Crane NXT Co (CXT)
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 | 642,500 | 630,600 | 631,900 | 629,100 | 644,400 | 625,200 | 701,200 | 1,695,800 | 1,751,900 | 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 |
| Total current liabilities | US$ in thousands | 562,400 | 456,400 | 526,900 | 296,900 | 334,400 | 312,600 | 316,900 | 974,500 | 1,488,200 | 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 |
| Current ratio | 1.14 | 1.38 | 1.20 | 2.12 | 1.93 | 2.00 | 2.21 | 1.74 | 1.18 | 1.38 | 2.04 | 2.07 | 1.96 | 2.30 | 2.20 | 1.59 | 1.49 | 1.42 | 1.33 | 1.37 |
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 shown some fluctuations over the years. Initially, the ratio increased steadily from 1.37 in March 2020 to a peak of 2.30 in September 2021, indicating an improvement in the company's short-term liquidity position. However, the ratio declined thereafter, reaching 1.18 by December 2022 before recovering to 2.21 in June 2023. This fluctuation suggests varying levels of liquidity management by the company.
In the most recent periods, the current ratio has ranged between 1.14 and 2.21, with some volatility. While a ratio above 1 indicates that the company has more current assets than current liabilities, the fluctuations may signal changes in the company's operations, such as inventory management, accounts receivable collection, or debt repayment.
Overall, the current ratio trend of Crane NXT Co reflects both strengths and potential areas for improvement in managing short-term obligations in relation to current assets. Monitoring this ratio continuously will be important for assessing the company's ability to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024