Dorman Products Inc (DORM)
Current ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 1,369,760 | 1,233,710 | 1,269,120 | 1,076,580 | 922,931 |
Total current liabilities | US$ in thousands | 563,802 | 547,151 | 678,295 | 665,048 | 322,645 |
Current ratio | 2.43 | 2.25 | 1.87 | 1.62 | 2.86 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,369,760K ÷ $563,802K
= 2.43
The current ratio of Dorman Products Inc decreased from 2.86 in 2020 to 1.62 in 2021, indicating a decline in short-term solvency and liquidity. However, the ratio improved in the following years, reaching 1.87 in 2022, 2.25 in 2023, and 2.43 in 2024. This suggests that the company's ability to meet its short-term obligations using its current assets improved over the period, reflecting better liquidity and financial health.
Peer comparison
Dec 31, 2024
Company name
Symbol
Current ratio
Dorman Products Inc
DORM
2.43
Adient PLC
ADNT
1.11
American Axle & Manufacturing
AXL
1.63
Aptiv PLC
APTV
1.53
Autoliv Inc
ALV
0.96
BorgWarner Inc
BWA
1.79
Dana Inc
DAN
0.28
Gentex Corporation
GNTX
4.11
Gentherm Inc
THRM
2.01
Honeywell International Inc
HON
2.44
LCI Industries
LCII
2.82