Astec Industries Inc (ASTE)
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 | 722,800 | 740,100 | 775,000 | 774,900 | 719,500 | 746,300 | 675,900 | 680,400 | 696,400 | 649,600 | 661,500 | 675,700 | 641,700 | 644,800 | 634,500 | 592,000 | 565,800 | 533,200 | 530,400 | 534,200 |
| Total current liabilities | US$ in thousands | 271,700 | 299,200 | 311,200 | 310,400 | 299,000 | 282,200 | 264,100 | 272,000 | 274,000 | 283,900 | 273,400 | 256,500 | 225,300 | 212,000 | 207,800 | 185,100 | 170,300 | 161,200 | 144,000 | 168,900 |
| Current ratio | 2.66 | 2.47 | 2.49 | 2.50 | 2.41 | 2.64 | 2.56 | 2.50 | 2.54 | 2.29 | 2.42 | 2.63 | 2.85 | 3.04 | 3.05 | 3.20 | 3.32 | 3.31 | 3.68 | 3.16 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $722,800K ÷ $271,700K
= 2.66
Astec Industries Inc's current ratio has gradually decreased from 3.16 as of March 31, 2020, to 2.66 as of December 31, 2024. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that a company has more current assets than current liabilities, which is generally seen as a positive sign of financial health.
In Astec's case, the current ratio has generally remained above 2 over the years, indicating a strong ability to cover its short-term obligations. However, the declining trend in the current ratio may suggest potential liquidity challenges or inefficiencies in managing current assets and liabilities. It is essential for investors and stakeholders to monitor the company's current ratio over time to assess its ongoing liquidity position and financial stability.
Peer comparison
Dec 31, 2024