Flowserve Corporation (FLS)
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 | 2,904,500 | 2,869,790 | 2,815,820 | 2,766,580 | 2,703,780 | 2,638,520 | 2,579,380 | 2,542,240 | 2,450,970 | 2,223,780 | 2,280,930 | 2,376,860 | 2,388,680 | 3,223,220 | 2,440,690 | 2,448,960 | 2,904,330 | 2,806,140 | 2,430,560 | 2,425,510 |
| Total current liabilities | US$ in thousands | 1,468,080 | 1,440,370 | 1,406,340 | 1,474,180 | 1,438,580 | 1,306,820 | 1,292,090 | 1,321,720 | 1,243,150 | 1,091,690 | 1,091,720 | 1,147,610 | 1,131,800 | 1,908,880 | 1,069,720 | 1,083,730 | 1,141,630 | 1,093,580 | 1,088,740 | 1,106,030 |
| Current ratio | 1.98 | 1.99 | 2.00 | 1.88 | 1.88 | 2.02 | 2.00 | 1.92 | 1.97 | 2.04 | 2.09 | 2.07 | 2.11 | 1.69 | 2.28 | 2.26 | 2.54 | 2.57 | 2.23 | 2.19 |
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 shown some fluctuations over the past few years. It started at a healthy level of 2.19 as of March 31, 2020, and generally increased to a peak of 2.57 on September 30, 2020. However, there was a notable decline in the current ratio to 1.69 on September 30, 2021, which could indicate potential liquidity challenges.
Subsequently, the current ratio improved to around 2.00 during 2022 and 2023. However, by the end of December 31, 2023, the current ratio decreased to 1.88, suggesting a potential strain on short-term liquidity. The ratio remained relatively stable around 1.88 to 2.00 during the following quarters up to December 31, 2024.
Overall, the current ratio has displayed some volatility, with periods of both strength and weakness in liquidity position. It would be essential for Flowserve Corporation to monitor and manage its current assets and liabilities effectively to maintain a healthy current ratio and ensure sufficient liquidity to meet its short-term obligations.
Peer comparison
Dec 31, 2024