BWX Technologies Inc (BWXT)
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 | 817,801 | 877,881 | 839,201 | 851,729 | 771,619 | 849,704 | 852,660 | 792,405 | 773,732 | 813,823 | 922,652 | 759,239 | 773,598 | 709,600 | 623,973 | 687,040 | 629,755 | 621,450 | 587,380 | 577,564 |
| Total current liabilities | US$ in thousands | 375,046 | 351,169 | 348,061 | 348,857 | 367,860 | 406,797 | 409,367 | 408,644 | 459,615 | 397,793 | 801,643 | 403,977 | 529,727 | 382,551 | 375,335 | 343,158 | 404,709 | 333,740 | 315,392 | 325,760 |
| Current ratio | 2.18 | 2.50 | 2.41 | 2.44 | 2.10 | 2.09 | 2.08 | 1.94 | 1.68 | 2.05 | 1.15 | 1.88 | 1.46 | 1.85 | 1.66 | 2.00 | 1.56 | 1.86 | 1.86 | 1.77 |
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 generally stable trend over the past eight quarters, ranging from 1.94 to 2.50. This ratio indicates the company's ability to meet its short-term obligations with its current assets. A higher current ratio suggests a stronger ability to cover short-term obligations, and BWX's current ratio has remained above 2 for the last five quarters, indicating a healthy liquidity position.
In Q3 2023, the company experienced a peak current ratio of 2.50, reflecting an increase in current assets relative to current liabilities. This may indicate efficient management of working capital and a strong ability to meet short-term obligations. However, in Q4 2022, the current ratio dipped to 2.10, but it remained above 2, suggesting that the company's short-term liquidity position was still adequate.
Overall, BWX Technologies Inc's current ratio has demonstrated consistency and strength in its ability to meet short-term obligations, providing a favorable indication of the company's financial health and liquidity management.
Peer comparison
Dec 31, 2023