Hillenbrand Inc (HI)
Current ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,509,900 | 1,637,100 | 1,628,600 | 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 |
| Total current liabilities | US$ in thousands | 1,189,100 | 1,213,600 | 1,212,100 | 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 |
| Current ratio | 1.27 | 1.35 | 1.34 | 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 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,509,900K ÷ $1,189,100K
= 1.27
The current ratio of Hillenbrand Inc has shown some fluctuations over the provided periods. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.
From December 2019 to March 2020, the current ratio decreased from 1.69 to 1.43 before it increased steadily to reach 1.61 by September 2020. Subsequently, there was a slight decrease in the current ratio to 1.55 by December 2020.
Throughout 2021, the current ratio remained relatively stable around or above 1.39 and saw a peak of 1.43 by March 2021. By the end of 2021, the ratio was at 1.38.
In 2022, the current ratio improved reaching its highest point of 1.41 by March 2022. However, it declined to 1.30 by September 2022. The ratio then rose again to 1.39 by the end of the year.
In 2023, the current ratio was volatile, dropping to 1.26 by March before recovering to 1.34 by June and September. Towards the end of the year, the ratio was at 1.28.
By the first quarter of 2024, the current ratio increased to 1.34 before declining slightly to 1.35 in the second quarter. As of September 2024, the current ratio stands at 1.27, indicating a decrease in the company's ability to cover its short-term obligations with current assets compared to the previous quarters.
Overall, while the current ratio of Hillenbrand Inc has shown some fluctuations, it is important to assess other liquidity and solvency ratios in conjunction with the current ratio to get a comprehensive view of the company's financial health.
Peer comparison
Sep 30, 2024