CSW Industrials Inc (CSWI)
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 | 563,463 | 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 | 214,553 | 215,823 | 174,858 | 153,434 | 150,045 |
| Total current liabilities | US$ in thousands | 134,715 | 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 |
| Current ratio | 4.18 | 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 | 2.59 | 2.81 | 3.05 | 2.84 | 2.54 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $563,463K ÷ $134,715K
= 4.18
CSW Industrials Inc has exhibited varying levels of current ratio over the past few years, with the ratio fluctuating between 2.54 and 4.18. The current ratio, a liquidity ratio, is calculated by dividing current assets by current liabilities. A higher current ratio indicates that the company can more easily meet its short-term obligations.
From March 31, 2020, to December 31, 2022, CSW Industrials Inc maintained a relatively stable current ratio ranging from 2.54 to 2.95. However, from September 30, 2024, the current ratio experienced a significant increase, reaching 4.18 by December 31, 2024. This sudden spike in the current ratio suggests that the company significantly increased its current assets relative to its current liabilities, potentially strengthening its liquidity position.
Overall, CSW Industrials Inc's current ratio has displayed a general trend of maintaining a moderate level of liquidity, with occasional fluctuations observed. The increasing trend in recent periods indicates a positive liquidity position and the ability to meet short-term obligations comfortably. Investors and stakeholders may view this trend favorably as it can imply improved financial health and operational efficiency.
Peer comparison
Dec 31, 2024