Badger Meter Inc (BMI)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 442,177 | 422,952 | 388,587 | 360,843 | 347,832 | 325,628 | 303,921 | 281,277 | 261,360 | 245,692 | 219,313 | 204,112 | 223,688 | 232,750 | 223,407 | 211,429 | 200,094 | 191,541 | 175,544 | 171,223 |
| Total current liabilities | US$ in thousands | 131,948 | 128,782 | 118,914 | 115,786 | 110,312 | 101,785 | 97,335 | 88,509 | 82,146 | 79,835 | 72,309 | 71,766 | 68,036 | 60,192 | 62,701 | 60,456 | 57,247 | 58,845 | 54,307 | 57,924 |
| Current ratio | 3.35 | 3.28 | 3.27 | 3.12 | 3.15 | 3.20 | 3.12 | 3.18 | 3.18 | 3.08 | 3.03 | 2.84 | 3.29 | 3.87 | 3.56 | 3.50 | 3.50 | 3.26 | 3.23 | 2.96 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $442,177K ÷ $131,948K
= 3.35
The current ratio of Badger Meter Inc. has exhibited stable and healthy liquidity levels over the past eight quarters, ranging from 3.12 to 3.35. The current ratio measures the company's ability to meet its short-term obligations using its current assets.
Having a current ratio consistently above 2 indicates that the company is well-equipped to cover its short-term liabilities with its current assets. Badger Meter Inc.'s current ratio consistently above 3 suggests that the company has a strong liquidity position, with more than enough current assets to cover its short-term obligations.
The gradual fluctuations in the current ratio indicate a steady management of current assets and liabilities. Overall, the current ratio trend for Badger Meter Inc. shows a financially sound position, with ample liquidity to address short-term financial commitments.
Peer comparison
Dec 31, 2023