The Andersons Inc (ANDE)
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 | 2,806,960 | 2,527,100 | 2,537,260 | 3,050,470 | 3,465,950 | 3,265,230 | 3,572,880 | 3,940,700 | 3,372,330 | 2,498,390 | 2,234,300 | 2,436,890 | 2,416,410 | 1,540,250 | 1,398,190 | 1,821,880 | 1,945,340 | 1,488,780 | 1,768,630 | 1,886,610 |
| Total current liabilities | US$ in thousands | 1,636,330 | 1,407,630 | 1,393,240 | 2,112,310 | 2,521,320 | 2,320,510 | 2,577,580 | 3,062,770 | 2,463,930 | 1,723,160 | 1,690,560 | 1,918,120 | 1,931,680 | 1,096,540 | 926,782 | 1,385,490 | 1,439,920 | 1,065,480 | 1,304,570 | 1,446,340 |
| Current ratio | 1.72 | 1.80 | 1.82 | 1.44 | 1.37 | 1.41 | 1.39 | 1.29 | 1.37 | 1.45 | 1.32 | 1.27 | 1.25 | 1.40 | 1.51 | 1.31 | 1.35 | 1.40 | 1.36 | 1.30 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,806,960K ÷ $1,636,330K
= 1.72
The current ratio of Andersons Inc. has fluctuated over the past eight quarters, ranging from 1.29 in Q1 2022 to 1.82 in Q2 2023. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities.
The current ratio has generally been above 1, implying that Andersons Inc. has had sufficient current assets to meet its short-term obligations. A higher current ratio suggests a stronger liquidity position, providing reassurance that the company can easily meet its short-term financial commitments.
The recent dip in the current ratio from 1.82 in Q2 2023 to 1.44 in Q1 2023 is worth noting, as it indicates a potential decrease in the company's ability to cover short-term liabilities. However, the current ratio remained above 1.37 in all quarters, demonstrating Andersons Inc.'s overall stability in managing its short-term obligations.
Further analysis and consideration of other financial indicators alongside the current ratio would provide a more comprehensive assessment of Andersons Inc.'s financial health and liquidity management.
Peer comparison
Dec 31, 2023