Gentex Corporation (GNTX)

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	1,037,330	1,045,680	1,083,880	1,072,600	997,738	1,055,450	1,025,310	1,005,040	948,652	989,323	991,887	955,531	872,976	874,707	924,576	1,010,520	979,331	975,319	859,327	910,727
Total current liabilities	US$ in thousands	252,693	283,165	304,729	304,411	271,609	274,406	276,062	297,031	250,553	265,165	286,172	239,223	181,656	192,442	196,397	223,230	177,737	236,489	217,631	263,958
Current ratio		4.11	3.69	3.56	3.52	3.67	3.85	3.71	3.38	3.79	3.73	3.47	3.99	4.81	4.55	4.71	4.53	5.51	4.12	3.95	3.45

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 been consistently above 3.0 over the past few years, indicating a strong ability to meet its short-term obligations with its current assets. The ratio improved steadily from March 31, 2020, to December 31, 2021, reaching a peak of 5.51, showing a healthy liquidity position during this period.

However, there was a slight decline in the current ratio in the following periods, but it remained above 3.0, suggesting that Gentex Corporation still has a sufficient level of current assets relative to its current liabilities. The ratio fluctuated between 3.38 to 4.11 from March 31, 2023, to December 31, 2024, indicating some variability in the company's short-term liquidity position but remaining within acceptable levels.

Overall, the trend in Gentex Corporation's current ratio demonstrates a generally sound liquidity position, which could provide a buffer against unexpected financial challenges and enable the company to fulfill its short-term obligations effectively.