BWX Technologies Inc (BWXT)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 817,801 | 771,619 | 773,732 | 773,598 | 629,755 |
| Total current liabilities | US$ in thousands | 375,046 | 367,860 | 459,615 | 529,727 | 404,709 |
| Current ratio | 2.18 | 2.10 | 1.68 | 1.46 | 1.56 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $817,801K ÷ $375,046K
= 2.18
The current ratio of BWX Technologies Inc has shown a consistent improvement over the past five years, indicating a strengthening liquidity position. The ratio has increased from 1.56 in 2019 to 2.18 in 2023. This signifies that the company's current assets are 2.18 times its current liabilities in 2023, reflecting a healthy ability to meet its short-term obligations. This trend suggests that the company has been managing its current assets and liabilities effectively, potentially enhancing its financial stability and operational flexibility. Overall, the increasing current ratio of BWX Technologies Inc demonstrates a positive liquidity position and efficient working capital management.
Peer comparison
Dec 31, 2023