Belden Inc (BDC)
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 | 1,196,230 | 1,198,300 | 1,412,540 | 1,314,390 | 1,456,980 | 1,412,350 | 1,436,520 | 1,441,070 | 1,536,210 | 1,384,610 | 1,408,850 | 1,393,680 | 1,877,640 | 1,267,990 | 1,164,970 | 1,064,390 | 1,098,400 | 1,006,760 | 1,191,120 | 1,186,970 |
| Total current liabilities | US$ in thousands | 622,704 | 579,310 | 829,655 | 514,530 | 633,504 | 553,171 | 567,787 | 534,485 | 639,919 | 545,502 | 590,337 | 583,548 | 752,866 | 622,427 | 582,537 | 508,006 | 520,761 | 457,782 | 539,062 | 574,218 |
| Current ratio | 1.92 | 2.07 | 1.70 | 2.55 | 2.30 | 2.55 | 2.53 | 2.70 | 2.40 | 2.54 | 2.39 | 2.39 | 2.49 | 2.04 | 2.00 | 2.10 | 2.11 | 2.20 | 2.21 | 2.07 |
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 shown fluctuations over the past few years. Starting at 2.07 on March 31, 2020, the ratio increased to 2.21 by June 30, 2020, and remained relatively stable around 2.20 for the next few quarters. A slight decrease was noted to 2.11 on December 31, 2020, and further to 2.10 on March 31, 2021.
However, there was a more significant decline to 2.00 by June 30, 2021, which then improved slightly to 2.04 by September 30, 2021. Notably, there was a substantial increase in the current ratio to 2.49 by December 31, 2021, and continued to rise to 2.54 on September 30, 2022. The ratio slightly decreased to 2.40 by December 31, 2022, but then increased notably to 2.70 by March 31, 2023.
After this peak, the current ratio decreased to 2.53 on June 30, 2023, and then increased again to 2.55 by September 30, 2023. A slight decline was observed to 2.30 by December 31, 2023, followed by an increase to 2.55 on March 31, 2024. However, a significant drop occurred thereafter, with the ratio decreasing to 1.70 by June 30, 2024, before slightly improving to 2.07 on September 30, 2024, and then declining again to 1.92 by December 31, 2024.
Overall, the fluctuations in Belden Inc's current ratio indicate varying levels of liquidity and ability to meet short-term obligations over the analyzed timeframe. It is essential to further investigate the reasons behind the significant drops and increases to assess the company's financial health accurately.
Peer comparison
Dec 31, 2024