Topbuild Corp (BLD)
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 | 1,598,970 | 1,521,140 | 1,760,310 | 2,202,460 | 2,049,240 | 1,881,780 | 1,794,600 | 1,612,830 | 1,549,040 | 1,449,530 | 1,354,550 | 1,281,170 | 1,187,690 | 1,068,100 | 952,463 | 960,710 | 936,405 | 926,504 | 837,103 | 782,327 |
| Total current liabilities | US$ in thousands | 767,182 | 756,140 | 752,249 | 784,365 | 771,538 | 753,670 | 758,343 | 751,243 | 789,639 | 788,581 | 801,693 | 777,921 | 733,426 | 584,798 | 543,236 | 514,284 | 496,477 | 485,146 | 471,525 | 471,083 |
| Current ratio | 2.08 | 2.01 | 2.34 | 2.81 | 2.66 | 2.50 | 2.37 | 2.15 | 1.96 | 1.84 | 1.69 | 1.65 | 1.62 | 1.83 | 1.75 | 1.87 | 1.89 | 1.91 | 1.78 | 1.66 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,598,970K ÷ $767,182K
= 2.08
The current ratio of Topbuild Corp has shown fluctuations over the reported periods. The ratio has ranged from a low of 1.62 as of December 31, 2021, to a high of 2.81 as of March 31, 2024. This indicates that the company's ability to cover its short-term liabilities with its current assets has varied significantly.
Overall, the current ratio has generally been above 1, which suggests that Topbuild Corp has had sufficient current assets to meet its short-term obligations. However, investors and creditors may be concerned about the downward trend observed from June 30, 2024, when the ratio dipped to 2.34 from the peak of 2.81 in the previous quarter.
Further monitoring of the current ratio would be advisable to assess the company's liquidity position and determine if there are any underlying factors contributing to the observed fluctuations.