Chart Industries Inc (GTLS)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,214,400 | 2,255,800 | 2,555,600 | 2,163,300 | 3,690,900 | 929,500 | 1,012,400 | 910,800 | 853,500 | 859,500 | 875,300 | 713,800 | 703,000 | 728,500 | 684,300 | 651,100 | 673,600 | 683,900 | 710,700 | 645,200 |
| Total current liabilities | US$ in thousands | 1,866,200 | 1,802,800 | 1,845,500 | 1,732,600 | 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 | 378,300 | 374,400 | 354,900 | 579,200 |
| Current ratio | 1.19 | 1.25 | 1.38 | 1.25 | 3.41 | 1.23 | 1.31 | 1.26 | 1.23 | 1.19 | 1.30 | 1.08 | 1.11 | 2.06 | 1.90 | 1.82 | 1.78 | 1.83 | 2.00 | 1.11 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,214,400K ÷ $1,866,200K
= 1.19
Chart Industries Inc's current ratio has fluctuated over the past eight quarters, ranging from a low of 1.19 in Q4 2023 to a high of 3.41 in Q4 2022. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign of liquidity.
The current ratio has been above 1 in all quarters, suggesting that the company has been able to meet its short-term obligations. However, the ratio has shown some volatility, indicating potential variability in the company's liquidity position.
The significant drop in the current ratio from 3.41 in Q4 2022 to 1.19 in Q4 2023 is noteworthy and may warrant further investigation into the company's current asset and liability composition. Overall, while the company's current ratio indicates an ability to cover short-term obligations, the fluctuations over time suggest potential changes in the company's liquidity position that should be monitored.