Ametek Inc (AME)

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	2,824,670	3,118,700	2,899,560	2,665,940	2,528,060	2,432,570	2,411,610	2,272,820	2,128,760	2,061,820	2,042,080	2,573,490	2,522,470	2,643,020	2,517,140	2,774,490	2,025,770	2,272,180	2,127,150	1,924,640
Total current liabilities	US$ in thousands	2,882,570	1,673,720	1,341,190	1,452,670	1,564,200	1,591,380	1,633,030	1,590,740	1,563,310	1,633,830	1,857,630	1,138,460	1,075,920	1,403,490	1,017,450	1,477,670	1,425,860	1,110,520	978,558	1,007,230
Current ratio		0.98	1.86	2.16	1.84	1.62	1.53	1.48	1.43	1.36	1.26	1.10	2.26	2.34	1.88	2.47	1.88	1.42	2.05	2.17	1.91

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,824,670K ÷ $2,882,570K
= 0.98

The current ratio of Ametek Inc has exhibited fluctuations over the past eight quarters, ranging from a low of 0.98 in Q4 2023 to a high of 2.16 in Q2 2023. The current ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities using its current assets alone, which was the case in Q4 2023. On the other hand, ratios above 1 imply that the company has more current assets than current liabilities, indicating a stronger ability to cover its short-term obligations. Overall, the trend in Ametek Inc's current ratio seems to show some volatility but has generally improved from Q4 2022 to Q2 2023. It would be important to monitor this ratio in future periods to assess the company's liquidity position and ability to manage short-term financial obligations effectively.