Crane Company (CR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,403,200 | 1,090,800 | 1,698,600 | 1,744,200 | 1,574,200 |
| Total current liabilities | US$ in thousands | 543,400 | 467,100 | 1,477,900 | 795,200 | 1,056,600 |
| Current ratio | 2.58 | 2.34 | 1.15 | 2.19 | 1.49 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,403,200K ÷ $543,400K
= 2.58
Based on the data provided, Crane Company's current ratio has exhibited fluctuations over the past five years. The current ratio, which measures the firm's ability to meet its short-term obligations with its current assets, was 1.49 as of December 31, 2020. It then improved to 2.19 by December 31, 2021, indicating a stronger liquidity position. However, in the subsequent year, the current ratio decreased to 1.15, potentially signaling challenges in meeting short-term obligations with current assets.
The company's liquidity position rebounded in the following years, with the current ratio reaching 2.34 as of December 31, 2023, and further improving to 2.58 by December 31, 2024. This upward trend suggests that Crane Company has potentially enhanced its ability to cover its short-term liabilities with its current assets, indicating improved financial stability and liquidity over the years. Overall, the company's current ratio performance reflects varying levels of liquidity and the ability to manage short-term obligations effectively.
Peer comparison
Dec 31, 2024