Crane NXT Co (CXT)
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 | 644,400 | 625,200 | 701,200 | 1,695,800 | 623,300 | 1,482,300 | 1,728,400 | 1,652,300 | 1,543,100 | 1,761,500 | 1,672,300 | 1,642,400 | 1,573,700 | 1,622,100 | 1,629,300 | 1,446,200 | 1,499,900 | 1,456,900 | 1,379,900 | 1,371,300 |
| Total current liabilities | US$ in thousands | 334,400 | 312,600 | 316,900 | 974,500 | 631,400 | 1,075,800 | 845,300 | 797,800 | 789,300 | 765,200 | 758,800 | 1,034,600 | 1,056,600 | 1,143,100 | 1,227,200 | 1,057,600 | 916,700 | 649,000 | 634,600 | 703,700 |
| Current ratio | 1.93 | 2.00 | 2.21 | 1.74 | 0.99 | 1.38 | 2.04 | 2.07 | 1.96 | 2.30 | 2.20 | 1.59 | 1.49 | 1.42 | 1.33 | 1.37 | 1.64 | 2.24 | 2.17 | 1.95 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $644,400K ÷ $334,400K
= 1.93
Crane NXT Co's current ratio has shown fluctuations over the past few quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that a company has more current assets than current liabilities, which is considered a good sign.
Looking at the data provided, the current ratio ranged from a low of 0.99 in Dec 2022 to a high of 2.30 in Sep 2021. The current ratio has generally been above 1 in most quarters, indicating that Crane NXT Co typically has more than enough current assets to cover its short-term liabilities.
The current ratio peaked at 2.30 in Sep 2021, suggesting strong short-term liquidity at that point. However, the ratio dipped to 0.99 in Dec 2022, which may indicate potential liquidity concerns or issues with managing short-term obligations during that period. Subsequently, the current ratio has shown volatility, with fluctuations seen in recent quarters.
Overall, while the current ratio has varied over time, the company has generally maintained a current ratio above 1, which suggests a reasonable level of short-term liquidity. It is important for Crane NXT Co to continue monitoring its current ratio to ensure it remains at a healthy level to meet its short-term obligations.
Peer comparison
Dec 31, 2023