AAON Inc (AAON)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 187,549 | 170,284 | 168,360 | 146,511 |
| Total current liabilities | US$ in thousands | 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 | 56,028 | 53,103 | 58,102 | 43,082 |
| Current ratio | 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 | 3.35 | 3.21 | 2.90 | 3.40 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $408,954K ÷ $126,749K
= 3.23
The current ratio of AAON Inc. has shown a general increasing trend over the past eight quarters, indicating an improvement in the company's short-term liquidity and ability to meet its current obligations. As of Q4 2023, the current ratio stands at 3.23, the highest value in the dataset. This suggests that the company has $3.23 in current assets for every $1 of current liabilities, providing a comfortable buffer to handle its short-term financial obligations. The consistent upward trend in the current ratio over the quarters reflects a strengthening liquidity position for AAON Inc., which may indicate efficient management of working capital and strong financial health.
Peer comparison
Dec 31, 2023