Fortune Brands Innovations Inc. (FBIN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,007,400 | 2,045,700 | 2,460,400 | 2,744,500 | 2,208,500 |
| Total current liabilities | US$ in thousands | 1,602,300 | 1,200,400 | 1,544,700 | 1,971,100 | 1,345,100 |
| Current ratio | 1.25 | 1.70 | 1.59 | 1.39 | 1.64 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,007,400K ÷ $1,602,300K
= 1.25
The current ratio for Fortune Brands Innovations Inc. has exhibited some fluctuations over the past five years. The ratio was 1.64 as of December 31, 2020, indicating that the company had $1.64 in current assets to cover each $1 in current liabilities.
However, by December 31, 2021, the current ratio had decreased to 1.39, suggesting a slight weakening in the company's short-term liquidity position. The ratio improved to 1.59 by December 31, 2022, but then saw a more notable increase to 1.70 by December 31, 2023, indicating the company had strengthened its ability to meet short-term obligations.
Most recently, as of December 31, 2024, the current ratio declined to 1.25. This decrease could raise concerns about the company's ability to cover its immediate liabilities with its current assets. It is important for stakeholders to closely monitor this trend and evaluate the company's overall liquidity position in context with other financial metrics and industry benchmarks.
Peer comparison
Dec 31, 2024