AdvanSix Inc (ASIX)

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 387,116 395,773 378,592 391,307 419,804 413,731 411,155 395,168 440,928 398,356 435,913 412,463 349,854 333,082 324,750 310,077 333,503 308,563 349,919 316,464
Total current liabilities US$ in thousands 357,103 295,142 272,954 284,122 358,918 307,954 300,143 314,960 393,492 350,656 356,344 307,252 309,822 306,140 269,105 259,482 287,037 253,162 226,324 268,680
Current ratio 1.08 1.34 1.39 1.38 1.17 1.34 1.37 1.25 1.12 1.14 1.22 1.34 1.13 1.09 1.21 1.19 1.16 1.22 1.55 1.18

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $387,116K ÷ $357,103K
= 1.08

The current ratio for AdvanSix Inc has fluctuated over the past few years, ranging from a low of 1.08 to a high of 1.55. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting the ability to cover its short-term obligations.

From the data provided, we observe that the current ratio has generally remained above 1, indicating a healthy liquidity position for AdvanSix Inc. However, there have been fluctuations in the ratio over time, with some quarters showing stronger liquidity positions than others.

It is worth noting that a current ratio of around 1.5 in June 2020 indicates a relatively strong liquidity position, while a ratio of 1.08 in December 2024 suggests a slight decrease in liquidity. Overall, the company appears to have maintained a reasonable level of liquidity to meet its short-term obligations.

It is important to monitor the trend of the current ratio over time to assess the company's ability to manage its short-term financial obligations effectively.