Albany International Corporation (AIN)
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 | 730,692 | 804,311 | 806,451 | 845,172 | 877,964 | 856,374 | 903,800 | 889,455 | 838,439 | 808,714 | 835,099 | 788,580 | 758,801 | 751,924 | 717,482 | 704,394 | 717,276 | 680,635 | 650,480 | 659,514 |
| Total current liabilities | US$ in thousands | 226,366 | 218,721 | 224,636 | 211,990 | 248,679 | 242,797 | 181,115 | 184,691 | 211,316 | 189,537 | 188,160 | 178,067 | 208,166 | 181,501 | 175,588 | 166,962 | 190,863 | 178,909 | 177,202 | 175,621 |
| Current ratio | 3.23 | 3.68 | 3.59 | 3.99 | 3.53 | 3.53 | 4.99 | 4.82 | 3.97 | 4.27 | 4.44 | 4.43 | 3.65 | 4.14 | 4.09 | 4.22 | 3.76 | 3.80 | 3.67 | 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 exhibited fluctuations over the past few years, ranging between 3.23 and 4.99. The ratio measures the company's ability to cover its short-term obligations with its current assets.
From March 2020 to June 2021, the current ratio consistently stayed above 3.5, indicating a strong ability to meet short-term obligations. However, the ratio decreased slightly towards the end of 2021, but quickly rebounded in the first half of 2022, reaching a peak of 4.99 in June 2023, suggesting improved liquidity.
Subsequently, the current ratio experienced a decline in the following quarters, dropping to 3.23 by December 2024. This downward trend may raise concerns about the company's ability to meet its short-term liabilities using its current assets.
Overall, while Albany International Corporation has generally maintained a healthy current ratio above 3.0, the recent downward trend indicates a potential liquidity challenge that may require attention and monitoring in the future.