ONTO Current Ratio Analysis
Higher than 89% of Technology sector peers
Updated 120h ago·SEC filings & market data
Key Takeaway
The current ratio measures a company's ability to pay short-term liabilities with short-term assets; a ratio of 6.15x for ONTO means it has $6.15 in current assets for every $1 of current liabilities, indicating substantial liquidity.
Sector Performance
89th percentileONTO
6.15x
Sector Median
1.96x
Sector Avg
10.67x
Deep Analysis
The current ratio measures a company's ability to pay short-term liabilities with short-term assets; a ratio of 6.15x for ONTO means it has $6.15 in current assets for every $1 of current liabilities, indicating substantial liquidity.
Among Technology sector peers, this value far exceeds the median of 1.95x, placing ONTO in the 90th percentile — well above most competitors. No trend data is available because the year-over-year change, quarter-over-quarter change, and last eight quarters of history are all listed as N/A, so no directional pattern can be assessed. The combination of a very high current ratio with no observable trend suggests a current position of low default risk but offers no insight into whether that liquidity is stable, improving, or deteriorating. This high liquidity level alone does not contradict a NEUTRAL verdict, as excessive cash or receivables could also signal inefficient asset use, balancing the safety it provides. Therefore, the metric aligns with the overall NEUTRAL view, highlighting a strong liquidity buffer that is common but not decisive for investment.
Frequently Asked Questions
What does the Current Ratio tell investors about ONTO?
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
How is the Current Ratio calculated?
Current Ratio is calculated as: Current Assets / Current Liabilities.
How does ONTO's Current Ratio compare to its sector?
ONTO's Current Ratio of 6.15x compares to a Technology sector median of 1.96x, placing it in the 89th percentile.
Who are ONTO's closest peers by Current Ratio?
The closest Technology peers by Current Ratio include: ORCL (1.12x), PCTY (1.08x), UBER (1.07x), SAP (1.07x), AAPL (1.07x).
Learn More About Current Ratio
The Formula
Current Assets / Current Liabilities
Why It Matters
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
Master ONTO's Valuation
Get the complete institutional research report covering all fundamental and technical metrics.
View full ONTO research report →ONTO
6.15x
Sector Median
1.96x
Sector Avg
10.67x
How ONTO's Current Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.