Chart Industries Inc (GTLS)
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 | 2,465,400 | 2,548,300 | 2,444,700 | 2,371,300 | 2,214,400 | 2,179,000 | 2,248,200 | 2,232,300 | 3,690,900 | 929,500 | 1,012,400 | 910,800 | 853,500 | 859,500 | 875,300 | 713,800 | 703,000 | 659,100 | 684,300 | 651,100 |
| Total current liabilities | US$ in thousands | 1,789,800 | 2,002,400 | 1,926,200 | 1,893,700 | 1,866,200 | 1,802,800 | 1,845,500 | 1,781,200 | 1,081,600 | 754,900 | 775,200 | 721,600 | 693,900 | 719,500 | 675,800 | 660,300 | 634,800 | 352,900 | 359,600 | 358,100 |
| Current ratio | 1.38 | 1.27 | 1.27 | 1.25 | 1.19 | 1.21 | 1.22 | 1.25 | 3.41 | 1.23 | 1.31 | 1.26 | 1.23 | 1.19 | 1.30 | 1.08 | 1.11 | 1.87 | 1.90 | 1.82 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,465,400K ÷ $1,789,800K
= 1.38
Chart Industries Inc's current ratio has shown some fluctuations over the past few years, ranging from a low of 1.08 in March 2021 to a high of 3.41 in December 2022. The current ratio measures the company's ability to meet its short-term obligations with its current assets, with a ratio above 1 indicating that the company has more current assets than current liabilities.
In general, a current ratio above 1 is considered healthy, as it suggests that the company has sufficient current assets to cover its current liabilities. However, a very high current ratio may also indicate that the company is not efficiently utilizing its current assets.
Chart Industries Inc's current ratio has generally been above 1, indicating its ability to meet short-term obligations. However, the significant increase to 3.41 in December 2022 could be a sign of either a temporary increase in current assets or a decrease in current liabilities. It is important for investors and analysts to further investigate the reasons behind these fluctuations to assess the company's overall liquidity position.