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 Mar. 2023 was 2.91.
Skyworks Solutions has a current ratio of 2.91. 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: 3.37 Max: 11.36
Current: 2.91
During the past 13 years, Skyworks Solutions's highest Current Ratio was 11.36. The lowest was 0.65. And the median was 3.37.
SWKS's Current Ratio is ranked better than 58.03% of 953
companies
in the Semiconductors industry
Industry Median: 2.45
vs SWKS: 2.91
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
5.80
5.97
5.17
4.35
2.63
Skyworks Solutions Quarterly Data
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Current Ratio
3.98
2.37
2.63
2.79
2.91
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 is calculated as
* 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 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.
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