The Andersons Inc (ANDE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,850,280 | 2,806,960 | 3,465,950 | 3,372,330 | 2,416,410 |
| Total current liabilities | US$ in thousands | 1,731,170 | 1,636,330 | 2,521,320 | 2,463,930 | 1,931,680 |
| Current ratio | 1.65 | 1.72 | 1.37 | 1.37 | 1.25 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,850,280K ÷ $1,731,170K
= 1.65
The current ratio of The Andersons Inc has shown a positive trend over the years, increasing from 1.25 in December 2020 to 1.65 in December 2024. This indicates the company's ability to cover its short-term financial obligations with its current assets has improved.
However, it is noteworthy that the current ratio peaked at 1.72 in December 2023 before slightly decreasing in the following year. This may suggest a temporary dip in the company's liquidity position, but overall, the current ratio remains at a relatively healthy level throughout the period under consideration.
Overall, the upward trend in the current ratio reflects The Andersons Inc's strengthened ability to meet its short-term debt obligations using its current assets, which is a positive indicator of its financial health and liquidity position.
Peer comparison
Dec 31, 2024