FMC Corporation (FMC)

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 4,958,300 5,315,500 5,210,200 5,198,000 5,129,100 5,322,300 6,266,800 6,021,800 5,438,600 5,110,600 5,517,400 5,298,400 4,937,600 4,728,200 5,197,300 4,667,100 4,375,600 4,015,200 4,288,200 4,472,000
Total current liabilities US$ in thousands 3,019,200 3,588,400 3,523,100 3,552,900 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
Current ratio 1.64 1.48 1.48 1.46 1.52 1.54 1.44 1.29 1.43 1.41 1.38 1.38 1.40 1.38 1.35 1.38 1.55 1.70 1.60 1.82

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $4,958,300K ÷ $3,019,200K
= 1.64

The current ratio of FMC Corporation has exhibited some fluctuations over the observed period, indicating changes in the company's short-term liquidity position. The ratio measures the company's ability to meet its short-term obligations with its current assets.

From March 31, 2020, to December 31, 2024, the current ratio ranged from a low of 1.29 to a high of 1.70. This suggests that the company generally had more current assets than current liabilities over the period, reflecting a relatively healthy short-term financial position.

The ratio experienced a downward trend initially, hitting its lowest point of 1.29 on March 31, 2023. Subsequently, there was an uptick in the ratio, reaching 1.64 by December 31, 2024. This upward movement indicates an improvement in FMC Corporation's ability to cover its short-term obligations with its current assets.

Overall, though the current ratio fluctuated, it remained above 1 throughout the period, signifying that FMC Corporation had sufficient current assets to meet its short-term liabilities. However, analysts may want to monitor the ratio closely to assess the company's ongoing liquidity position and ability to manage short-term financial obligations effectively.