AAON Inc (AAON)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 488,212 | 408,954 | 349,116 | 218,080 | 220,251 |
| Total current liabilities | US$ in thousands | 174,905 | 126,749 | 145,567 | 86,768 | 59,033 |
| Current ratio | 2.79 | 3.23 | 2.40 | 2.51 | 3.73 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $488,212K ÷ $174,905K
= 2.79
The current ratio of AAON Inc has shown fluctuations over the past five years, ranging from a high of 3.73 to a low of 2.40. A current ratio above 1 typically indicates that a company has more current assets than current liabilities, suggesting a strong ability to cover its short-term obligations.
In 2020, the current ratio was 3.73, reflecting a comfortable liquidity position. However, there was a notable decline in 2021 and 2022, where the ratio dropped to 2.51 and 2.40 respectively, indicating a reduction in the company's short-term liquidity.
Subsequently, there was an improvement in 2023 and 2024, with the current ratio rebounding to 3.23 and 2.79 respectively. This suggests that AAON Inc may have managed its current assets and liabilities more effectively in these years, enhancing its ability to meet short-term financial commitments.
Overall, while the current ratio of AAON Inc has fluctuated, it appears to have stabilized within a range that indicates a generally healthy liquidity position, enabling the company to meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2024