Armstrong World Industries Inc (AWI)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 313,000 | 350,100 | 362,000 | 362,000 | 356,500 | 351,800 | 344,400 | 318,100 | 321,900 | 310,300 | 317,500 | 316,300 | 311,800 | 323,300 | 320,000 | 345,400 | 244,400 | 296,700 | 695,600 | 749,000 |
| Total current liabilities | US$ in thousands | 194,500 | 185,800 | 176,800 | 166,300 | 182,700 | 212,400 | 207,200 | 192,800 | 209,600 | 194,300 | 177,600 | 156,200 | 172,300 | 132,300 | 156,900 | 169,800 | 155,200 | 142,200 | 581,500 | 589,900 |
| Current ratio | 1.61 | 1.88 | 2.05 | 2.18 | 1.95 | 1.66 | 1.66 | 1.65 | 1.54 | 1.60 | 1.79 | 2.02 | 1.81 | 2.44 | 2.04 | 2.03 | 1.57 | 2.09 | 1.20 | 1.27 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $313,000K ÷ $194,500K
= 1.61
Based on the current ratio data provided for Armstrong World Industries Inc. over the past eight quarters, there has been some fluctuation in the company's short-term liquidity position. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
In the most recent quarter (Q4 2023), Armstrong World Industries Inc. had a current ratio of 1.61, which indicates that the company had $1.61 in current assets for every $1 of current liabilities. This suggests that the company may have a slightly weaker liquidity position compared to the previous quarter.
However, over the past year, the company's current ratio has generally been above 1.5, which is considered a healthy level indicating that the company has sufficient current assets to meet its short-term obligations. The current ratio peaked in Q1 2023 at 2.18, suggesting a strong liquidity position at that time.
Overall, while there has been some variability in Armstrong World Industries Inc.'s current ratio, the company has maintained a generally healthy liquidity position over the past year. It is important for investors and stakeholders to continue monitoring the company's current ratio and other financial metrics to assess its financial health and performance.
Peer comparison
Dec 31, 2023