CSW Industrials Inc (CSWI)
Current ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 609,497 | 331,219 | 331,410 | 307,508 | 318,647 | 318,680 | 323,056 | 322,337 | 326,285 | 330,930 | 300,147 | 250,718 | 244,872 | 242,672 | 219,118 | 215,823 | 174,858 | 153,434 | 150,045 | 158,625 |
| Total current liabilities | US$ in thousands | 159,450 | 121,485 | 115,836 | 111,127 | 112,702 | 106,445 | 108,039 | 109,376 | 111,881 | 121,814 | 117,402 | 98,426 | 85,714 | 91,727 | 82,748 | 76,759 | 57,410 | 53,953 | 59,146 | 53,279 |
| Current ratio | 3.82 | 2.73 | 2.86 | 2.77 | 2.83 | 2.99 | 2.99 | 2.95 | 2.92 | 2.72 | 2.56 | 2.55 | 2.86 | 2.65 | 2.65 | 2.81 | 3.05 | 2.84 | 2.54 | 2.98 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $609,497K ÷ $159,450K
= 3.82
The current ratio of CSW Industrials Inc has demonstrated some fluctuations over the past few years, ranging from a low of 2.54 to a high of 3.82 as of September 30, 2024. Generally, the current ratio has remained above 2.5, indicating that the company has a strong ability to cover its short-term liabilities with its current assets.
The current ratio was relatively stable around 2.9 in the first half of 2023 before increasing to 2.99 in the third quarter of 2023. There was a slight dip in the ratio to 2.83 in the fourth quarter of 2023 but recovered to 2.77 by March 31, 2024. The ratio further improved to 2.86 in the second quarter of 2024 before reaching 2.73 by June 30, 2024, showing temporary weakness.
However, there was a significant improvement in the current ratio to 3.82 by September 30, 2024, which indicates a substantial increase in current assets or a decrease in current liabilities compared to the previous quarter. This surge suggests a strong liquidity position for the company at the end of the third quarter of 2024.
Overall, the current ratio analysis suggests that CSW Industrials Inc has maintained a healthy liquidity position over the analyzed period, with occasional fluctuations that are worth monitoring to ensure continued financial stability.
Peer comparison
Sep 30, 2024