Fortune Brands Innovations Inc. (FBIN)
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 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,045,700 | 2,149,700 | 2,443,600 | 2,301,200 | 2,460,400 | 3,007,600 | 3,063,800 | 2,956,700 | 2,744,500 | 2,726,000 | 2,548,900 | 2,345,900 | 2,208,500 | 2,138,000 | 1,957,300 | 1,914,000 | 1,898,200 | 1,906,700 | 1,916,900 | 1,848,000 |
| Total current liabilities | US$ in thousands | 1,200,400 | 1,192,100 | 1,640,700 | 1,413,200 | 1,544,700 | 2,047,900 | 1,441,500 | 1,354,800 | 1,971,100 | 1,528,800 | 1,364,700 | 1,197,000 | 1,345,100 | 1,135,000 | 952,800 | 1,246,100 | 1,409,300 | 1,376,600 | 1,695,200 | 1,238,800 |
| Current ratio | 1.70 | 1.80 | 1.49 | 1.63 | 1.59 | 1.47 | 2.13 | 2.18 | 1.39 | 1.78 | 1.87 | 1.96 | 1.64 | 1.88 | 2.05 | 1.54 | 1.35 | 1.39 | 1.13 | 1.49 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,045,700K ÷ $1,200,400K
= 1.70
The current ratio of Fortune Brands Innovations Inc. has exhibited variability over the past several quarters. The ratio was consistently above 1.5 during the year 2020, indicating that the company had more than enough current assets to cover its current liabilities. However, the current ratio experienced fluctuations in 2021 and 2022, with values ranging from 1.13 to 2.18.
Notably, the current ratio was at its highest in the second quarters of 2022 and 2020, reaching 2.18 and 2.05 respectively, suggesting a strong ability to meet short-term obligations. Conversely, the lowest current ratio was observed in the first quarter of 2019 at 1.13, which may have indicated potential liquidity constraints.
Overall, the trend in the current ratio of Fortune Brands Innovations Inc. shows some volatility, which could be reflective of varying levels of liquidity and working capital management over the periods analyzed. Further analysis and contextual information would be needed to assess the implications of these fluctuations on the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023