ON Current Ratio Analysis

The current ratio measures short-term liquidity by dividing current assets by current liabilities.

At 3.46x, ON holds $3.46 in current assets for every $1 of current liabilities, which signals strong ability to cover near-term obligations. This sits well above the sector median of 1.24x, placing ON in the 91st percentile among sector peers. The year-over-year change is not available, and the full 8-quarter trend is also not available, but the quarter-over-quarter change is -29.0%, falling from 4.87x to 3.46x. The high level points to low immediate liquidity risk, yet the sharp quarterly decline suggests the buffer is eroding quickly. This supports the overall cautious verdict because the strong starting position is being undermined by a fast negative trend.

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