Franklin Electric Co Inc (FELE)
Current ratio
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 964,191 | 942,483 | 918,696 | 901,363 | 853,795 | 899,498 | 966,390 | 968,045 | 858,090 | 887,719 | 913,183 | 833,585 | 724,647 | 728,130 | 691,266 | 635,250 | 619,254 | 602,539 | 549,341 | 543,055 |
| Total current liabilities | US$ in thousands | 433,727 | 393,165 | 346,090 | 316,248 | 287,039 | 327,920 | 432,677 | 486,861 | 405,769 | 461,808 | 539,527 | 491,588 | 396,014 | 401,473 | 387,005 | 200,354 | 203,704 | 187,866 | 173,896 | 191,387 |
| Current ratio | 2.22 | 2.40 | 2.65 | 2.85 | 2.97 | 2.74 | 2.23 | 1.99 | 2.11 | 1.92 | 1.69 | 1.70 | 1.83 | 1.81 | 1.79 | 3.17 | 3.04 | 3.21 | 3.16 | 2.84 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $964,191K ÷ $433,727K
= 2.22
The current ratio of Franklin Electric Co Inc has demonstrated significant fluctuations over the past few years, ranging from a low of 1.69 on June 30, 2022, to a high of 3.21 on September 30, 2020. Generally, a current ratio above 1 indicates that a company has more current assets than current liabilities, which suggests its ability to cover short-term obligations.
From September 30, 2020, to March 31, 2021, the current ratio experienced a steady increase, indicating an improvement in the company's short-term liquidity position. However, from June 30, 2021, there was a notable decline in the ratio, falling to 1.79, which could indicate potential liquidity challenges or increased short-term debt obligations.
Subsequently, the current ratio fluctuated within a range of 1.69 to 2.97 until December 31, 2024, showing some volatility in the company's liquidity position. Overall, while the current ratio of Franklin Electric Co Inc has shown variability, hovering around 2 in recent periods, investors and stakeholders should continue to monitor the trend to assess the company's ability to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024