Dorman Products Inc (DORM)

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 1,369,760 1,316,080 1,233,040 1,162,820 1,233,710 1,195,360 1,188,780 1,189,740 1,269,120 1,177,020 1,131,060 1,088,200 1,076,580 1,013,140 974,609 966,637 922,931 870,875 886,700 854,260
Total current liabilities US$ in thousands 563,802 561,323 514,119 465,620 547,151 533,048 570,371 606,923 678,295 673,878 660,335 652,618 665,048 622,760 332,528 335,417 322,645 540,480 325,641 314,537
Current ratio 2.43 2.34 2.40 2.50 2.25 2.24 2.08 1.96 1.87 1.75 1.71 1.67 1.62 1.63 2.93 2.88 2.86 1.61 2.72 2.72

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 has shown fluctuating trends over the past few years, ranging from a low of 1.61 in September 2020 to a high of 2.93 in June 2021. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities.

Dorman's current ratio has generally remained above 2, indicating a healthy liquidity position. However, in more recent periods, the ratio has shown a slight decline, dropping to 1.67 in March 2022 and gradually falling to 2.43 by December 2024. While the company still maintains a current ratio above 2, the decreasing trend suggests a potential need to monitor the management of current assets and liabilities to ensure continued liquidity and financial stability.