. Ratios above 1.5 consistently suggest a solid liquidity position. The fluctuations, particularly the dips around 2011 and 2019, followed by recovery, may reflect periods of increased liabilities or strategic asset management. The strong ratios in recent years indicate a comfortable margin for meeting short-term obligations.

In summary, the company exhibits a trend of steadily increasing current assets outpacing the growth in current liabilities, resulting in an improving current ratio. This pattern signifies enhanced liquidity and financial stability, which positions the company well to manage its short-term financial responsibilities. Periodic fluctuations in liabilities and the current ratio may warrant monitoring, but the general movement suggests prudent asset and liability management over the analyzed timeframe.


Comparison to Competitors

ON Semiconductor Corp., current ratio, long-term trends, comparison to competitors

Microsoft Excel

Based on: 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)

ON Semiconductor Corp., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 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)

ON Semiconductor Corp., current ratio, long-term trends, comparison to industry (information technology)

Microsoft Excel

Based on: 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).