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.