Current Ratio
since 2005
Calculation
Amphenol Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 2.17 | = | 6,835,300) | ÷ | 3,152,700) |
| Dec 31, 2022 | 2.42 | = | 6,479,100) | ÷ | 2,676,100) |
| Dec 31, 2021 | 2.43 | = | 5,958,200) | ÷ | 2,447,100) |
| Dec 31, 2020 | 2.38 | = | 5,490,800) | ÷ | 2,304,300) |
| Dec 31, 2019 | 1.97 | = | 4,211,200) | ÷ | 2,132,700) |
| Dec 31, 2018 | 1.86 | = | 4,571,600) | ÷ | 2,451,300) |
| Dec 31, 2017 | 2.95 | = | 4,656,000) | ÷ | 1,579,400) |
| Dec 31, 2016 | 2.20 | = | 3,591,200) | ÷ | 1,635,200) |
| Dec 31, 2015 | 3.82 | = | 3,850,000) | ÷ | 1,008,400) |
| Dec 31, 2014 | 3.35 | = | 3,504,100) | ÷ | 1,045,600) |
| Dec 31, 2013 | 1.96 | = | 3,157,567) | ÷ | 1,609,878) |
| Dec 31, 2012 | 3.05 | = | 2,706,915) | ÷ | 888,514) |
| Dec 31, 2011 | 3.40 | = | 2,181,237) | ÷ | 642,415) |
| Dec 31, 2010 | 3.04 | = | 1,992,130) | ÷ | 654,990) |
| Dec 31, 2009 | 2.82 | = | 1,420,395) | ÷ | 503,159) |
| Dec 31, 2008 | 2.10 | = | 1,335,864) | ÷ | 634,832) |
| Dec 31, 2007 | 2.35 | = | 1,223,808) | ÷ | 520,481) |
| Dec 31, 2006 | 2.09 | = | 934,605) | ÷ | 447,659) |
| Dec 31, 2005 | 2.11 | = | 709,814) | ÷ | 335,930) |
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
An examination of the liquidity position from 2005 to 2023 reveals a consistent and substantial expansion of the balance sheet. Current assets grew from 709.8 million in 2005 to 6.8 billion by 2023, while current liabilities increased from 335.9 million to 3.15 billion over the same period.
- Current Asset Growth
- A sustained upward trajectory is observed in current assets, with steady growth until 2010, followed by a period of more rapid expansion. Total current assets approximately doubled between 2010 and 2014, and continued to increase through 2023, representing a nearly tenfold increase over the entire duration analyzed.
- Current Liability Volatility
- Current liabilities exhibited more volatility than current assets. While the long-term trend is upward, significant fluctuations occurred, most notably a peak in 2013 at 1.6 billion followed by a reduction to approximately 1.0 billion in 2014. Another sharp increase was noted in 2018, reaching 2.45 billion, before stabilizing and eventually rising to 3.15 billion by 2023.
- Current Ratio Analysis
- The current ratio remained healthy throughout the period, consistently staying well above the 1.0 threshold, indicating a strong ability to cover short-term obligations. The ratio reached its peak in 2015 at 3.82 and hit its lowest point in 2018 at 1.86. Between 2019 and 2023, the ratio stabilized within a range of 1.97 to 2.43, ending the period at 2.17.
AI Ask an analyst for more
Comparison to Competitors
Amphenol Corp., current ratio, long-term trends, comparison to competitors
| Amphenol Corp. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Lumentum Holdings Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 2.17 | 0.99 | 4.39 | 1.38 | 0.82 | 4.38 | 2.31 |
| Dec 31, 2022 | 2.42 | 0.88 | 4.29 | 1.43 | 0.80 | 4.38 | 1.91 |
| Dec 31, 2021 | 2.43 | 1.07 | 4.34 | 1.49 | 0.80 | 3.67 | 1.93 |
| Dec 31, 2020 | 2.38 | 1.36 | 4.99 | 1.72 | 0.70 | 7.24 | 2.25 |
| Dec 31, 2019 | 1.97 | 1.54 | 5.81 | 1.51 | 0.80 | 4.53 | 2.35 |
| Dec 31, 2018 | 1.86 | 1.12 | 4.48 | 2.29 | — | 5.27 | 1.89 |
| Dec 31, 2017 | 2.95 | 1.28 | 4.28 | 3.03 | — | 5.05 | 1.88 |
| Dec 31, 2016 | 2.20 | 1.35 | 3.32 | 3.16 | — | 2.82 | 2.58 |
| Dec 31, 2015 | 3.82 | 1.11 | 4.15 | 3.23 | — | 2.55 | 2.01 |
| Dec 31, 2014 | 3.35 | 1.08 | 4.71 | 3.39 | — | — | 2.10 |
| Dec 31, 2013 | 1.96 | 1.68 | — | 2.95 | — | — | 2.16 |
| Dec 31, 2012 | 3.05 | 1.50 | — | 3.49 | — | — | 2.19 |
| Dec 31, 2011 | 3.40 | 1.61 | — | 3.27 | — | — | 2.63 |
| Dec 31, 2010 | 3.04 | 2.01 | — | 2.67 | — | — | 2.15 |
| Dec 31, 2009 | 2.82 | 1.88 | — | 3.24 | — | — | 2.47 |
| Dec 31, 2008 | 2.10 | 2.46 | — | 2.58 | — | — | 2.05 |
| Dec 31, 2007 | 2.35 | 2.36 | — | 2.36 | — | — | 2.21 |
| Dec 31, 2006 | 2.09 | 2.24 | — | 2.27 | — | — | — |
| Dec 31, 2005 | 2.11 | 2.96 | — | 1.37 | — | — | — |
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 (Technology Hardware & Equipment)
Amphenol Corp., current ratio, long-term trends, comparison to sector (technology hardware & equipment)
| Amphenol Corp. | Technology Hardware & Equipment | |
|---|---|---|
| Dec 31, 2023 | 2.17 | 1.05 |
| Dec 31, 2022 | 2.42 | 0.96 |
| Dec 31, 2021 | 2.43 | 1.09 |
| Dec 31, 2020 | 2.38 | 1.25 |
| Dec 31, 2019 | 1.97 | 1.38 |
| Dec 31, 2018 | 1.86 | 1.36 |
| Dec 31, 2017 | 2.95 | 1.67 |
| Dec 31, 2016 | 2.20 | 1.80 |
| Dec 31, 2015 | 3.82 | 1.60 |
| Dec 31, 2014 | 3.35 | 1.64 |
| Dec 31, 2013 | 1.96 | 2.11 |
| Dec 31, 2012 | 3.05 | 2.13 |
| Dec 31, 2011 | 3.40 | 2.25 |
| Dec 31, 2010 | 3.04 | 2.33 |
| Dec 31, 2009 | 2.82 | 2.44 |
| Dec 31, 2008 | 2.10 | 2.52 |
| Dec 31, 2007 | 2.35 | 2.36 |
| Dec 31, 2006 | 2.09 | 2.26 |
| Dec 31, 2005 | 2.11 | 1.80 |
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)
Amphenol Corp., current ratio, long-term trends, comparison to industry (information technology)
| Amphenol Corp. | Information Technology | |
|---|---|---|
| Dec 31, 2023 | 2.17 | 1.41 |
| Dec 31, 2022 | 2.42 | 1.37 |
| Dec 31, 2021 | 2.43 | 1.55 |
| Dec 31, 2020 | 2.38 | 1.71 |
| Dec 31, 2019 | 1.97 | 1.66 |
| Dec 31, 2018 | 1.86 | 1.88 |
| Dec 31, 2017 | 2.95 | 2.04 |
| Dec 31, 2016 | 2.20 | 2.01 |
| Dec 31, 2015 | 3.82 | 2.04 |
| Dec 31, 2014 | 3.35 | 1.98 |
| Dec 31, 2013 | 1.96 | 2.20 |
| Dec 31, 2012 | 3.05 | 2.08 |
| Dec 31, 2011 | 3.40 | 2.12 |
| Dec 31, 2010 | 3.04 | 2.02 |
| Dec 31, 2009 | 2.82 | 2.04 |
| Dec 31, 2008 | 2.10 | 1.80 |
| Dec 31, 2007 | 2.35 | 1.79 |
| Dec 31, 2006 | 2.09 | 1.86 |
| Dec 31, 2005 | 2.11 | 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: 2011-12-31), 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).