Badger Meter Inc (BMI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 540,116 | 442,177 | 347,832 | 261,360 | 220,851 |
| Total current liabilities | US$ in thousands | 118,205 | 131,948 | 110,312 | 82,146 | 65,199 |
| Current ratio | 4.57 | 3.35 | 3.15 | 3.18 | 3.39 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $540,116K ÷ $118,205K
= 4.57
The current ratio of Badger Meter Inc has demonstrated consistency and strength over the years. As of December 31, 2020, the ratio stood at 3.39, indicating the company had $3.39 in current assets for every $1 in current liabilities. Despite a slight decrease to 3.18 by December 31, 2021, the ratio remained well above the industry average, reflecting the company's ability to cover its short-term obligations comfortably.
Although there was a further slight decline to 3.15 by December 31, 2022, the ratio remained at a healthy level, suggesting that Badger Meter Inc maintained a strong liquidity position. The ratio then increased to 3.35 by December 31, 2023, indicating an improvement in the company's ability to meet its short-term liabilities.
Notably, by December 31, 2024, the current ratio spiked to 4.57, significantly surpassing the previous years' figures. This substantial increase suggests that Badger Meter Inc had a sizable buffer of current assets relative to current liabilities, further solidifying its liquidity position.
Overall, the trend in Badger Meter Inc's current ratio indicates a consistently robust liquidity position and efficient management of short-term obligations over the years.
Peer comparison
Dec 31, 2024