Alamo Group Inc (ALG)
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 | 857,495 | 879,604 | 907,476 | 915,531 | 803,957 | 873,365 | 871,971 | 845,416 | 727,210 | 750,625 | 748,303 | 749,263 | 612,168 | 635,783 | 622,520 | 611,833 | 503,010 | 567,155 | 572,113 | 623,967 |
| Total current liabilities | US$ in thousands | 190,309 | 212,016 | 207,556 | 213,362 | 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 |
| Current ratio | 4.51 | 4.15 | 4.37 | 4.29 | 3.76 | 3.98 | 4.06 | 4.14 | 3.82 | 3.89 | 3.95 | 3.77 | 3.18 | 3.25 | 3.37 | 3.55 | 3.20 | 3.60 | 4.28 | 3.83 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $857,495K ÷ $190,309K
= 4.51
The current ratio of Alamo Group Inc has displayed fluctuations over the past few years, ranging from a low of 3.18 to a high of 4.51. The ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 suggests that the company has more current assets than current liabilities, which is generally seen as a positive sign of liquidity.
The ratio consistently stayed above 3, indicating a strong liquidity position for Alamo Group Inc during the period under review. However, it's important to note that while a high current ratio suggests good liquidity, an excessively high ratio may imply that the company is not efficiently utilizing its current assets. Hence, it is crucial for investors and stakeholders to consider other financial metrics in conjunction with the current ratio to gain a comprehensive understanding of Alamo Group Inc's financial health and efficiency in managing its short-term obligations.
Peer comparison
Dec 31, 2024