Chart Industries Inc (GTLS)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,214,400 | 3,690,900 | 853,500 | 703,000 | 673,600 |
| Total current liabilities | US$ in thousands | 1,866,200 | 1,081,600 | 693,900 | 634,800 | 378,300 |
| Current ratio | 1.19 | 3.41 | 1.23 | 1.11 | 1.78 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,214,400K ÷ $1,866,200K
= 1.19
The current ratio of Chart Industries Inc has fluctuated over the past five years. As of December 31, 2023, the current ratio stands at 1.19, which indicates that the company may have difficulty meeting its short-term obligations with its current assets alone. This current ratio is significantly lower compared to the previous year's ratio of 3.41, suggesting a notable decline in the company's liquidity position.
The current ratio of 1.19 is also lower than the ratios reported in 2021 and 2019, indicating a weaker liquidity position compared to those years. However, it is slightly higher than the ratio reported in 2020, showing some improvement in liquidity from that period of time. Overall, the current ratio for 2023 suggests that Chart Industries Inc may need to closely monitor its liquidity management to ensure it can meet its short-term obligations effectively.