Current Ratio
since 2015
Calculation
SolarEdge Technologies Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 3.26 | = | 2,899,658) | ÷ | 889,717) |
| Dec 31, 2021 | 3.26 | = | 1,711,291) | ÷ | 525,181) |
| Dec 31, 2020 | 3.94 | = | 1,719,341) | ÷ | 436,099) |
| Dec 31, 2019 | 2.14 | = | 932,763) | ÷ | 436,714) |
| Dec 31, 2018 | 3.00 | = | 678,113) | ÷ | 225,718) |
| Dec 31, 2017 | 3.67 | = | 476,686) | ÷ | 129,754) |
| Jun 30, 2016 | 3.55 | = | 309,750) | ÷ | 87,271) |
| Jun 30, 2015 | 2.75 | = | 290,412) | ÷ | 105,592) |
Based on: 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: 2016-06-30), 10-K (reporting date: 2015-06-30).
1 US$ in thousands
The liquidity position from 2015 to 2022 is characterized by a sustained ability to cover short-term obligations, with the current ratio consistently remaining well above the 1.0 threshold. A significant expansion in the scale of both current assets and current liabilities is evident, reflecting substantial growth in the operational balance sheet.
- Asset and Liability Growth
- Current assets exhibited a strong upward trajectory, increasing from US$ 290,412 thousand in June 2015 to US$ 2,899,658 thousand by December 2022. This expansion was mirrored by current liabilities, which rose from US$ 105,592 thousand to US$ 889,717 thousand over the same period. A particularly sharp increase in assets was observed between 2019 and 2020, where the value nearly doubled from US$ 932,763 thousand to US$ 1,719,341 thousand.
- Current Ratio Fluctuations
- The current ratio experienced notable volatility, peaking at 3.94 in 2020 and reaching a period low of 2.14 in 2019. The decline in 2019 was primarily driven by a significant increase in current liabilities, which rose from US$ 225,718 thousand in 2018 to US$ 436,714 thousand. The subsequent recovery in 2020 was attributed to a rapid surge in current assets while liabilities remained nearly flat.
- Recent Liquidity Stability
- For the final two years of the analysis, the current ratio remained constant at 3.26. This stability indicates a consistent relationship between short-term assets and obligations, maintaining a substantial liquidity cushion despite the continued growth of total current liabilities to US$ 889,717 thousand by the end of 2022.
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Comparison to Competitors
SolarEdge Technologies Inc., current ratio, long-term trends, comparison to competitors
| SolarEdge Technologies Inc. | 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, 2022 | 3.26 | 2.36 | 2.02 | 2.16 | 2.62 | 1.57 | 2.50 | 2.69 | 1.80 | 2.89 | 6.65 | 1.75 | 4.70 |
| Dec 31, 2021 | 3.26 | 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 | 3.94 | 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 | 2.14 | 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 | 3.00 | 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 | 3.67 | 1.76 | 1.47 | 3.14 | 6.26 | 1.69 | 3.40 | 3.10 | 4.59 | 2.34 | 4.77 | 4.00 | 3.87 |
| Jun 30, 2016 | 3.55 | 1.88 | 6.35 | 2.30 | 2.31 | 1.75 | 3.86 | 3.81 | 2.38 | 1.96 | 2.57 | 3.14 | 3.29 |
| Jun 30, 2015 | 2.75 | 1.65 | 3.66 | 2.44 | 3.37 | 2.58 | 3.90 | 2.38 | 5.25 | 2.20 | 6.38 | 3.62 | 2.77 |
Based on: 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: 2016-06-30), 10-K (reporting date: 2015-06-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
SolarEdge Technologies Inc., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| SolarEdge Technologies Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2022 | 3.26 | 2.33 |
| Dec 31, 2021 | 3.26 | 2.45 |
| Dec 31, 2020 | 3.94 | 2.46 |
| Dec 31, 2019 | 2.14 | 2.04 |
| Dec 31, 2018 | 3.00 | 2.34 |
| Dec 31, 2017 | 3.67 | 2.92 |
| Jun 30, 2016 | 3.55 | 2.38 |
| Jun 30, 2015 | 2.75 | 2.86 |
Based on: 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: 2016-06-30), 10-K (reporting date: 2015-06-30).
Comparison to Industry (Information Technology)
SolarEdge Technologies Inc., current ratio, long-term trends, comparison to industry (information technology)
| SolarEdge Technologies Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | 3.26 | 1.37 |
| Dec 31, 2021 | 3.26 | 1.55 |
| Dec 31, 2020 | 3.94 | 1.71 |
| Dec 31, 2019 | 2.14 | 1.66 |
| Dec 31, 2018 | 3.00 | 1.88 |
| Dec 31, 2017 | 3.67 | 2.04 |
| Jun 30, 2016 | 3.55 | 2.01 |
| Jun 30, 2015 | 2.75 | 2.04 |
Based on: 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: 2016-06-30), 10-K (reporting date: 2015-06-30).