Axalta Coating Systems Ltd (AXTA)
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 | 2,821,300 | 2,785,800 | 2,689,600 | 2,623,900 | 2,692,700 | 2,668,400 | 2,578,000 | 2,516,300 | 2,575,600 | 2,513,800 | 3,048,200 | 2,890,800 | 2,925,900 | 2,850,300 | 2,480,200 | 2,189,300 | 2,573,400 | 2,433,100 | 2,312,100 | 2,261,600 |
| Total current liabilities | US$ in thousands | 1,427,500 | 1,358,300 | 1,329,200 | 1,279,700 | 1,384,700 | 1,349,700 | 1,333,400 | 1,345,000 | 1,334,900 | 1,276,600 | 1,216,200 | 1,190,100 | 1,180,900 | 1,065,200 | 860,900 | 1,007,200 | 1,072,900 | 1,034,900 | 996,800 | 1,021,500 |
| Current ratio | 1.98 | 2.05 | 2.02 | 2.05 | 1.94 | 1.98 | 1.93 | 1.87 | 1.93 | 1.97 | 2.51 | 2.43 | 2.48 | 2.68 | 2.88 | 2.17 | 2.40 | 2.35 | 2.32 | 2.21 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,821,300K ÷ $1,427,500K
= 1.98
Based on the data provided, the current ratio of Axalta Coating Systems Ltd has been relatively stable over the past eight quarters, ranging from 1.87 to 2.05. The current ratio measures the company's ability to meet its short-term liabilities with its current assets.
With a current ratio consistently above 1, Axalta Coating Systems Ltd has maintained a healthy liquidity position throughout the periods analyzed. A higher current ratio indicates that the company has more current assets relative to its current liabilities, which signifies a strong ability to cover its short-term obligations.
The slight fluctuations in the current ratio within the range of 1.87 to 2.05 may be influenced by changes in the company's current assets and liabilities over time. Overall, the company appears to have sound liquidity management, ensuring it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023