American Axle & Manufacturing (AXL)

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	1,914,800	2,135,500	2,105,400	2,093,200	2,006,600	2,139,200	2,109,600	2,004,500	1,993,400	2,055,500	2,055,800	2,040,900	1,856,000	1,822,000	1,950,500	1,982,400	1,877,000	1,912,600	1,961,500	2,043,100
Total current liabilities	US$ in thousands	1,175,200	1,294,200	1,255,100	1,235,600	1,201,600	1,248,700	1,233,600	1,198,000	1,199,300	1,214,300	1,213,700	1,153,700	1,039,900	1,003,200	1,152,100	1,042,100	979,300	1,024,300	1,260,300	1,218,700
Current ratio		1.63	1.65	1.68	1.69	1.67	1.71	1.71	1.67	1.66	1.69	1.69	1.77	1.78	1.82	1.69	1.90	1.92	1.87	1.56	1.68

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,914,800K ÷ $1,175,200K
= 1.63

American Axle & Manufacturing's current ratio has shown some fluctuations over the past years. It was at 1.68 as of March 31, 2020, indicating that the company had $1.68 in current assets for every $1 in current liabilities. The ratio decreased slightly to 1.56 by June 30, 2020, before increasing to 1.87 by September 30, 2020.

The ratio continued to improve, reaching a peak of 1.92 by December 31, 2020. However, there was a slight decline in the ratio to 1.90 by March 31, 2021, and further to 1.69 by June 30, 2021. Subsequently, it rose to 1.82 by September 30, 2021, before dropping to 1.78 by December 31, 2021.

Throughout the following years, the current ratio fluctuated between 1.66 and 1.77, indicating that the company maintained a healthy level of current assets relative to its current liabilities. As of December 31, 2024, the current ratio stood at 1.63, showing a slight decrease compared to previous periods.

Overall, the current ratio of American Axle & Manufacturing has demonstrated stability within a reasonable range over the years, suggesting the company's ability to meet its short-term financial obligations. It is essential for the company to continue monitoring and managing its current assets and liabilities to ensure liquidity and financial health.