Element Solutions Inc (ESI)
Current ratio
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,360,500 | 1,270,000 | 1,351,200 | 1,302,000 | 1,235,800 | 1,197,500 | 1,299,500 | 1,256,500 | 1,234,200 | 1,188,700 | 1,178,600 | 1,237,800 | 1,216,900 | 1,214,500 | 1,213,100 | 1,145,000 | 1,070,100 | 989,900 | 946,600 | 839,400 |
| Total current liabilities | US$ in thousands | 344,600 | 379,700 | 384,000 | 372,200 | 340,900 | 369,400 | 376,700 | 378,100 | 342,600 | 344,400 | 354,000 | 395,000 | 399,700 | 415,200 | 421,300 | 355,500 | 320,000 | 314,300 | 302,400 | 245,700 |
| Current ratio | 3.95 | 3.34 | 3.52 | 3.50 | 3.63 | 3.24 | 3.45 | 3.32 | 3.60 | 3.45 | 3.33 | 3.13 | 3.04 | 2.93 | 2.88 | 3.22 | 3.34 | 3.15 | 3.13 | 3.42 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,360,500K ÷ $344,600K
= 3.95
Element Solutions Inc's current ratio has historically maintained a healthy and consistently high level over the period analyzed, generally ranging between approximately 2.88 and 3.95. At the beginning of the period, on June 30, 2020, the ratio stood at 3.42, indicating a robust liquidity position, with current assets significantly exceeding current liabilities. Throughout the subsequent periods, the ratio experienced minor fluctuations, reflecting stability in the company’s ability to meet its short-term obligations.
Notably, there was a slight downward trend during 2021, where the ratio decreased from 3.34 in March 2021 to a low of 2.88 in September 2021, suggesting a marginal reduction in liquidity, possibly due to increased current liabilities or changes in current assets. However, this decline was relatively modest and was followed by a recovery, with the ratio rising back above 3.0 towards the end of 2021 and into 2022.
From late 2022 onward, the ratio demonstrated a general upward trend, reaching as high as 3.95 in March 2025. This indicates an improving liquidity position and a conservative approach to managing short-term assets relative to liabilities. The ratio remained well above the generally accepted threshold of 1.0, implying that the company consistently maintained a comfortable buffer to cover its current obligations without undue liquidity risk.
Overall, the data suggest that Element Solutions Inc has maintained a stable and strong liquidity profile throughout the period, with minor fluctuations that reflect routine operational changes. The increasing trend towards 2025 underscores an optimistic outlook and effective liquidity management.
Peer comparison
Mar 31, 2025