AGCO Corporation (AGCO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,138,000 | 6,340,800 | 5,739,300 | 5,014,100 | 4,368,400 |
| Total current liabilities | US$ in thousands | 3,826,000 | 4,343,600 | 4,088,000 | 3,454,600 | 3,362,800 |
| Current ratio | 1.34 | 1.46 | 1.40 | 1.45 | 1.30 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,138,000K ÷ $3,826,000K
= 1.34
The current ratio of AGCO Corporation has shown a general positive trend over the past five years, ranging from 1.30 in December 31, 2020, to 1.34 in December 31, 2024. This indicates the company's ability to cover its short-term liabilities with its current assets has improved slightly. However, it is noteworthy that there was a slight dip in the current ratio in 2024 compared to the previous year. Overall, AGCO Corporation has maintained a healthy current ratio above 1 throughout the period, suggesting a strong liquidity position and the ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024