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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. InterDigital's current ratio for the quarter that ended in Dec. 2023 was 1.33.
InterDigital has a current ratio of 1.33. It generally indicates good short-term financial strength.
The historical rank and industry rank for InterDigital's Current Ratio or its related term are showing as below:
During the past 13 years, InterDigital's highest Current Ratio was 5.71. The lowest was 1.33. And the median was 3.36.
The historical data trend for InterDigital's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Application subindustry, InterDigital's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Software industry and Technology sector, InterDigital's Current Ratio distribution charts can be found below:
* The bar in red indicates where InterDigital's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
InterDigital's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 1167.624 | / | 881.128 | |
= | 1.33 |
InterDigital's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 1167.624 | / | 881.128 | |
= | 1.33 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
InterDigital (NAS:IDCC) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of InterDigital's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Joshua D. Schmidt | officer: CLO & Corp Sec | 200 BELLEVUE PARKWAY, SUITE 300, WILMINGTON DE 19809 |
Rajesh Pankaj | officer: Chief Technology Officer | 200 BELLEVUE PARKWAY, SUITE 300, WILMINGTON DE 19809 |
Eeva K. Hakoranta | officer: Chief Licensing Officer | 200 BELLEVUE PARKWAY, SUITE 300, WILMINGTON DE 19809 |
Eric Cohen | officer: Chief Strategy& Growth Officer | 5220 LAS VIRGENES ROAD, CALABASAS CA 91302 |
Pierre-yves Lesaicherre | director | C/O INTERDIGITAL, INC., 200 BELLEVUE PKWY, STE 300, WILMINGTON DE 19809 |
Markley John D. Jr. | director | COLUMBIA CAPITAL, 201 NORTH UNION STREET, SUITE VA 22314 |
Samir Armaly | director | C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134 |
John A Kritzmacher | director | C/O GLOBAL CROSSING LIMITED, 200 PARK AVENUE, SUITE 300, FLORHAM PARK NJ 07932 |
Jean F Rankin | director | 1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109 |
Richard Brezski | officer: Chief Accounting Officer | 781 THIRD AVENUE, KING OF PRUSSIA PA 19406-1409 |
Derek K Aberle | director | 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121 |
Henry Tirri | officer: Chief Technology Officer | 400 ATLANTIC STREET, SUITE 1500, STAMFORD CT 06901 |
Stewart D Hutcheson | director | 5887 COPLEY DRIVE, SAN DIEGO CA 92111 |
Joan H Gillman | director | C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130 |
Lawrence Liren Chen | director, officer: President and CEO | 200 BELLEVUE PARKWAY, SUITE 300, WILMINGTON DE 19809 |
From GuruFocus
By sperokesalga 06-01-2023
By sperokesalga 05-08-2023
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