Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

$24.99

Current Ratio
since 2005

Microsoft Excel

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Calculation

Qualcomm Inc., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).

1 US$ in millions


Current Assets Trend
Current assets have generally increased over the period from 2005 to 2024, starting at $7,791 million in 2005 and reaching $25,231 million in 2024. There are some fluctuations, with a significant peak in 2017 at $43,593 million, followed by a decline in 2018 and 2019, after which the figures gradually rose again through to 2024.
Current Liabilities Trend
Current liabilities have also risen over the years, moving from $1,070 million in 2005 to $10,504 million in 2024. The increase was particularly pronounced between 2009 and 2013, reaching as high as $11,907 million in 2017. After this peak, liabilities declined somewhat until 2019, before increasing moderately again through 2024.
Current Ratio Analysis
The current ratio, indicating short-term liquidity, shows a downward trend over the analyzed period. It started at a high level of 7.28 in 2005, indicating strong liquidity, then decreased significantly around 2010-2011 to near 2.2-2.7. It dipped further to its lowest point of 1.55 in 2018, signaling tighter liquidity conditions. Since then, it has gradually improved to around 2.4 by 2024, indicating a moderate recovery in short-term financial stability.
Overall Liquidity Insights
The increasing levels of both current assets and current liabilities suggest expansion in the company’s operations and associated working capital requirements. However, the concurrent decline and recent partial recovery of the current ratio indicate that liabilities have grown at a faster pace than assets during much of this period, particularly around 2017-2018. The more recent increases in the current ratio reflect an improving liquidity position, though it remains considerably lower than the levels observed in the early years.

Comparison to Competitors

Qualcomm Inc., current ratio, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Qualcomm Inc., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).


Comparison to Industry (Information Technology)