Chart Industries Inc (GTLS)

Current ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total current assets US$ in thousands 2,465,400 2,214,400 3,690,900 853,500 703,000
Total current liabilities US$ in thousands 1,789,800 1,866,200 1,081,600 693,900 634,800
Current ratio 1.38 1.19 3.41 1.23 1.11

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,465,400K ÷ $1,789,800K
= 1.38

Based on the data provided, the current ratio of Chart Industries Inc has exhibited some fluctuations over the years. As of December 31, 2020, the current ratio was 1.11, indicating that the company may have had relatively fewer current assets to cover its current liabilities.

By December 31, 2021, the current ratio improved to 1.23, suggesting a slight enhancement in the company's short-term liquidity position compared to the previous year. However, by December 31, 2022, the current ratio experienced a significant increase to 3.41, indicating a substantial improvement in the company's ability to meet its short-term obligations with its current assets.

Subsequently, by December 31, 2023, the current ratio decreased to 1.19, which may indicate a slight decline in the company's short-term liquidity position. However, by December 31, 2024, the current ratio rose to 1.38, signifying a moderate improvement in the company's ability to cover its short-term liabilities with its current assets.

Overall, while there have been fluctuations in the current ratio of Chart Industries Inc over the years, the company appears to have made efforts to strengthen its short-term liquidity position, as evidenced by improvements in certain periods. Investors and analysts may continue to monitor these ratios to assess the company's ability to meet its current obligations effectively.