Allegheny Technologies Incorporated (ATI)

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	2,945,000	2,778,400	2,652,900	2,517,900	2,737,700	2,599,700	2,458,600	2,316,300	2,476,400	2,369,400	2,311,700	2,285,700	2,306,700	2,689,100	1,996,500	2,093,400	2,066,000	2,086,300	2,201,600	2,508,000
Total current liabilities	US$ in thousands	1,208,500	945,300	1,245,600	897,100	977,100	829,300	897,500	824,000	963,900	822,800	799,900	877,200	856,400	1,207,300	599,100	689,200	653,300	563,700	614,400	1,059,200
Current ratio		2.44	2.94	2.13	2.81	2.80	3.13	2.74	2.81	2.57	2.88	2.89	2.61	2.69	2.23	3.33	3.04	3.16	3.70	3.58	2.37

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,945,000K ÷ $1,208,500K
= 2.44

The current ratio of Allegheny Technologies Incorporated has shown fluctuations over the periods presented. Starting at 2.37 in March 2020, the ratio increased to 3.70 by September 2020, implying the company's ability to cover its short-term liabilities with its current assets improved significantly. However, the ratio dropped to 2.23 in September 2021, indicating potential liquidity challenges. From that point onwards, the ratio has varied between 2.13 and 3.33, with the most recent data at 2.44 as of December 31, 2024. Overall, while the current ratio of Allegheny Technologies Incorporated has fluctuated during the period analyzed, it generally indicates the company's ability to meet its short-term obligations with its current assets, although there have been some periods of potential liquidity strain.