The company has significantly strengthened its financial position, successfully reducing its debt-to-equity ratio from 1.07 in 2023Q4 to 0.36 by 2026Q1 while accumulating $1.1B in total equity.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Current Assets | 1.39B | 1.39B | 1.23B | 1.17B | 1.34B | 1.05B | 1.03B | 1.02B | 1.02B | 1.4B | 1.22B | 1.01B | 843.18M | 857.51M | 814.35M | 768.89M | 619.56M | 702.32M | 241.02M | 371.41M | 453.8M | 175.72M | 156.62M | 152.39M | 148.68M | 111.23M | 115.98M | 108.74M | 75.4M | 46.6M | 86.7M |
| Cash & Short-Term Investments | 1.09B | 1.24B | 958.21M | 1.01B | 1.2B | 941.63M | 929.75M | 935.22M | 945.78M | 1.16B | 952.76M | 933.71M | 703.93M | 698.45M | 577.28M | 677.99M | 541.67M | 409.81M | 141.66M | 177.47M | 263.97M | 105.71M | 131.82M | 105.93M | 87.57M | 90.36M | 88.99M | 83.14M | 20.1M | 17.8M | 12M |
| Cash Only | 617.59M | 738.96M | 527.36M | 437.08M | 693.48M | 706.28M | 476.58M | 756.02M | 475.06M | 433.01M | 404.07M | 510.21M | 428.57M | 497.71M | 349.84M | 342.21M | 215.45M | 210.86M | 100.14M | 92.02M | 166.38M | 27.88M | 15.74M | 20.88M | 22.34M | 17.89M | 12.34M | 14.59M | 20.1M | 17.8M | 12M |
| Short-Term Investments | 474.26M | 504.2M | 430.85M | 569.28M | 508.3M | 235.34M | 453.17M | 179.2M | 470.72M | 724.98M | 548.69M | 423.5M | 275.36M | 200.74M | 227.44M | 335.78M | 326.22M | 198.94M | 41.52M | 85.45M | 97.58M | 77.83M | 116.08M | 85.05M | 65.23M | 72.47M | 76.64M | 68.55M | 0 | 0 | 0 |
| Accounts Receivable | 258.89M | 69.82M | 204.99M | 137.13M | 117.3M | 88.24M | 16.01M | 28.27M | 35.03M | 216.29M | 228.46M | 53.87M | 51.7M | 92.83M | 169.87M | 28.08M | 33.63M | 212.91M | 33.89M | 130.88M | 131.85M | 19.53M | 11.61M | 37.84M | 53.49M | 14.48M | 16.93M | 10.88M | 14.98M | 3.1M | 13.9M |
| Days Sales Outstanding | 102.03 | 30.55 | 86.15 | 91.07 | 93.52 | 75.71 | 16.28 | 32.36 | 41.6 | 148.14 | 125.24 | 44.54 | 45.38 | 104.14 | 93.51 | 33.97 | 31.11 | 261.3 | 54.15 | 203.95 | 100.17 | 43.71 | 40.88 | 120.54 | 222.11 | 100.54 | 108.63 | 56.22 | 55.12 | 22.7 | 94.48 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.2M | 37M | -624M | -506.53M | -341.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.09M | 5.1M | 12.3M | 13.9M |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | 66.85 | 106.93 | - | - | - | - | - | - | - | - | - | - | - | - | 1.05K | 143.77 | 121.14 | 214.07 |
| Other Current Assets | 5.44M | 74.99M | 28.67M | 14.79M | 16.55M | 9.08M | 81.12M | 52.84M | 0 | 21.51M | 0 | 23.39M | 0 | 26.2M | 37M | 53.99M | 35.14M | 68.5M | 49M | 63.07M | 43.52M | 42.1M | 5.17M | 1.75M | 0 | 6.38M | 10.07M | 11.63M | 35.2M | 13.4M | 46.9M |
| Total Non-Current Assets | 684.52M | 676.32M | 604.71M | 603.19M | 555.43M | 577.87M | 589.4M | 595.75M | 602.31M | 458.63M | 506.73M | 463.52M | 351.41M | 255.67M | 242.26M | 228.08M | 255.09M | 203.46M | 164.75M | 163.47M | 110.27M | 123.82M | 85.3M | 52.77M | 42.5M | 37.15M | 25.64M | 17.83M | 24.1M | 22.8M | 25.9M |
| Property, Plant & Equipment | 36.5M | 23.71M | 33.76M | 27.31M | 29.37M | 31.23M | 39.9M | 34.73M | 464.62M | 336.08M | 323.39M | 289.73M | 12.55M | 215.91M | 185.38M | 145.96M | 138.65M | 129.57M | 20.97M | 24.59M | 16.68M | 10.66M | 10.72M | 12.14M | 14.09M | 14.4M | 11.3M | 7.39M | 9.7M | 11.4M | 10.5M |
| Fixed Asset Turnover | 7.22x | 35.17x | 25.72x | 20.12x | 15.59x | 13.62x | 9.00x | 9.18x | 0.66x | 1.59x | 2.06x | 1.52x | 33.14x | 1.51x | 3.58x | 2.07x | 2.85x | 2.30x | 10.89x | 9.52x | 28.80x | 15.30x | 9.68x | 9.44x | 6.24x | 3.65x | 5.03x | 9.56x | 10.23x | 4.37x | 5.11x |
| Goodwill | 24.07M | 24.07M | 22.42M | 22.42M | 22.42M | 22.42M | 22.42M | 22.42M | 22.42M | 16M | 16.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 319.16M | 318.76M | 308.63M | 313M | 354M | 363.58M | 418.34M | 436.34M | 456.39M | 327.47M | 313.07M | 277.58M | 265.54M | 206.37M | 177.56M | 137.96M | 130.31M | 119.17M | 125.54M | 87.09M | 70.5M | 59.52M | 40.97M | 32.25M | 15.02M | 11.33M | 10.1M | 9.72M | 9.9M | 9.3M | 9.8M |
| Long-Term Investments | 296.78M | 131.56M | 19.85M | 31.89M | 19.59M | 60.69M | 9.98M | 25.48M | -533.62M | -412.05M | -478.77M | -438.15M | 0 | -243M | -208.24M | -192.07M | -202.06M | -150.82M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 31.89M | 36.89M | 91.91M | 79.59M | 35.67M | 1.54M | 18.37M | 3.61M | 137.69M | 122.55M | 183.34M | 173.79M | 1.54M | 39.76M | 56.88M | 82.12M | 116.44M | 73.89M | 10.51M | 36.95M | 16.68M | 4.96M | 6.45M | 8.39M | 13.39M | 11.42M | 4.24M | 712K | 4.5M | 2.1M | 5.6M |
| Total Assets | 2.07B | 2.06B | 1.84B | 1.77B | 1.9B | 1.63B | 1.62B | 1.61B | 1.63B | 1.85B | 1.73B | 1.47B | 1.19B | 1.11B | 1.06B | 996.97M | 874.64M | 905.78M | 405.77M | 534.88M | 564.08M | 299.54M | 241.92M | 205.16M | 191.18M | 148.38M | 141.63M | 126.57M | 99.5M | 69.4M | 112.6M |
| Asset Turnover | 0.40x | 0.40x | 0.47x | 0.31x | 0.24x | 0.26x | 0.22x | 0.20x | 0.19x | 0.29x | 0.39x | 0.30x | 0.35x | 0.29x | 0.63x | 0.30x | 0.45x | 0.33x | 0.56x | 0.44x | 0.85x | 0.54x | 0.43x | 0.56x | 0.46x | 0.35x | 0.40x | 0.56x | 1.00x | 0.72x | 0.48x |
| Asset Growth % | 69% | 12.46% | 3.65% | -6.8% | 16.7% | 0.74% | 0.26% | -0.89% | -12.29% | 7.33% | 17.18% | 23.43% | 7.31% | 5.35% | 5.98% | 13.99% | -3.44% | 123.23% | -24.14% | -5.17% | 88.32% | 23.82% | 17.91% | 7.32% | 28.84% | 4.77% | 11.89% | 27.21% | 43.37% | -38.37% | 35.34% |
| Total Current Liabilities | 738.34M | 752.5M | 725.81M | 881.13M | 271.35M | 371.56M | 295.76M | 305.56M | 179.4M | 376.44M | 425.48M | 399.97M | 205.17M | 126.44M | 172.91M | 173.15M | 178.56M | 252.56M | 126.54M | 157.18M | 121.23M | 50.53M | 49.83M | 40.07M | 36.83M | 23.53M | 25.41M | 13.24M | 20.7M | 23.7M | 29.6M |
| Accounts Payable | 17.34M | 10.05M | 12.21M | 7.85M | 10M | 7.16M | 10.98M | 13.39M | 19.37M | 10.26M | 14.05M | 19M | 34.65M | 24.5M | 9.6M | 7.11M | 7.57M | 6.28M | 9.13M | 40.85M | 21.91M | 7.16M | 6.76M | 6.43M | 5.41M | 4.41M | 4.48M | 2.45M | 5.97M | 8.2M | 15.2M |
| Days Payables Outstanding | 29.46 | 22.32 | 26.32 | 36.07 | 51.09 | 40.41 | 23.55 | 31.55 | 56.97 | 36.48 | 49.61 | 57.61 | 94.53 | 62.53 | 27.75 | 36.18 | 46.92 | 40.87 | 52.47 | 220.61 | 156.64 | - | - | - | - | - | -1.06K | 830.9 | 168.38 | 80.76 | 234.09 |
| Short-Term Debt | 377.79M | 462.47M | 456.33M | 578.75M | 0 | 3.84M | 3.17M | 97.61M | 0 | 0 | 0 | 227.17M | 0 | 0 | 0 | 180K | 288K | 584K | 1.61M | 1.31M | 369K | 350K | 212K | 193K | 189K | 184K | 326K | 446K | 723K | 900K | 800K |
| Deferred Revenue (Current) | 867.63M | 193.72M | 178.01M | 153.6M | 189.06M | 291.67M | 219.94M | 146.65M | 111.67M | 307.14M | 360.19M | 106.23M | 124.69M | 60.18M | 106.31M | 134.09M | 134.8M | 193.41M | 78.65M | 78.9M | 70.71M | 20.05M | 28.07M | 22.38M | 17.09M | 10.49M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 49.31M | 86.26M | 11.56M | 32.66M | 38.4M | 36.25M | 28.91M | 18.69M | 20.01M | 19.59M | 29.17M | 21.55M | 18.73M | 19.3M | 32.39M | 14.13M | 32.22M | 0 | 0 | 15.68M | 11.45M | 160K | 379K | 1.26M | 5.43M | 907K | 20.61M | 10.35M | 14M | 14.6M | 13.6M |
| Current Ratio | 1.88x | 1.84x | 1.70x | 1.33x | 4.96x | 2.83x | 3.47x | 3.33x | 5.71x | 3.71x | 2.87x | 2.53x | 4.11x | 6.78x | 4.71x | 4.44x | 3.47x | 2.78x | 1.90x | 2.36x | 3.74x | 3.48x | 3.14x | 3.80x | 4.04x | 4.73x | 4.56x | 8.21x | 3.64x | 1.97x | 2.93x |
| Quick Ratio | 1.88x | 1.84x | 1.70x | 1.33x | 4.96x | 2.83x | 3.47x | 3.33x | 5.71x | 3.71x | 2.87x | 2.53x | 4.11x | 6.57x | 4.50x | 8.04x | 6.31x | 4.13x | 1.90x | 2.36x | 3.74x | 3.48x | 3.14x | 3.80x | 4.04x | 4.73x | 4.56x | 7.98x | 3.40x | 1.45x | 2.46x |
| Cash Conversion Cycle | 72.57 | - | - | - | - | - | - | - | - | - | - | - | - | 108.46 | 172.7 | - | - | - | - | - | - | - | - | - | - | - | - | 272.24 | 30.51 | 63.09 | 74.46 |
| Total Non-Current Liabilities | 228.77M | 210.67M | 252.5M | 308.14M | 898.25M | 503.68M | 523.95M | 520.24M | 509.15M | 604.83M | 548M | 552.62M | 513.75M | 452.93M | 364.99M | 352.13M | 342.97M | 483.69M | 191.57M | 240.63M | 167.37M | 74.69M | 76.43M | 67.61M | 75.55M | 64.58M | 42.3M | 3.82M | 3M | 7.2M | 10.5M |
| Long-Term Debt | 10.5M | 29.83M | 15.44M | 29.02M | 607.07M | 422.75M | 367.99M | 350.59M | 317.38M | 285.13M | 272.02M | 259.6M | 217.84M | 208.81M | 200.39M | 192.53M | 180K | 468K | 1.32M | 2.41M | 1.2M | 1.57M | 1.67M | 1.78M | 1.97M | 2.16M | 2.23M | 2.56M | 3M | 3.6M | 4.2M |
| Capital Lease Obligations | 56.61M | 13.54M | 15.77M | 17.39M | 19.92M | 17.78M | 23.04M | 24.14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34.14M | -10.03M | -14.97M | -3.98M | 0 | -248K | -2.78M | -5.65M | -10.61M | -8.38M | 0 | -224.54M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 45.47M | 31.41M | 39.17M | 37.87M | 33.68M | 43.69M | 24.84M | 21.86M | 34.14M | 10.03M | 14.97M | 3.98M | 2.57M | 248K | 2.78M | 5.65M | 10.61M | 8.38M | 9.19M | 13.68M | 166.17M | 1.92M | 74.76M | 65.83M | 73.58M | 62.42M | 40.07M | 1.26M | 0 | 3.6M | 6.3M |
| Total Liabilities | 967.11M | 963.17M | 978.31M | 1.19B | 1.17B | 875.24M | 819.71M | 825.8M | 688.54M | 981.27M | 973.49M | 952.59M | 718.91M | 579.36M | 537.9M | 525.29M | 521.53M | 736.25M | 318.11M | 397.82M | 288.6M | 125.22M | 126.26M | 107.68M | 112.39M | 88.11M | 67.72M | 17.06M | 23.7M | 30.9M | 40.1M |
| Total Debt | 401.72M | 505.84M | 490.94M | 625.16M | 626.99M | 444.37M | 394.2M | 472.34M | 351.52M | 295.16M | 286.99M | 490.75M | 217.84M | 209.06M | 203.17M | 198.36M | 11.08M | 9.43M | 2.93M | 3.72M | 1.57M | 1.92M | 1.88M | 1.97M | 2.16M | 2.34M | 2.56M | 3M | 3.7M | 4.5M | 5M |
| Net Debt | -215.87M | -233.12M | -36.42M | 188.08M | -66.49M | -261.91M | -82.38M | -283.68M | -123.54M | -137.85M | -117.08M | -19.45M | -210.73M | -288.65M | -146.67M | -143.85M | -204.37M | -201.44M | -97.22M | -88.3M | -164.81M | -25.95M | -13.85M | -18.91M | -20.18M | -15.55M | -9.78M | -11.59M | -16.4M | -13.3M | -7M |
| Debt / Equity | 0.36x | 0.46x | 0.57x | 1.07x | 0.86x | 0.59x | 0.49x | 0.60x | 0.37x | 0.34x | 0.38x | 0.94x | 0.46x | 0.39x | 0.39x | 0.42x | 0.03x | 0.06x | 0.03x | 0.03x | 0.01x | 0.01x | 0.02x | 0.02x | 0.03x | 0.04x | 0.03x | 0.03x | 0.05x | 0.12x | 0.07x |
| Debt / EBITDA | 0.82x | 0.94x | 0.96x | 2.09x | 2.74x | 2.97x | 2.89x | 4.11x | 2.73x | 0.82x | 0.59x | 1.91x | 1.03x | 1.77x | 0.46x | 1.25x | 0.04x | 0.07x | 0.04x | 0.08x | 0.00x | 0.07x | 0.55x | 0.05x | 0.12x | - | 0.26x | 0.09x | 0.08x | - | - |
| Net Debt / EBITDA | -0.44x | -0.43x | -0.07x | 0.63x | -0.29x | -1.75x | -0.60x | -2.47x | -0.96x | -0.38x | -0.24x | -0.08x | -1.00x | -2.44x | -0.33x | -0.91x | -0.79x | -1.47x | -1.49x | -1.96x | -0.47x | -0.91x | -4.06x | -0.48x | -1.09x | - | -0.98x | -0.36x | -0.34x | - | - |
| Interest Coverage | 11.48x | 12.75x | 10.45x | 6.23x | 4.99x | 3.28x | 1.77x | 1.63x | 1.89x | 17.38x | 20.99x | 6.95x | 10.55x | 4.98x | 28.39x | 12.43x | - | 376.68x | 18.11x | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 1.1B | 1.1B | 857.22M | 581.55M | 730.51M | 752.92M | 796.57M | 786.28M | 938.01M | 873.15M | 754.37M | 521.89M | 475.68M | 533.82M | 518.71M | 471.68M | 353.12M | 169.54M | 87.66M | 137.07M | 275.48M | 174.31M | 115.66M | 97.48M | 78.79M | 60.27M | 73.91M | 109.51M | 75.8M | 38.5M | 72.5M |
| Equity Growth % | 154.51% | 28.45% | 47.4% | -20.39% | -2.98% | -5.48% | 1.31% | -16.18% | 7.43% | 15.75% | 44.54% | 9.72% | -10.89% | 2.91% | 9.97% | 33.58% | 108.28% | 93.4% | -36.05% | -50.24% | 58.03% | 50.71% | 18.64% | 23.73% | 30.72% | -18.45% | -32.51% | 44.47% | 96.88% | -46.9% | 9.35% |
| Book Value per Share | 31.29 | 31.94 | 28.85 | 20.69 | 23.96 | 24.09 | 25.65 | 24.74 | 26.57 | 24.40 | 21.44 | 14.31 | 11.93 | 12.89 | 11.95 | 10.25 | 8.01 | 3.85 | 1.91 | 2.77 | 4.94 | 3.05 | 1.96 | 1.63 | 1.40 | 1.13 | 1.29 | 2.17 | 1.55 | 0.80 | 1.53 |
| Total Shareholders' Equity | 1.1B | 1.1B | 857.22M | 581.55M | 724.89M | 745.24M | 773.37M | 761.56M | 927.02M | 855.27M | 739.71M | 510.52M | 468.33M | 528.65M | 518.71M | 471.68M | 353.12M | 169.54M | 87.66M | 137.07M | 275.48M | 174.31M | 115.66M | 97.48M | 78.79M | 60.27M | 73.91M | 109.51M | 75.8M | 38.5M | 72.5M |
| Common Stock | 719K | 709K | 705K | 694K | 719K | 717K | 714K | 712K | 711K | 707K | 703K | 701K | 698K | 696K | 695K | 691K | 686K | 668K | 659K | 653K | 644K | 605K | 597K | 585K | 563K | 544K | 538K | 510K | 0 | 0 | 0 |
| Retained Earnings | 2.17B | 2.11B | 1.78B | 1.46B | 1.49B | 1.44B | 1.41B | 1.41B | 1.43B | 1.25B | 1.12B | 847.03M | 757.05M | 680.72M | 659.24M | 466.73M | 395.8M | 246.77M | 159.51M | 133.31M | 115.38M | -109.84M | -164.52M | -164.61M | -198.94M | -201.32M | -181.9M | -133.59M | -160M | -196.8M | -162.2M |
| Treasury Stock | -2.13B | -1.83B | -1.73B | -1.62B | -1.48B | -1.41B | -1.38B | -1.38B | -1.18B | -1.07B | -1.06B | -1B | -903.7M | -751.08M | -721.94M | -569.25M | -569.25M | -569.25M | -544.23M | -462.7M | -286.44M | -93.91M | -59.82M | -42.76M | -8.07M | -8.07M | -8.07M | -5.63M | -278K | 0 | 0 |
| Accumulated OCI | -636K | 299K | -458K | -647K | -916K | -571K | -184K | -74K | -2.47M | -2.08M | -514K | -178K | 118K | -14K | 864K | -439K | 111K | 277K | 245K | 206K | -46K | -6.04M | -3.34M | -992K | -628K | -2.56M | -4.6M | -1.77M | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 5.62M | 7.68M | 23.2M | 24.72M | 10.99M | 17.88M | 14.66M | 11.38M | 7.35M | 5.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Licensing revenue concentration risk
As reported in financial statements, InterDigital has significantly bolstered its equity base from $581.5M in 2023Q4 to $1.1B by 2026Q1, a trend that suggests a strengthening balance sheet trajectory driven by consistent retained earnings accumulation despite the inherent volatility of the company's licensing-heavy business model.
The expansion of equity reflects the company's ability to convert lumpy royalty payments into permanent capital. This trajectory indicates that management is successfully navigating the transition between cellular generations while maintaining a solid foundation for future R&D investment.
Based on InterDigital's reported figures, the company has successfully reduced its debt-to-equity ratio from a peak of 1.07 in 2023Q4 to 0.36 as of 2026Q1, signaling a strategic shift toward a more conservative capital structure that mitigates refinancing risk in a fluctuating interest rate environment.
The reduction in total debt from $625.2M to $401.7M over the observed period suggests that management is prioritizing balance sheet health over aggressive leverage. This deleveraging provides the company with greater optionality to pursue strategic initiatives or weather potential downturns in the handset replacement cycle.
According to recent SEC filings, InterDigital's current ratio has improved from 1.33 in 2023Q4 to 1.88 in 2026Q1, providing a more robust liquidity buffer that appears designed to absorb the significant quarterly cash flow swings inherent in the firm's multi-year patent licensing agreement structure.
The increase in cash reserves to $617.6M, coupled with a healthy current ratio, suggests the company is well-positioned to meet short-term obligations even during periods of delayed royalty collections. Investors should monitor whether this liquidity remains sufficient to support ongoing R&D requirements during extended negotiation cycles.
As indicated by the provided balance sheet data, the persistent presence of deferred revenue, which stood at $420.5M in 2026Q1, warrants further investigation as it represents a significant portion of liabilities that may obscure the true timing and sustainability of future cash inflows from licensing agreements.
The reliance on deferred revenue suggests that headline figures may not fully capture the underlying operational performance of the licensing business. This accounting nuance implies that the balance sheet is sensitive to the timing of contract renewals, which could lead to sudden shifts in perceived financial health.
Quick answers to the most common questions about buying IDCC stock.
As of 2025, InterDigital, Inc. (IDCC) had total assets of $2.06B including $1.39B in current assets.
InterDigital, Inc. (IDCC) carries total debt of $505.8M, offset by $1.24B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
InterDigital, Inc. (IDCC) has total shareholders' equity (book value) of $1.10B ($31.94 book value per share). Book value represents the net worth of the company belonging to common stock holders.
InterDigital, Inc. (IDCC) reported a current ratio of 1.84x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.