AGCO Corporation (AGCO)
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 | 6,340,800 | 6,675,100 | 6,747,000 | 6,328,800 | 5,739,300 | 5,701,500 | 5,704,300 | 5,637,000 | 5,014,100 | 4,807,900 | 4,728,200 | 4,298,300 | 4,368,400 | 3,944,700 | 3,870,900 | 3,810,000 | 3,729,100 | 3,956,600 | 4,161,600 | 3,961,300 |
| Total current liabilities | US$ in thousands | 4,343,600 | 4,119,100 | 4,302,500 | 3,984,300 | 4,088,000 | 3,617,900 | 3,630,500 | 3,435,200 | 3,454,600 | 3,549,200 | 3,619,300 | 3,414,600 | 3,362,800 | 2,857,500 | 2,607,700 | 2,562,100 | 2,884,500 | 3,027,700 | 3,228,900 | 3,054,700 |
| Current ratio | 1.46 | 1.62 | 1.57 | 1.59 | 1.40 | 1.58 | 1.57 | 1.64 | 1.45 | 1.35 | 1.31 | 1.26 | 1.30 | 1.38 | 1.48 | 1.49 | 1.29 | 1.31 | 1.29 | 1.30 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,340,800K ÷ $4,343,600K
= 1.46
AGCO Corp.'s current ratio has fluctuated over the past eight quarters, ranging from a low of 1.40 in Q4 2022 to a high of 1.64 in Q1 2022. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.
The trend in AGCO Corp.'s current ratio shows some variability but generally remains within a reasonable range. The recent values fluctuate between 1.46 and 1.62, suggesting some stability in the company's ability to meet its short-term obligations. However, a current ratio of 1.46 in Q4 2023 indicates that AGCO Corp. may have slightly fewer current assets available to cover its current liabilities compared to the previous quarters.
Overall, while the current ratio of AGCO Corp. has shown some variation, it remains relatively healthy and indicates that the company is in a strong position to meet its short-term financial obligations. It is important for investors and stakeholders to monitor this ratio to ensure continued financial stability.
Peer comparison
Dec 31, 2023