BWX Technologies Inc (BWXT)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 929,997 | 817,801 | 771,619 | 773,732 | 773,598 |
| Total current liabilities | US$ in thousands | 474,201 | 375,046 | 367,860 | 459,615 | 529,727 |
| Current ratio | 1.96 | 2.18 | 2.10 | 1.68 | 1.46 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $929,997K ÷ $474,201K
= 1.96
Based on the provided data, BWX Technologies Inc's current ratio has shown a generally improving trend over the years. The current ratio, which measures the company's ability to meet its short-term obligations with its current assets, increased from 1.46 on December 31, 2020, to 1.68 on December 31, 2021, and further improved to 2.10 on December 31, 2022.
In 2023, the current ratio continued to strengthen, reaching 2.18, indicating the company's enhanced liquidity position. However, there was a slight decline in the current ratio to 1.96 on December 31, 2024, which is still above the ratio from the initial year, reflecting the company's overall ability to cover its short-term liabilities with its current assets.
Overall, the upward trend in the current ratio suggests that BWX Technologies Inc has been effectively managing its current assets and liabilities, ensuring it has sufficient resources to meet its immediate financial obligations. Nevertheless, it is important for the company to monitor and maintain this ratio at adequate levels to sustain its liquidity position in the long run.
Peer comparison
Dec 31, 2024