Badger Meter Inc (BMI)
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 | 540,116 | 529,296 | 509,217 | 470,598 | 442,177 | 422,952 | 388,587 | 360,843 | 347,832 | 325,628 | 303,921 | 281,277 | 261,360 | 241,712 | 219,313 | 204,112 | 220,851 | 232,750 | 223,407 | 211,429 |
| Total current liabilities | US$ in thousands | 118,205 | 129,163 | 138,119 | 135,094 | 131,948 | 128,782 | 118,914 | 115,786 | 110,312 | 101,785 | 97,335 | 88,509 | 82,146 | 75,855 | 72,309 | 71,766 | 65,199 | 60,192 | 62,701 | 60,456 |
| Current ratio | 4.57 | 4.10 | 3.69 | 3.48 | 3.35 | 3.28 | 3.27 | 3.12 | 3.15 | 3.20 | 3.12 | 3.18 | 3.18 | 3.19 | 3.03 | 2.84 | 3.39 | 3.87 | 3.56 | 3.50 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $540,116K ÷ $118,205K
= 4.57
Badger Meter Inc has demonstrated consistent strength in its current ratio over the past few years, indicating a healthy ability to meet its short-term obligations using current assets. The current ratio has generally remained above 3.00, reflecting a strong liquidity position.
There was a slight decline in the current ratio from March 31, 2021, to June 30, 2021, but it recovered and has since shown stability above the 3.00 mark. Notably, the current ratio increased significantly from December 31, 2023, to December 31, 2024, reaching a high of 4.57. This sharp increase suggests an improvement in the company's short-term liquidity position.
Overall, Badger Meter's current ratio trend indicates a consistently healthy liquidity position, with the company maintaining a comfortable margin to cover its current liabilities with current assets. This stability and improvement in the current ratio showcase the company's ability to efficiently manage its working capital and meet its short-term financial obligations.
Peer comparison
Dec 31, 2024