Flowserve Corporation (FLS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,904,500 | 2,703,780 | 2,450,970 | 2,388,680 | 2,904,330 |
| Total current liabilities | US$ in thousands | 1,468,080 | 1,438,580 | 1,243,150 | 1,131,800 | 1,141,630 |
| Current ratio | 1.98 | 1.88 | 1.97 | 2.11 | 2.54 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,904,500K ÷ $1,468,080K
= 1.98
Flowserve Corporation's current ratio has seen a gradual decline from 2.54 in 2020 to 1.98 in 2024. A current ratio above 1 indicates that the company has more current assets than current liabilities to meet its short-term obligations. Although the current ratio has decreased over the years, it is still above 1, suggesting that Flowserve Corporation has sufficient current assets to cover its current liabilities. However, the decreasing trend may indicate a need for the company to manage its working capital more efficiently to ensure liquidity in the short term.
Peer comparison
Dec 31, 2024