Api Group Corp (APG)
Current ratio
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,586,000 | 2,658,000 | 2,691,000 | 2,454,000 | 2,232,000 | 2,582,000 | 2,652,000 | 2,532,000 | 2,364,000 | 2,652,000 | 2,472,000 | 2,361,000 | 2,227,000 | 2,626,000 | 2,239,000 | 1,685,000 | 1,633,000 | 1,437,000 | 1,504,000 | 1,394,000 |
| Total current liabilities | US$ in thousands | 1,762,000 | 1,885,000 | 1,781,000 | 1,662,000 | 1,654,000 | 1,807,000 | 1,899,000 | 1,651,000 | 1,549,000 | 1,921,000 | 1,523,000 | 1,453,000 | 1,367,000 | 867,000 | 792,000 | 730,000 | 781,000 | 841,000 | 834,000 | 821,000 |
| Current ratio | 1.47 | 1.41 | 1.51 | 1.48 | 1.35 | 1.43 | 1.40 | 1.53 | 1.53 | 1.38 | 1.62 | 1.62 | 1.63 | 3.03 | 2.83 | 2.31 | 2.09 | 1.71 | 1.80 | 1.70 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,586,000K ÷ $1,762,000K
= 1.47
The current ratio of Api Group Corp has exhibited notable fluctuations over the analyzed period from June 30, 2020, to March 31, 2025. Initially, the ratio increased from 1.70 in June 2020 to a peak of approximately 3.03 as of December 31, 2021, indicating a robust liquidity position and a strong ability to meet short-term obligations during that time frame. This upward trend, reaching its apex in late 2021, suggests improved liquidity management or a strategic accumulation of current assets relative to current liabilities.
Subsequently, the ratio experienced a decline beginning in early 2022, dropping to approximately 1.62 by June and September 2022, and further decreasing to a low of 1.38 at the end of 2022. This downward trend indicates a weakening in liquidity, possibly due to increased current liabilities, reduced current assets, or a combination of both. Despite this decrease, the ratio remained above 1, signifying that the company maintained enough current assets to cover its short-term liabilities, though with a narrower safety margin.
From the start of 2023 onwards, the ratio demonstrated some stabilization, fluctuating modestly around the 1.4 to 1.5 range. Notably, it reached 1.53 in March and June 2023, before beginning a slight decline again to approximately 1.40 in September 2023. The most recent data points (December 2023 to March 2025) show the ratio oscillating narrowly between 1.35 and 1.47, reflecting a relatively steady liquidity position with marginal variations.
Overall, the long-term trend indicates an initial period of strong liquidity, followed by a gradual weakening during 2022 and into 2023, yet maintaining a ratio above the critical threshold of 1.0. This pattern may suggest that while Api Group Corp's liquidity has diminished from its peak levels, it still retains a sufficient buffer to meet its short-term obligations, though ongoing monitoring would be prudent to ensure continued liquidity health.
Peer comparison
Mar 31, 2025