FMC Corporation (FMC)
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 | 5,129,100 | 5,322,300 | 6,266,800 | 6,021,800 | 5,438,600 | 5,110,600 | 5,517,400 | 5,298,400 | 5,053,800 | 4,728,200 | 5,197,300 | 4,667,100 | 4,375,600 | 4,015,200 | 4,288,200 | 4,472,000 | 4,074,800 | 4,077,600 | 4,097,000 | 4,204,100 |
| Total current liabilities | US$ in thousands | 3,384,600 | 3,446,500 | 4,352,700 | 4,668,300 | 3,799,600 | 3,632,200 | 3,985,700 | 3,829,300 | 3,520,300 | 3,427,600 | 3,841,500 | 3,380,100 | 2,829,000 | 2,368,300 | 2,682,900 | 2,456,500 | 2,723,900 | 2,521,500 | 3,230,100 | 3,337,600 |
| Current ratio | 1.52 | 1.54 | 1.44 | 1.29 | 1.43 | 1.41 | 1.38 | 1.38 | 1.44 | 1.38 | 1.35 | 1.38 | 1.55 | 1.70 | 1.60 | 1.82 | 1.50 | 1.62 | 1.27 | 1.26 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,129,100K ÷ $3,384,600K
= 1.52
The current ratio of FMC Corp. has been fluctuating over the past eight quarters, ranging from a low of 1.29 in Q1 2023 to a high of 1.54 in Q3 2023. The ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that FMC Corp. has more current assets than current liabilities, which is generally considered favorable in terms of liquidity.
Overall, the current ratio has shown a positive trend, with an average of 1.43 over the past eight quarters. This indicates that FMC Corp. has maintained a healthy level of liquidity, although the fluctuation in the ratio suggests some variability in managing current assets and liabilities. It is important for FMC Corp. to continue monitoring and managing its current assets and liabilities effectively to ensure sustainable liquidity for the company's operations.
Peer comparison
Dec 31, 2023