Charles River Laboratories (CRL)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	1,403,070	1,608,660	1,439,030	1,274,100	1,201,130
Total current liabilities	US$ in thousands	994,101	1,055,080	1,091,580	1,033,180	839,751
Current ratio		1.41	1.52	1.32	1.23	1.43

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,403,070K ÷ $994,101K
= 1.41

The current ratio of Charles River Laboratories has shown some fluctuation over the past five years based on the provided data. As of December 31, 2020, the current ratio stood at 1.43, indicating the company had $1.43 in current assets for every $1 in current liabilities.

However, by December 31, 2021, the current ratio had decreased to 1.23, suggesting a slight weakening of the company's ability to cover its short-term obligations with its current assets. This trend continued in the following year, with the current ratio improving to 1.32 by December 31, 2022.

As of December 31, 2023, the current ratio strengthened further to 1.52, indicating a healthier liquidity position for Charles River Laboratories. Nonetheless, by December 31, 2024, the current ratio had dropped slightly to 1.41, although it still remained above 1, signifying the company's ability to meet its short-term obligations.

Overall, while the current ratio has displayed some variability, it generally suggests that Charles River Laboratories has maintained a reasonable level of liquidity and ability to cover its short-term liabilities over the five-year period.