Archer-Daniels-Midland Company (ADM)
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 | 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 | 19,178,000 | 19,548,000 | 20,262,000 |
| Total current liabilities | US$ in thousands | 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 | 12,020,000 | 12,602,000 | 13,361,000 |
| Current ratio | 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 | 1.60 | 1.55 | 1.52 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $29,767,000K ÷ $18,662,000K
= 1.60
Archer-Daniels-Midland Company's current ratio has shown some fluctuations over the past few quarters. The current ratio, which measures the company's ability to meet its short-term obligations with its current assets, was 1.60 as of December 31, 2023. This indicates that the company had $1.60 in current assets for every $1 in current liabilities.
The trend in the current ratio over the past year has been relatively stable, with some minor ups and downs. While a current ratio of 1.60 is generally considered healthy and indicates a strong ability to cover short-term obligations, the company's ratio has been fluctuating around this level, showing a range from 1.42 to 1.72.
Overall, Archer-Daniels-Midland Company's current ratio suggests that the company has a reasonable ability to meet its short-term financial obligations, although investors and analysts may want to monitor future changes in the ratio to ensure continued liquidity and financial stability.
Peer comparison
Dec 31, 2023