Clearwater Paper Corporation (CLW)
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 | 564,100 | 627,000 | 592,100 | 567,900 | 586,300 | 570,200 | 557,200 | 507,500 | 487,200 | 483,600 | 498,600 | 500,400 | 474,900 | 492,000 | 484,400 | 520,900 | 465,800 | 464,260 | 519,136 | 486,820 |
| Total current liabilities | US$ in thousands | 286,000 | 260,900 | 263,500 | 265,500 | 312,000 | 295,100 | 300,300 | 256,100 | 254,100 | 256,900 | 255,900 | 235,300 | 244,800 | 239,600 | 247,500 | 290,400 | 280,400 | 294,993 | 543,724 | 515,220 |
| Current ratio | 1.97 | 2.40 | 2.25 | 2.14 | 1.88 | 1.93 | 1.86 | 1.98 | 1.92 | 1.88 | 1.95 | 2.13 | 1.94 | 2.05 | 1.96 | 1.79 | 1.66 | 1.57 | 0.95 | 0.94 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $564,100K ÷ $286,000K
= 1.97
Clearwater Paper Corp's current ratio has exhibited some fluctuations over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
In Q4 2023, the current ratio stands at 1.97, indicating that the company has $1.97 in current assets for every dollar of current liabilities. While this ratio is lower than the previous quarter (Q3 2023), it is still considered sufficient to meet short-term obligations.
Looking at the trend over the past eight quarters, Clearwater Paper Corp's current ratio has generally been above 1.5, which is a common threshold for indicating financial stability. The highest current ratio was observed in Q3 2023 at 2.40, signaling a strong ability to cover short-term liabilities with current assets.
It is important to continue monitoring Clearwater Paper Corp's current ratio to ensure that the company maintains a healthy liquidity position and can meet its short-term financial commitments effectively.