Current Ratio
since 2005
Calculation
Teradyne Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 3.28 | = | 2,162,035) | ÷ | 659,951) |
| Dec 31, 2022 | 3.03 | = | 2,257,915) | ÷ | 746,263) |
| Dec 31, 2021 | 3.20 | = | 2,576,227) | ÷ | 805,120) |
| Dec 31, 2020 | 3.45 | = | 2,415,434) | ÷ | 700,871) |
| Dec 31, 2019 | 3.08 | = | 1,658,884) | ÷ | 539,029) |
| Dec 31, 2018 | 3.64 | = | 1,732,482) | ÷ | 476,287) |
| Dec 31, 2017 | 5.00 | = | 2,270,281) | ÷ | 454,336) |
| Dec 31, 2016 | 4.36 | = | 1,623,803) | ÷ | 372,696) |
| Dec 31, 2015 | 3.38 | = | 1,259,968) | ÷ | 372,857) |
| Dec 31, 2014 | 4.25 | = | 1,243,846) | ÷ | 292,406) |
| Dec 31, 2013 | 3.03 | = | 1,440,277) | ÷ | 475,632) |
| Dec 31, 2012 | 4.15 | = | 1,236,061) | ÷ | 297,828) |
| Dec 30, 2011 | 2.94 | = | 1,099,887) | ÷ | 373,684) |
| Dec 31, 2010 | 3.24 | = | 1,176,618) | ÷ | 363,704) |
| Dec 31, 2009 | 2.69 | = | 762,292) | ÷ | 283,357) |
| Dec 31, 2008 | 1.85 | = | 678,653) | ÷ | 366,963) |
| Dec 31, 2007 | 4.23 | = | 944,933) | ÷ | 223,234) |
| Dec 31, 2006 | 3.42 | = | 889,410) | ÷ | 259,716) |
| Dec 31, 2005 | 2.12 | = | 1,094,942) | ÷ | 515,495) |
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: 2011-12-30), 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 financial data indicates a consistently strong liquidity position over the period from 2005 to 2023. Current assets have experienced significant long-term growth, increasing from approximately 1.09 billion US dollars in 2005 to 2.16 billion US dollars by the end of 2023, despite periodic fluctuations. Current liabilities have remained relatively contained in comparison, resulting in a current ratio that consistently exceeds 1.85, signifying a robust ability to meet short-term obligations.
- Asset and Liability Growth Trends
- A general upward trajectory in current assets is observed, with a notable expansion phase between 2012 and 2021, where assets peaked at 2.58 billion US dollars. While current liabilities also increased over the long term, the growth was less aggressive. Liabilities peaked in 2021 at 805 million US dollars before trending downward to 659 million US dollars in 2023, contributing to the maintenance of a high liquidity cushion.
- Current Ratio Volatility and Peaks
- The current ratio exhibited significant volatility in the early part of the observed period, reaching a low of 1.85 in 2008 before recovering. A period of substantial liquidity expansion occurred between 2010 and 2017, culminating in a peak ratio of 5.00 in 2017. This suggests an aggressive accumulation of liquid assets relative to short-term debt during that interval.
- Recent Liquidity Stabilization
- From 2018 through 2023, the current ratio entered a stabilization phase, fluctuating within a narrower range between 3.03 and 3.64. The most recent value of 3.28 as of December 31, 2023, confirms that the organization maintains a conservative financial posture, keeping current assets more than triple the value of its current liabilities.
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Comparison to Competitors
Teradyne Inc., current ratio, long-term trends, comparison to competitors
| Teradyne 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, 2023 | 3.28 | 2.51 | 1.37 | 2.60 | 2.82 | 1.54 | 2.24 | 3.16 | 1.37 | 4.46 | 3.52 | 2.33 | 4.55 |
| Dec 31, 2022 | 3.03 | 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 | 3.20 | 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 | 3.45 | 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 | 3.08 | 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 | 3.64 | 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 | 5.00 | 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 | 4.36 | 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 | 3.38 | 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 | 4.25 | 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 | 3.03 | 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 | 4.15 | 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 30, 2011 | 2.94 | 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 | 3.24 | 2.15 | 5.41 | 2.34 | 1.92 | 3.39 | 3.67 | 3.14 | 4.35 | 2.34 | 3.16 | 2.22 | 3.56 |
| Dec 31, 2009 | 2.69 | 1.93 | 6.44 | 2.93 | 1.36 | 2.79 | 4.25 | 3.51 | 3.81 | 1.77 | 2.78 | 4.47 | 3.85 |
| Dec 31, 2008 | 1.85 | 1.07 | 3.67 | 2.26 | — | 2.54 | 3.19 | 3.01 | 2.58 | 2.36 | 2.99 | 5.12 | 3.78 |
| Dec 31, 2007 | 4.23 | 1.45 | 3.61 | 2.78 | — | 2.79 | 3.03 | 2.11 | 1.90 | 2.58 | 3.18 | 3.91 | 3.42 |
| Dec 31, 2006 | 3.42 | 1.39 | 6.13 | 2.50 | — | 2.15 | 3.53 | 3.01 | 4.51 | 3.07 | 3.53 | 4.96 | 3.78 |
| Dec 31, 2005 | 2.12 | 1.95 | 4.56 | 5.35 | — | 2.30 | 3.44 | 3.28 | 4.74 | 2.99 | 3.10 | 7.28 | 3.92 |
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: 2011-12-30), 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)
Teradyne Inc., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Teradyne Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2023 | 3.28 | 2.42 |
| Dec 31, 2022 | 3.03 | 2.33 |
| Dec 31, 2021 | 3.20 | 2.45 |
| Dec 31, 2020 | 3.45 | 2.46 |
| Dec 31, 2019 | 3.08 | 2.04 |
| Dec 31, 2018 | 3.64 | 2.34 |
| Dec 31, 2017 | 5.00 | 2.92 |
| Dec 31, 2016 | 4.36 | 2.38 |
| Dec 31, 2015 | 3.38 | 2.86 |
| Dec 31, 2014 | 4.25 | 2.61 |
| Dec 31, 2013 | 3.03 | 2.89 |
| Dec 31, 2012 | 4.15 | 2.80 |
| Dec 30, 2011 | 2.94 | 2.73 |
| Dec 31, 2010 | 3.24 | 2.92 |
| Dec 31, 2009 | 2.69 | 3.02 |
| Dec 31, 2008 | 1.85 | 2.79 |
| Dec 31, 2007 | 4.23 | 2.78 |
| Dec 31, 2006 | 3.42 | 2.74 |
| Dec 31, 2005 | 2.12 | 3.23 |
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: 2011-12-30), 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)
Teradyne Inc., current ratio, long-term trends, comparison to industry (information technology)
| Teradyne Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2023 | 3.28 | 1.41 |
| Dec 31, 2022 | 3.03 | 1.37 |
| Dec 31, 2021 | 3.20 | 1.55 |
| Dec 31, 2020 | 3.45 | 1.71 |
| Dec 31, 2019 | 3.08 | 1.66 |
| Dec 31, 2018 | 3.64 | 1.88 |
| Dec 31, 2017 | 5.00 | 2.04 |
| Dec 31, 2016 | 4.36 | 2.01 |
| Dec 31, 2015 | 3.38 | 2.04 |
| Dec 31, 2014 | 4.25 | 1.98 |
| Dec 31, 2013 | 3.03 | 2.20 |
| Dec 31, 2012 | 4.15 | 2.08 |
| Dec 30, 2011 | 2.94 | 2.12 |
| Dec 31, 2010 | 3.24 | 2.02 |
| Dec 31, 2009 | 2.69 | 2.04 |
| Dec 31, 2008 | 1.85 | 1.80 |
| Dec 31, 2007 | 4.23 | 1.79 |
| Dec 31, 2006 | 3.42 | 1.86 |
| Dec 31, 2005 | 2.12 | 2.02 |
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: 2011-12-30), 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).