CTS Corporation (CTS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 244,277 | 319,349 | 325,760 | 289,089 | 233,231 |
| Total current liabilities | US$ in thousands | 97,553 | 97,039 | 112,532 | 114,066 | 104,932 |
| Current ratio | 2.50 | 3.29 | 2.89 | 2.53 | 2.22 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $244,277K ÷ $97,553K
= 2.50
The current ratio of CTS Corporation has shown a consistent upward trend over the past five years, increasing from 2.22 in December 2020 to 2.50 in December 2024. This indicates that the company's liquidity position has generally improved over this period. A current ratio above 1 signifies that CTS Corporation has more current assets than current liabilities, suggesting a strong ability to cover its short-term obligations. However, the slight dip in the current ratio in 2024 to 2.50 from the previous year's high of 3.29 may warrant further investigation to understand the underlying reasons for this decrease and assess any potential implications for the company's financial health.
Peer comparison
Dec 31, 2024