CTS Corporation (CTS)

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	319,349	334,324	329,877	322,644	325,760	326,397	278,550	292,045	289,089	277,449	263,344	246,636	233,231	263,683	264,795	282,978	237,478	245,029	250,419	242,225
Total current liabilities	US$ in thousands	97,039	103,426	107,182	105,776	112,532	121,939	115,376	115,040	114,066	105,072	102,311	106,710	104,932	95,119	77,771	93,238	96,948	100,551	96,315	97,504
Current ratio		3.29	3.23	3.08	3.05	2.89	2.68	2.41	2.54	2.53	2.64	2.57	2.31	2.22	2.77	3.40	3.04	2.45	2.44	2.60	2.48

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $319,349K ÷ $97,039K
= 3.29

The current ratio of CTS Corp. has been showing a positive trend over the past quarters, indicating strong short-term liquidity and ability to cover its current liabilities with current assets. The ratio has consistently increased from 2.54 in Q1 2022 to 3.29 in Q4 2023. This improvement suggests that the company has been managing its current assets and liabilities effectively, which is a positive sign for its financial health. Overall, the increasing current ratio reflects a strong financial position for CTS Corp. and suggests that it has the ability to meet its short-term obligations comfortably.