Belden Inc (BDC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,196,230 | 1,456,980 | 1,536,210 | 1,877,640 | 1,098,400 |
| Total current liabilities | US$ in thousands | 622,704 | 633,504 | 639,919 | 752,866 | 520,761 |
| Current ratio | 1.92 | 2.30 | 2.40 | 2.49 | 2.11 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,196,230K ÷ $622,704K
= 1.92
The current ratio of Belden Inc has exhibited a positive trend over the past five years. Starting at 2.11 in December 31, 2020, the ratio steadily increased to 2.49 by December 31, 2021. Although there was a slight dip to 2.40 in December 31, 2022, the ratio remained relatively strong.
However, there was a more noticeable decrease to 2.30 by December 31, 2023, indicating a potential strain on Belden Inc's short-term liquidity. This was further emphasized by a sharper decline to 1.92 by December 31, 2024, suggesting a potential reduction in the company's ability to meet its short-term obligations.
Overall, while the current ratio of Belden Inc has generally been above 1, which indicates a healthy liquidity position, the decreasing trend in recent years may require closer monitoring to ensure the company can effectively manage its current liabilities with its current assets.