AdvanSix Inc (ASIX)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 419,804 | 440,928 | 349,854 | 333,503 | 290,537 |
| Total current liabilities | US$ in thousands | 358,918 | 393,492 | 309,822 | 287,037 | 291,726 |
| Current ratio | 1.17 | 1.12 | 1.13 | 1.16 | 1.00 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $419,804K ÷ $358,918K
= 1.17
The current ratio of AdvanSix Inc has fluctuated in recent years as follows:
- As of December 31, 2023, the current ratio stood at 1.17, indicating that the company had $1.17 in current assets for every $1 in current liabilities.
- In comparison to the previous year (1.12), the current ratio has improved, suggesting AdvanSix Inc's ability to meet its short-term obligations strengthened.
- The current ratio for 2021 and 2020 was relatively stable at 1.13 and 1.16, respectively, showing a consistent ability to cover short-term liabilities with current assets.
- Notably, there was a significant increase in the current ratio from 2019 (1.00) to 2020 (1.16), indicating a significant improvement in liquidity and short-term financial strength over that period.
Overall, the current ratio trend for AdvanSix Inc suggests a generally healthy liquidity position, with recent improvements indicating a strengthened ability to meet short-term obligations.
Peer comparison
Dec 31, 2023