The Andersons Inc (ANDE)
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 | 2,850,280 | 2,331,070 | 2,249,300 | 2,213,910 | 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 |
| Total current liabilities | US$ in thousands | 1,731,170 | 1,177,870 | 1,084,730 | 1,083,280 | 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 |
| Current ratio | 1.65 | 1.98 | 2.07 | 2.04 | 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 |
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 fluctuations over the past few years. From March 31, 2020, to December 31, 2021, the current ratio ranged between 1.25 and 1.51, indicating the company's ability to meet its short-term obligations with its current assets.
The ratio decreased to 1.25 by December 31, 2020, but then gradually improved to 1.51 by June 30, 2021. However, it dipped again to 1.25 by December 31, 2021. Subsequently, the current ratio increased to 1.82 by June 30, 2023, and peaked at 2.07 by June 30, 2024, suggesting a significant improvement in the company's short-term liquidity position during these periods.
By December 31, 2024, the current ratio decreased to 1.65, still above 1, indicating that the company had more than enough current assets to cover its short-term liabilities at the end of that year. Overall, the trend in the current ratio reflects varying levels of liquidity and the company's ability to manage its short-term financial obligations over the analyzed period.
Peer comparison
Dec 31, 2024