Allegion PLC (ALLE)
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 | 1,422,300 | 1,862,400 | 1,715,800 | 1,338,300 | 1,360,900 | 1,320,100 | 1,275,200 | 1,253,400 | 1,214,600 | 1,235,900 | 1,753,000 | 1,077,300 | 1,117,600 | 1,202,400 | 1,144,200 | 1,048,000 | 1,145,000 | 1,121,000 | 977,100 | 922,000 |
| Total current liabilities | US$ in thousands | 696,900 | 1,091,500 | 1,034,200 | 1,025,400 | 1,079,700 | 649,800 | 660,800 | 668,500 | 703,600 | 689,200 | 610,400 | 581,500 | 601,200 | 793,900 | 564,100 | 505,600 | 521,500 | 489,100 | 463,700 | 456,700 |
| Current ratio | 2.04 | 1.71 | 1.66 | 1.31 | 1.26 | 2.03 | 1.93 | 1.87 | 1.73 | 1.79 | 2.87 | 1.85 | 1.86 | 1.51 | 2.03 | 2.07 | 2.20 | 2.29 | 2.11 | 2.02 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,422,300K ÷ $696,900K
= 2.04
Allegion PLC's current ratio demonstrates the company's ability to meet its short-term financial obligations with its current assets. From March 31, 2020, to September 30, 2021, the company's current ratio steadily increased from 2.02 to 2.29, indicating a strong liquidity position.
However, from September 30, 2021, to December 31, 2022, the current ratio showed a declining trend, reaching a low of 1.26. This may suggest potential challenges in managing short-term liabilities with available current assets during this period.
The ratio improved in the subsequent quarters, reaching 2.04 by December 31, 2024. Overall, Allegion PLC's current ratio fluctuated over the analyzed periods, reflecting changes in the company's liquidity position. It would be important to monitor this ratio in future periods to ensure the company maintains a healthy balance between its current assets and current liabilities.