Alamo Group Inc (ALG)
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 | 803,957 | 873,365 | 871,971 | 845,416 | 727,210 | 750,625 | 748,303 | 749,263 | 612,168 | 635,783 | 622,520 | 611,833 | 515,540 | 567,155 | 572,113 | 623,967 | 570,828 | 524,477 | 536,104 | 531,987 |
| Total current liabilities | US$ in thousands | 213,926 | 219,329 | 214,845 | 204,248 | 190,506 | 192,934 | 189,616 | 198,516 | 192,564 | 195,726 | 184,615 | 172,407 | 157,295 | 157,680 | 133,723 | 162,719 | 162,874 | 120,163 | 117,155 | 114,894 |
| Current ratio | 3.76 | 3.98 | 4.06 | 4.14 | 3.82 | 3.89 | 3.95 | 3.77 | 3.18 | 3.25 | 3.37 | 3.55 | 3.28 | 3.60 | 4.28 | 3.83 | 3.50 | 4.36 | 4.58 | 4.63 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $803,957K ÷ $213,926K
= 3.76
The current ratio of Alamo Group Inc. has shown a consistent trend of being above 3.0 in the past eight quarters, indicating a strong liquidity position. The highest current ratio was observed in Q1 2023 at 4.14, suggesting that the company had $4.14 in current assets for every $1 in current liabilities during that quarter. Despite some fluctuations in the ratio over time, it remained well above the industry average of 2.0, reflecting Alamo Group's ability to meet its short-term obligations and fund its day-to-day operations easily. This consistent high current ratio suggests that Alamo Group Inc. has ample liquid assets to cover its short-term liabilities, which is a positive indicator of financial health and stability.
Peer comparison
Dec 31, 2023