ESAB Corp (ESAB)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,148,380 | 1,221,510 | 1,212,550 | 1,042,750 | 997,720 | 1,029,740 | 1,071,610 | 1,060,700 | 988,670 | 987,996 | 1,041,360 | 1,048,090 | 964,073 |
| Total current liabilities | US$ in thousands | 632,051 | 637,071 | 651,096 | 631,302 | 620,082 | 610,357 | 618,372 | 630,422 | 601,575 | 610,582 | 642,082 | 652,410 | 596,589 |
| Current ratio | 1.82 | 1.92 | 1.86 | 1.65 | 1.61 | 1.69 | 1.73 | 1.68 | 1.64 | 1.62 | 1.62 | 1.61 | 1.62 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,148,380K ÷ $632,051K
= 1.82
ESAB Corp's current ratio has shown a fluctuating trend over the analyzed period, ranging from 1.61 to 1.92. The current ratio provides insight into the company's ability to cover its short-term liabilities with its current assets. A current ratio of 1.86 or 1.92, as seen in June and September 2024, respectively, indicates a healthy liquidity position, suggesting that ESAB Corp has ample current assets to meet its short-term obligations. On the other hand, the current ratio dipped to 1.61 in March 2023, potentially signaling a slight strain on liquidity at that point in time. Overall, the current ratio of ESAB Corp has generally remained above 1, indicating that the company has a strong ability to meet its short-term financial obligations with its current assets. However, monitoring this ratio over time is crucial to assess changes in the company's liquidity position.
Peer comparison
Dec 31, 2024