Balchem Corporation (BCPC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 313,770 | 314,242 | 335,803 | 322,232 | 266,888 |
| Total current liabilities | US$ in thousands | 157,685 | 148,491 | 140,042 | 143,802 | 94,428 |
| Current ratio | 1.99 | 2.12 | 2.40 | 2.24 | 2.83 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $313,770K ÷ $157,685K
= 1.99
Balchem Corporation's current ratio has exhibited a declining trend over the past five years, decreasing from 2.83 in 2020 to 1.99 in 2024. Despite this decline, the company's current ratio has generally remained above 2 during this period, indicating a relatively healthy liquidity position. However, the decreasing trend suggests that Balchem may be facing challenges in managing its short-term obligations compared to its current assets. It would be advisable for the company to closely monitor its current assets and liabilities to ensure that it maintains a strong liquidity position and can meet its short-term financial obligations effectively in the future.
Peer comparison
Dec 31, 2024