Barnes Group Inc (B)
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 | 906,720 | 903,413 | 766,917 | 754,150 | 732,304 | 682,074 | 690,423 | 686,512 | 680,209 | 672,057 | 664,669 | 648,403 | 642,345 | 648,715 | 665,522 | 756,591 | 764,390 | 772,406 | 794,324 | 797,421 |
| Total current liabilities | US$ in thousands | 396,610 | 380,589 | 334,756 | 312,996 | 305,073 | 283,722 | 284,862 | 282,348 | 310,394 | 307,556 | 307,433 | 297,591 | 295,379 | 317,217 | 333,948 | 351,569 | 342,875 | 347,004 | 373,646 | 369,031 |
| Current ratio | 2.29 | 2.37 | 2.29 | 2.41 | 2.40 | 2.40 | 2.42 | 2.43 | 2.19 | 2.19 | 2.16 | 2.18 | 2.17 | 2.05 | 1.99 | 2.15 | 2.23 | 2.23 | 2.13 | 2.16 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $906,720K ÷ $396,610K
= 2.29
The current ratio of Barnes Group Inc. has ranged from 2.29 to 2.43 over the past eight quarters. This indicates the company's ability to cover its short-term liabilities with its current assets. The current ratio measures the company's liquidity, with a higher ratio generally indicating a stronger ability to meet short-term obligations.
Barnes Group Inc. has maintained a current ratio above 2.0 consistently, which suggests that the company has a comfortable level of current assets to cover its current liabilities. A current ratio above 2.0 is typically seen as a positive sign as it shows that the company is not overly reliant on short-term borrowing to meet its obligations.
The slight fluctuations in the current ratio over the quarters may reflect changes in the company's current asset and liability levels. Overall, the current ratio trend for Barnes Group Inc. indicates a stable financial position and ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023