Graco Inc (GGG)

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 1,497,440 1,612,500 1,524,230 1,444,230 1,365,810 1,377,330 1,410,450 1,288,460 1,205,620 1,285,900 1,276,480 1,197,220 1,363,620 1,333,070 1,203,950 1,127,390 1,023,800 1,061,190 1,038,290 1,048,770
Total current liabilities US$ in thousands 405,808 360,373 362,335 351,687 395,200 395,888 489,338 381,698 399,917 430,768 424,058 402,313 506,792 427,214 358,724 323,520 321,389 326,453 310,380 311,763
Current ratio 3.69 4.47 4.21 4.11 3.46 3.48 2.88 3.38 3.01 2.99 3.01 2.98 2.69 3.12 3.36 3.48 3.19 3.25 3.35 3.36

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,497,440K ÷ $405,808K
= 3.69

Graco Inc's current ratio has fluctuated over the periods provided in the data. It remained relatively stable around 3.00 in the first half of 2020 but started declining in the second half of the year. By December 2021, the current ratio decreased to 2.69, indicating a potential liquidity concern.

However, the current ratio improved in the following periods, reaching 4.11 by March 2024, suggesting a strong liquidity position. This improvement could be due to better management of current assets and liabilities, enabling the company to meet its short-term obligations more comfortably.

Overall, Graco Inc's current ratio shows variability but has generally trended upwards recently, which could signal enhanced financial health and liquidity management.