Hillenbrand Inc (HI)
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 | 1,577,500 | 1,607,600 | 1,583,300 | 1,657,300 | 1,753,300 | 1,402,900 | 1,404,200 | 1,510,000 | 1,421,000 | 1,434,500 | 1,441,400 | 1,317,800 | 1,355,300 | 1,369,700 | 1,244,500 | 1,364,100 | 1,222,100 | 1,023,200 | 658,200 | 650,400 |
| Total current liabilities | US$ in thousands | 1,230,800 | 1,291,000 | 1,179,300 | 1,313,800 | 1,263,900 | 1,077,800 | 1,054,700 | 1,074,300 | 1,029,400 | 1,035,100 | 1,023,000 | 920,500 | 875,500 | 852,100 | 769,000 | 805,200 | 879,800 | 589,300 | 526,300 | 505,800 |
| Current ratio | 1.28 | 1.25 | 1.34 | 1.26 | 1.39 | 1.30 | 1.33 | 1.41 | 1.38 | 1.39 | 1.41 | 1.43 | 1.55 | 1.61 | 1.62 | 1.69 | 1.39 | 1.74 | 1.25 | 1.29 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,577,500K ÷ $1,230,800K
= 1.28
The current ratio of Hillenbrand Inc has shown some fluctuation over the past eight quarters. The ratio has ranged from a low of 1.25 in Q4 2023 to a high of 1.41 in Q2 2022. Overall, the current ratio has generally remained above 1, indicating that the company's current assets have consistently been sufficient to cover its current liabilities.
While the current ratio dipped to 1.25 in Q4 2023, it rebounded to 1.28 in Q1 2024. This suggests that the company may have managed its current assets and liabilities effectively to improve its liquidity position. A higher current ratio, such as seen in Q2 2022 at 1.41, indicates that Hillenbrand Inc had a stronger liquidity position during that period.
Analyzing the trend over the past eight quarters, the current ratio seems to have stabilized around the 1.30-1.35 range, with occasional fluctuations. It is important to continue monitoring this ratio to ensure that the company maintains a healthy balance between its current assets and liabilities to meet short-term obligations.
Peer comparison
Dec 31, 2023