AGCO Corporation (AGCO)
Current ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,138,000 | 6,538,900 | 6,638,700 | 8,374,100 | 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 |
| Total current liabilities | US$ in thousands | 3,826,000 | 4,280,100 | 4,363,500 | 4,213,200 | 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 |
| Current ratio | 1.34 | 1.53 | 1.52 | 1.99 | 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 |
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 varied over the past few years, indicating fluctuations in its liquidity position. The ratio measures the company's ability to cover its short-term liabilities with its current assets.
Looking at the data provided, the current ratio started at 1.49 in March 2020, decreased slightly to 1.26 in March 2021, and then showed an increasing trend, reaching 1.99 in March 2024. Some fluctuations were observed during the period, with the ratio ranging between 1.26 and 1.99.
A current ratio above 1 indicates that AGCO Corporation had more current assets than current liabilities during each period, which is generally considered a positive sign of financial health. A ratio around 2, as seen in March 2024, suggests a strong ability to cover short-term obligations.
However, it is essential to consider the industry benchmarks and compare the company's current ratio with its peers to get a better understanding of its liquidity position and financial stability. Additionally, further analysis of the components of current assets and liabilities would provide more insights into the company's liquidity management and operational efficiency.
Peer comparison
Dec 31, 2024