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Skyworks Solutions (NAS:SWKS) Current Ratio

: 2.79 (As of Dec. 2022)
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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. Skyworks Solutions's current ratio for the quarter that ended in Dec. 2022 was 2.79.

Skyworks Solutions has a current ratio of 2.79. It generally indicates good short-term financial strength.

The historical rank and industry rank for Skyworks Solutions's Current Ratio or its related term are showing as below:

SWKS' s Current Ratio Range Over the Past 10 Years
Min: 0.65   Med: 3.38   Max: 11.36
Current: 2.79

During the past 13 years, Skyworks Solutions's highest Current Ratio was 11.36. The lowest was 0.65. And the median was 3.38.

SWKS's Current Ratio is ranked better than
55.73% of 951 companies
in the Semiconductors industry
Industry Median: 2.50 vs SWKS: 2.79

Skyworks Solutions Current Ratio Historical Data

The historical data trend for Skyworks Solutions'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.

* Premium members only.

Skyworks Solutions Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Current Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.80 5.97 5.17 4.35 2.63

Skyworks Solutions Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.20 3.98 2.37 2.63 2.79

Competitive Comparison

For the Semiconductors subindustry, Skyworks Solutions'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.

   

Skyworks Solutions Current Ratio Distribution

For the Semiconductors industry and Technology sector, Skyworks Solutions's Current Ratio distribution charts can be found below:

* The bar in red indicates where Skyworks Solutions's Current Ratio falls in comparison to its industry or sector. The grey bar indicates the Current Ratio's extreme value range as defined by GuruFocus.



Skyworks Solutions Current Ratio Calculation

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.

Skyworks Solutions's Current Ratio for the fiscal year that ended in Sep. 2022

Current Ratio (A: Sep. 2022 )=Total Current Assets (A: Sep. 2022 )/Total Current Liabilities (A: Sep. 2022 )
=3229.9/1226.9
=2.63

Skyworks Solutions's Current Ratio for the quarter that ended in Dec. 2022 is calculated as

Current Ratio (Q: Dec. 2022 )=Total Current Assets (Q: Dec. 2022 )/Total Current Liabilities (Q: Dec. 2022 )
=3414.3/1225.5
=2.79

* 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.


Skyworks Solutions  (NAS:SWKS) 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.


Skyworks Solutions Current Ratio Related Terms

Thank you for viewing the detailed overview of Skyworks Solutions's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Skyworks Solutions (NAS:SWKS) Business Description

Skyworks Solutions logo
Traded in Other Exchanges
Address
5260 California Avenue, Irvine, CA, USA, 92617
Skyworks Solutions produces semiconductors for wireless handsets and other devices that are used to enable wireless connectivity. Its main products include power amplifiers, filters, switches, and integrated front-end modules that support wireless transmissions. Skyworks' customers are mostly large smartphone manufacturers, but the firm also has a growing presence in nonhandset applications such as wireless routers, medical devices, and automobiles.
Executives
Suzanne E. Mcbride director C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Eric Guerin director 1950 HASSELL ROAD, HOFFMAN ESTATES IL 60169
Reza Kasnavi officer: SVP, Tech. & Manufacturing 5260 CALIFORNIA AVENUE, IRVINE CA 92617
Karilee A Durham officer: SVP, Human Resources 5260 CALIFORNIA AVENUE, IRVINE CA 92617
Alan S. Batey director 300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Kimberly S Stevenson director 199 FREMONT STREET, 7TH FLOOR, SAN FRANCISCO CA 94105
Carlos S Bori officer: VP, Sales & Marketing 5260 CALIFORNIA AVENUE, IRVINE CA 92617
Robert John Terry officer: VP, General Counsel &Secretary 5260 CALIFORNIA AVENUE, IRVINE CA 92617
Kris Sennesael officer: SVP & Chief Financial Officer 5260 CALIFORNIA AVENUE, IRVINE CA 92617
Laura A Gasparini officer: VP, Human Resources 20 SYLVAN ROAD, WOBURN MA 01801
Peter L Gammel officer: Chief Technology Officer 600 LEXINGTON AVENUE, 29TH FLOOR, NEW YORK NY 10021
Victoria Vezina officer: VP, Human Resources 20 SYLVAN ROAD, WOBURN MA 01801
Christine King director AMIS HOLDINGS, INC., 2300 BUCKSKIN RD, POCATELLO ID 83201
Bruce J Freyman officer: Vice President - Operations 5221 CALIFORNIA AVE., IRVINE CA 92617
Donald W Palette officer: V. P., Chief Financial Officer 20 SYLVAN ROAD, WOBURN MA 01801

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