Carlisle Companies Incorporated (CSL)
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 | 3,408,100 | 3,657,000 | 2,692,900 | 2,152,300 | 2,245,000 | 2,770,900 | 2,532,600 | 2,228,800 | 2,150,900 | 2,081,800 | 2,512,500 | 2,144,500 | 2,209,300 | 2,140,200 | 2,152,900 | 2,608,600 | 1,752,000 | 2,107,400 | 1,922,200 | 1,877,300 |
| Total current liabilities | US$ in thousands | 1,186,300 | 875,600 | 1,045,300 | 930,000 | 1,078,400 | 1,552,100 | 1,259,700 | 1,188,600 | 1,169,500 | 851,300 | 761,700 | 660,100 | 646,200 | 645,700 | 613,900 | 602,700 | 899,000 | 692,200 | 649,900 | 633,200 |
| Current ratio | 2.87 | 4.18 | 2.58 | 2.31 | 2.08 | 1.79 | 2.01 | 1.88 | 1.84 | 2.45 | 3.30 | 3.25 | 3.42 | 3.31 | 3.51 | 4.33 | 1.95 | 3.04 | 2.96 | 2.96 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,408,100K ÷ $1,186,300K
= 2.87
The current ratio of Carlisle Companies Inc. has shown fluctuations over the past eight quarters, ranging from a low of 1.79 in Q3 2022 to a high of 4.18 in Q3 2023. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally a positive sign.
In Q4 2023, the current ratio stands at 2.87, indicating that the company has approximately $2.87 in current assets for every $1 in current liabilities. This is a relatively strong current ratio and suggests that Carlisle Companies Inc. is in a favorable position to meet its short-term obligations. The significant increase from the previous quarter (Q3 2023) implies an improvement in the company's liquidity position.
Overall, the trend in the current ratio of Carlisle Companies Inc. has been fluctuating but generally improving over the past eight quarters, with some quarters showing more stability and strength in liquidity than others. Investors and analysts may find comfort in the company's ability to maintain a healthy level of current assets relative to its current liabilities.
Peer comparison
Dec 31, 2023