Dover Corporation (DOV)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,484,500 | 3,390,240 | 3,423,460 | 3,061,710 | 2,619,190 |
| Total current liabilities | US$ in thousands | 2,196,530 | 2,413,770 | 2,773,270 | 2,250,340 | 1,738,800 |
| Current ratio | 2.04 | 1.40 | 1.23 | 1.36 | 1.51 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,484,500K ÷ $2,196,530K
= 2.04
The current ratio of Dover Corporation has shown a declining trend from 1.51 in December 2020 to 1.36 in December 2021, further decreasing to 1.23 in December 2022. However, there was a slight improvement in December 2023 with a current ratio of 1.40, and a notable increase to 2.04 in December 2024. Overall, the current ratio fluctuated over the years, indicating variations in the company's ability to cover its short-term liabilities with its current assets. The significant increase in the current ratio in December 2024 suggests an improvement in the company's liquidity position compared to the previous years.
Peer comparison
Dec 31, 2024