Albany International Corporation (AIN)

Current ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total current assets US$ in thousands 730,692 877,964 838,439 758,801 717,276
Total current liabilities US$ in thousands 226,366 248,679 211,316 208,166 190,863
Current ratio 3.23 3.53 3.97 3.65 3.76

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $730,692K ÷ $226,366K
= 3.23

The current ratio of Albany International Corporation has been relatively stable over the five-year period from December 31, 2020, to December 31, 2024. Starting at 3.76 in 2020, the ratio slightly decreased to 3.65 in 2021 but then exhibited an increasing trend, reaching its peak at 3.97 in 2022. However, in 2023 and 2024, the current ratio declined to 3.53 and 3.23, respectively.

Overall, the current ratio indicates that Albany International Corporation has a solid ability to meet its short-term obligations with its current assets across the years analyzed, reflecting a healthy liquidity position. However, the decreasing trend in the most recent years raises the need for continued monitoring to ensure the company's ongoing ability to cover its current liabilities comfortably.