Balchem Corporation (BCPC)
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 | 313,770 | 325,988 | 320,156 | 324,859 | 314,242 | 341,222 | 336,534 | 335,603 | 335,803 | 368,111 | 377,141 | 319,804 | 322,232 | 300,275 | 287,263 | 281,204 | 266,888 | 270,122 | 263,862 | 270,681 |
| Total current liabilities | US$ in thousands | 157,685 | 109,439 | 113,322 | 124,425 | 148,491 | 108,038 | 114,386 | 116,523 | 140,042 | 142,085 | 144,143 | 123,529 | 143,802 | 104,926 | 100,759 | 88,763 | 94,428 | 68,413 | 67,960 | 71,720 |
| Current ratio | 1.99 | 2.98 | 2.83 | 2.61 | 2.12 | 3.16 | 2.94 | 2.88 | 2.40 | 2.59 | 2.62 | 2.59 | 2.24 | 2.86 | 2.85 | 3.17 | 2.83 | 3.95 | 3.88 | 3.77 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $313,770K ÷ $157,685K
= 1.99
Balchem Corporation's current ratio has shown fluctuations over the last few years, ranging from a high of 3.95 in September 2020 to a low of 1.99 in December 2024. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio indicates that the company has more current assets relative to its current liabilities, which is generally seen as a positive sign as it suggests a strong liquidity position.
The company experienced a downward trend in its current ratio from December 2021 to December 2024, which may indicate potential liquidity challenges or difficulties in managing short-term obligations during this period. It is worth noting that a current ratio below 1 suggests that the company may have difficulties meeting its short-term obligations.
Overall, Balchem Corporation's current ratio has fluctuated over the years, indicating changes in its liquidity position. Further analysis of the company's financial statements and other related ratios would be useful to gain a more comprehensive understanding of its financial health and liquidity management.
Peer comparison
Dec 31, 2024