Federal Signal Corporation (FSS)

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	642,500	649,200	611,800	595,300	570,200	603,700	606,000	566,300	531,400	510,800	479,900	464,200	431,000	464,000	428,200	404,900	405,500	417,700	406,800	422,900
Total current liabilities	US$ in thousands	241,800	229,400	211,700	211,000	195,800	202,600	198,400	203,100	180,500	181,400	179,700	181,500	170,400	157,500	170,900	166,700	148,400	158,600	160,700	167,100
Current ratio		2.66	2.83	2.89	2.82	2.91	2.98	3.05	2.79	2.94	2.82	2.67	2.56	2.53	2.95	2.51	2.43	2.73	2.63	2.53	2.53

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $642,500K ÷ $241,800K
= 2.66

The current ratio of Federal Signal Corporation has exhibited fluctuations over the reported periods. Starting at 2.53 in March 2020 and June 2020, the ratio slightly increased to 2.63 by September 2020, and further improved to 2.73 by December 2020. However, there was a decrease to 2.43 by March 2021 before a gradual recovery back to 2.67 by June 2022. The ratio peaked at 3.05 by June 30, 2023, indicating strong short-term liquidity. It slightly dropped to 2.83 by September 2024 and further declined to 2.66 by December 2024. Overall, the company has maintained a current ratio above 2 for most periods, suggesting a healthy ability to cover its short-term liabilities with current assets. However, the downward trend in the latter periods should be monitored to ensure continued liquidity strength.