Armstrong World Industries Inc (AWI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 348,900 | 313,000 | 356,500 | 321,900 | 311,800 |
| Total current liabilities | US$ in thousands | 249,700 | 194,500 | 182,700 | 209,600 | 172,300 |
| Current ratio | 1.40 | 1.61 | 1.95 | 1.54 | 1.81 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $348,900K ÷ $249,700K
= 1.40
The current ratio of Armstrong World Industries Inc has fluctuated over the past five years. As of December 31, 2020, the current ratio was 1.81, indicating that the company had $1.81 in current assets to cover each dollar of current liabilities. This ratio decreased to 1.54 by December 31, 2021, reflecting a potential weakening in the company's liquidity position.
However, the current ratio rebounded to 1.95 by December 31, 2022, suggesting an improvement in the company's ability to meet its short-term obligations. Subsequently, by December 31, 2023, the current ratio decreased to 1.61, signaling a potential dip in liquidity compared to the previous year.
Most recently, as of December 31, 2024, the current ratio further decreased to 1.40, indicating a potential strain on the company's short-term liquidity position. Overall, the fluctuations in Armstrong World Industries Inc's current ratio over the period suggest varying levels of liquidity and the need for closer monitoring of the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024