Haynes International Inc (HAYN)
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 | 533,255 | 539,166 | 519,055 | 519,879 | 498,529 | 464,422 | 437,695 | 386,827 | 349,057 | 361,606 | 362,589 | 350,464 | 346,123 | 351,535 | 390,523 | 403,530 | 385,797 | 371,873 | 374,976 | 369,974 |
| Total current liabilities | US$ in thousands | 70,008 | 76,789 | 79,695 | 75,861 | 88,919 | 80,879 | 138,613 | 95,884 | 64,024 | 74,213 | 56,543 | 46,450 | 38,377 | 38,215 | 74,725 | 82,940 | 65,043 | 60,080 | 67,472 | 66,380 |
| Current ratio | 7.62 | 7.02 | 6.51 | 6.85 | 5.61 | 5.74 | 3.16 | 4.03 | 5.45 | 4.87 | 6.41 | 7.54 | 9.02 | 9.20 | 5.23 | 4.87 | 5.93 | 6.19 | 5.56 | 5.57 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $533,255K ÷ $70,008K
= 7.62
The current ratio of Haynes International Inc. has shown a fluctuating trend over the past few quarters. In Q1 2024, the current ratio stood at 7.62, indicating a relatively strong liquidity position with current assets more than sufficient to cover current liabilities. This was an improvement compared to the previous quarter (Q4 2023) when the current ratio was slightly lower at 7.02.
Looking further back, the current ratio has been gradually increasing since Q1 2023 (5.61), which suggests an improvement in the company's ability to meet its short-term obligations. However, there was a significant spike in Q3 2022 (3.16) followed by a notable increase in Q4 2022 (5.74), indicating some fluctuations in the company's liquidity position within the past year.
Overall, while the current ratio has shown variability, the general trend indicates a strengthening liquidity position for Haynes International Inc., with current assets becoming more adequate to cover short-term liabilities. It is essential for the company to monitor and maintain this trend to ensure continued financial stability.
Peer comparison
Dec 31, 2023