ESAB Corp (ESAB)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 997,720 | 1,029,740 | 1,071,610 | 1,060,700 | 988,670 | 987,996 | 1,041,360 | 1,048,090 |
| Total current liabilities | US$ in thousands | 620,082 | 610,357 | 618,372 | 630,422 | 601,575 | 610,582 | 642,082 | 652,410 |
| Current ratio | 1.61 | 1.69 | 1.73 | 1.68 | 1.64 | 1.62 | 1.62 | 1.61 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $997,720K ÷ $620,082K
= 1.61
ESAB Corp's current ratio has displayed relatively stable fluctuations over the past five quarters. The latest data in Q4 2023 indicates a current ratio of 1.61, which is a slight decrease from the preceding quarter's 1.69. Despite this decline, the current ratio remains above 1, suggesting that ESAB Corp has sufficient current assets to cover its current liabilities. Furthermore, the current ratio has consistently been around 1.6 to 1.7, indicating the company's ability to meet its short-term obligations with ease. Overall, ESAB Corp's current ratio reflects a healthy liquidity position and a sound ability to manage its short-term financial obligations.
Peer comparison
Dec 31, 2023