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.
Peer comparison
Dec 31, 2024