Crane NXT Co (CXT)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 642,500 | 644,400 | 1,751,900 | 1,543,100 | 1,573,700 |
| Total current liabilities | US$ in thousands | 562,400 | 334,400 | 1,488,200 | 789,300 | 1,056,600 |
| Current ratio | 1.14 | 1.93 | 1.18 | 1.96 | 1.49 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $642,500K ÷ $562,400K
= 1.14
The current ratio of Crane NXT Co has demonstrated fluctuations over the years, ranging from 1.14 to 1.96. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as favorable for meeting short-term obligations.
In 2020, the current ratio stood at 1.49, suggesting the company had a sufficient cushion to cover its short-term liabilities with its current assets. However, in 2022, the ratio decreased to 1.18, potentially indicating a tighter liquidity position compared to the previous year.
The company's liquidity position improved in 2021 with a current ratio of 1.96, reflecting increased current assets relative to current liabilities. This improvement continued in 2023, reaching a ratio of 1.93, which may indicate enhanced ability to cover short-term obligations.
However, by 2024, the current ratio dropped to 1.14, potentially signaling a decrease in liquidity and ability to meet short-term liabilities with current assets. It's essential for Crane NXT Co to monitor and manage its liquidity position effectively to ensure it can meet its short-term financial obligations in a sustainable manner.
Peer comparison
Dec 31, 2024