ChampionX Corporation (CHX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,563,900 | 1,425,420 | 1,498,580 | 1,460,900 | 1,265,840 |
| Total current liabilities | US$ in thousands | 785,872 | 782,749 | 858,976 | 802,325 | 622,560 |
| Current ratio | 1.99 | 1.82 | 1.74 | 1.82 | 2.03 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,563,900K ÷ $785,872K
= 1.99
The current ratio of ChampionX Corporation has been showing a slight decline over the past few years. As of December 31, 2020, the ratio stood at 2.03, indicating good short-term liquidity. However, by December 31, 2024, the current ratio decreased to 1.99, which is still close to 2 and suggests the company's ability to meet its short-term obligations remains relatively strong. Despite fluctuations, the current ratio has generally remained above 1, implying the company has sufficient current assets to cover its current liabilities, though it may be worth monitoring for any potential liquidity concerns in the future.
Peer comparison
Dec 31, 2024