Franklin Electric Co Inc (FELE)
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 | 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 | 567,444 | 617,567 | 649,126 | 605,702 |
| Total current liabilities | US$ in thousands | 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 | 185,764 | 257,245 | 301,356 | 284,084 |
| Current ratio | 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 | 3.05 | 2.40 | 2.15 | 2.13 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $853,795K ÷ $287,039K
= 2.97
The current ratio of Franklin Electric Co., Inc. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the current ratio increased to 2.97 compared to the previous quarter, indicating that the company's current assets were almost three times its current liabilities. This can be seen as a positive sign of the company's liquidity and ability to meet its short-term obligations.
Looking further back, there was a noticeable improvement in the current ratio from Q1 2023 to Q4 2023, suggesting that Franklin Electric Co., Inc. has been managing its current assets and liabilities more effectively. However, the current ratio had dipped in the earlier quarters of 2022 but has generally been on an upward trajectory since then.
Overall, the current ratio of Franklin Electric Co., Inc. has exhibited some volatility but has generally been above 2 in recent quarters, indicating a healthy liquidity position. It is important to monitor this ratio over time to assess the company's ability to cover its short-term obligations with its current assets.
Peer comparison
Dec 31, 2023