Crane Company (CR)
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 | 1,403,200 | 1,244,800 | 1,109,200 | 1,072,200 | 1,090,800 | 1,058,700 | 1,033,800 | 1,695,800 | 1,698,600 | 1,482,300 | 1,728,400 | 1,652,300 | 1,744,200 | 1,761,500 | 1,672,300 | 1,642,400 | 1,574,200 | 1,622,100 | 1,629,300 | 1,446,200 |
| Total current liabilities | US$ in thousands | 520,100 | 572,100 | 520,600 | 492,800 | 467,100 | 415,600 | 401,100 | 974,500 | 1,477,900 | 1,075,800 | 845,300 | 797,800 | 795,200 | 765,200 | 758,800 | 1,034,600 | 1,056,600 | 1,143,100 | 1,227,200 | 1,057,600 |
| Current ratio | 2.70 | 2.18 | 2.13 | 2.18 | 2.34 | 2.55 | 2.58 | 1.74 | 1.15 | 1.38 | 2.04 | 2.07 | 2.19 | 2.30 | 2.20 | 1.59 | 1.49 | 1.42 | 1.33 | 1.37 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,403,200K ÷ $520,100K
= 2.70
The current ratio of Crane Company has shown fluctuations over the past few years. It increased steadily from 1.37 in March 2020 to 2.70 in December 2024. The ratio peaked at 2.58 in June 2023 and has generally remained above 1.00 since September 2020, indicating that the company had more than enough current assets to cover its current liabilities during this period. However, there was a slight decline in the current ratio in the most recent quarters of September and December 2024, which suggests that the company may need to closely monitor its liquidity position to ensure it can meet short-term obligations. Overall, the current ratio trend suggests an improvement in the company's short-term liquidity position over the years, with some recent fluctuations to be mindful of.
Peer comparison
Dec 31, 2024