Belden Inc (BDC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,456,980 | 1,536,210 | 1,877,640 | 1,098,400 | 1,377,750 |
| Total current liabilities | US$ in thousands | 633,504 | 639,919 | 752,866 | 520,761 | 722,544 |
| Current ratio | 2.30 | 2.40 | 2.49 | 2.11 | 1.91 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,456,980K ÷ $633,504K
= 2.30
The current ratio for Belden Inc has shown a fluctuating trend over the past five years. In 2023, the current ratio decreased to 2.30 from 2.40 in 2022, indicating a slight decline in the company's ability to cover its short-term liabilities with its current assets. However, the current ratio still remains above 2, which generally suggests that Belden Inc has a healthy liquidity position and is capable of meeting its short-term obligations.
Comparing the current ratio over the years, we can observe that Belden Inc was able to maintain a current ratio above 2 since 2020, showing consistency in its liquidity management. While variations in the current ratio are normal and may be influenced by seasonal factors or changes in the business environment, it is important for the company to ensure that its liquidity position remains stable to meet its short-term financial commitments effectively.
Overall, the current ratio of Belden Inc indicates that the company has a strong ability to cover its short-term debts with its current assets, which is a positive sign for its financial health. However, it is essential for Belden Inc to continue monitoring and managing its liquidity position to ensure sustainable financial stability in the long run.
Peer comparison
Dec 31, 2023