Amentum Holdings Inc. (AMTM)
Current ratio
| Sep 30, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,084,000 | 1,305,000 | 1,359,000 |
| Total current liabilities | US$ in thousands | 1,965,000 | 664,000 | 713,000 |
| Current ratio | 1.57 | 1.97 | 1.91 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,084,000K ÷ $1,965,000K
= 1.57
Amentum Holdings Inc.'s current ratio has exhibited a generally positive trend over the years. As of December 31, 2022, the current ratio stood at 1.91, indicating that the company had $1.91 in current assets for every $1 in current liabilities, suggesting a healthy liquidity position.
By the end of December 31, 2023, the current ratio had improved to 1.97, signaling further strengthening of the company's ability to cover its short-term obligations with its current assets.
However, as of September 30, 2024, the current ratio decreased slightly to 1.57. While the ratio still suggests that Amentum Holdings Inc. has more than enough current assets to cover its short-term debts, the decline may warrant some attention to ensure that the company's liquidity position remains sound in the future.
Overall, the current ratio analysis indicates that Amentum Holdings Inc. has been managing its short-term liquidity well, although monitoring the trend in the context of changing business conditions is advisable to sustain financial health.
Peer comparison
Sep 30, 2024