Franklin Electric Co Inc (FELE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 964,191,000 | 853,795 | 858,090 | 724,647 | 619,254 |
| Total current liabilities | US$ in thousands | 433,727,000 | 287,039 | 405,769 | 396,014 | 203,704 |
| Current ratio | 2.22 | 2.97 | 2.11 | 1.83 | 3.04 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $964,191,000K ÷ $433,727,000K
= 2.22
The current ratio of Franklin Electric Co Inc has shown fluctuations over the past five years. As of December 31, 2020, the company had a robust current ratio of 3.04, indicating a healthy liquidity position and suggesting the ability to meet its short-term obligations comfortably. However, there was a notable decrease in the current ratio to 1.83 as of December 31, 2021, which may raise concerns about potential liquidity challenges.
Subsequently, there was an improvement in the current ratio to 2.11 as of December 31, 2022, followed by a significant increase to 2.97 as of December 31, 2023, indicating a strengthening liquidity position and better ability to cover short-term liabilities. However, the current ratio decreased to 2.22 as of December 31, 2024.
Overall, the current ratio of Franklin Electric Co Inc has exhibited some volatility but generally remained above 1, suggesting the company has predominantly been able to meet its short-term obligations with its current assets. It is important to monitor these trends closely to ensure that the company continues to maintain a healthy liquidity position in the future.
Peer comparison
Dec 31, 2024