Gentex Corporation (GNTX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,037,330 | 997,738 | 948,652 | 872,976 | 979,331 |
| Total current liabilities | US$ in thousands | 252,693 | 271,609 | 250,553 | 181,656 | 177,737 |
| Current ratio | 4.11 | 3.67 | 3.79 | 4.81 | 5.51 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,037,330K ÷ $252,693K
= 4.11
The current ratio of Gentex Corporation has shown a downward trend over the past five years, decreasing from 5.51 in December 31, 2020 to 4.11 in December 31, 2024. Despite this decline, the company's current ratio remains above 1, indicating that it has more than enough current assets to cover its current liabilities. However, the decreasing trend may suggest a potential risk in the company's ability to meet its short-term obligations in the future. Management should closely monitor this ratio and take necessary steps to ensure liquidity and financial stability.
Peer comparison
Dec 31, 2024