Archer-Daniels-Midland Company (ADM)
Current ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 26,626,000 | 26,962,000 | 29,006,000 | 29,767,000 | 30,522,000 | 30,686,000 | 34,325,000 | 35,410,000 | 34,569,000 | 37,647,000 | 40,453,000 | 31,909,000 | 29,290,000 | 28,504,000 | 29,284,000 | 27,286,000 | 22,766,000 | 22,011,000 | 26,146,000 | 21,347,000 |
| Total current liabilities | US$ in thousands | 19,003,000 | 18,684,000 | 19,730,000 | 18,662,000 | 18,105,000 | 18,788,000 | 22,730,000 | 24,191,000 | 22,936,000 | 25,660,000 | 28,523,000 | 21,948,000 | 18,576,000 | 17,296,000 | 18,512,000 | 18,182,000 | 13,907,000 | 12,809,000 | 17,317,000 | 13,734,000 |
| Current ratio | 1.40 | 1.44 | 1.47 | 1.60 | 1.69 | 1.63 | 1.51 | 1.46 | 1.51 | 1.47 | 1.42 | 1.45 | 1.58 | 1.65 | 1.58 | 1.50 | 1.64 | 1.72 | 1.51 | 1.55 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $26,626,000K ÷ $19,003,000K
= 1.40
The current ratio of Archer-Daniels-Midland Company has shown some fluctuations over the past few quarters. The ratio has ranged from a low of 1.40 to a high of 1.72.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign of financial health and liquidity.
A current ratio of 1.40 as of September 30, 2024, may suggest that the company may have slightly fewer current assets to cover its current liabilities compared to previous quarters.
It is worth noting that a current ratio of 1.40 is still above the threshold of 1, which should provide some assurance to creditors and investors about the company's ability to meet its short-term obligations.
Overall, while there has been some variability in the current ratio of Archer-Daniels-Midland Company, it appears to have maintained a generally healthy liquidity position over the period analyzed.
Peer comparison
Sep 30, 2024