AAON Inc (AAON)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 488,212 | 427,836 | 423,095 | 392,227 | 408,954 | 425,292 | 424,211 | 384,179 | 349,116 | 336,064 | 327,412 | 283,696 | 218,080 | 270,615 | 259,140 | 245,407 | 220,251 | 225,531 | 219,775 | 196,966 |
| Total current liabilities | US$ in thousands | 174,905 | 139,833 | 141,319 | 125,163 | 126,749 | 140,479 | 153,673 | 137,871 | 145,567 | 142,184 | 136,169 | 114,226 | 86,768 | 74,206 | 78,511 | 66,679 | 59,033 | 61,506 | 76,620 | 64,185 |
| Current ratio | 2.79 | 3.06 | 2.99 | 3.13 | 3.23 | 3.03 | 2.76 | 2.79 | 2.40 | 2.36 | 2.40 | 2.48 | 2.51 | 3.65 | 3.30 | 3.68 | 3.73 | 3.67 | 2.87 | 3.07 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $488,212K ÷ $174,905K
= 2.79
AAON Inc's current ratio has shown some fluctuations over the past few years. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, stood at 3.07 as of March 31, 2020, indicating a strong liquidity position.
Subsequently, the ratio decreased to 2.87 by June 30, 2020, before improving to 3.67 by September 30, 2020. The trend continued to be positive, reaching a peak of 3.73 by December 31, 2020.
However, the current ratio began to decline starting from the first quarter of 2021, dropping to 2.51 by the end of December 31, 2021. The ratio continued to decrease throughout the following periods, hitting a low of 2.36 by September 30, 2022, before slightly recovering to 3.23 by December 31, 2023.
As of December 31, 2024, the current ratio stood at 2.79. Overall, while the current ratio exhibited some volatility, it generally indicates that AAON Inc has maintained a healthy level of current assets to cover its short-term obligations over the analyzed period.
Peer comparison
Dec 31, 2024