ChampionX Corporation (CHX)
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 | 1,563,900 | 1,438,250 | 1,445,190 | 1,476,160 | 1,425,420 | 1,485,700 | 1,484,830 | 1,468,500 | 1,498,580 | 1,476,830 | 1,469,920 | 1,535,290 | 1,460,900 | 1,417,730 | 1,350,040 | 1,301,250 | 1,265,840 | 1,232,750 | 1,258,550 | 504,503 |
| Total current liabilities | US$ in thousands | 785,872 | 740,186 | 727,705 | 807,193 | 782,749 | 793,876 | 814,455 | 841,007 | 858,976 | 796,675 | 753,033 | 831,875 | 802,325 | 756,679 | 686,578 | 632,435 | 622,560 | 574,407 | 558,349 | 198,752 |
| Current ratio | 1.99 | 1.94 | 1.99 | 1.83 | 1.82 | 1.87 | 1.82 | 1.75 | 1.74 | 1.85 | 1.95 | 1.85 | 1.82 | 1.87 | 1.97 | 2.06 | 2.03 | 2.15 | 2.25 | 2.54 |
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 shown a gradual decline over the past few years, starting at 2.54 as of March 31, 2020, and reaching 1.99 as of December 31, 2024. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.
Although ChampionX Corporation's current ratio has decreased over time, it has generally remained above 1, indicating that the company has had sufficient current assets to cover its short-term obligations. However, the decreasing trend suggests that the company may be facing challenges in managing its short-term financial obligations or that its current assets are declining relative to its current liabilities.
It is essential for ChampionX Corporation to closely monitor its current ratio and take appropriate measures to ensure that it maintains a healthy liquidity position to meet its short-term financial commitments. Additional analysis of the individual components of current assets and liabilities can provide more insights into the company's liquidity management and financial health.
Peer comparison
Dec 31, 2024