HNI Corp (HNI)
Current ratio
| Dec 31, 2024 | Sep 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 | 524,500 | 561,700 | 527,200 | 535,900 | 572,400 | 597,700 | 447,100 | 469,200 | 540,000 | 624,700 | 532,920 | 523,500 | 595,462 | 563,198 | 485,572 | 495,735 | 500,435 | 430,994 | 481,387 | 528,834 |
| Total current liabilities | US$ in thousands | 477,500 | 514,300 | 407,700 | 463,700 | 502,300 | 489,400 | 352,600 | 395,100 | 460,400 | 492,100 | 462,861 | 506,400 | 494,144 | 450,899 | 394,657 | 439,028 | 417,240 | 361,592 | 365,615 | 478,705 |
| Current ratio | 1.10 | 1.09 | 1.29 | 1.16 | 1.14 | 1.22 | 1.27 | 1.19 | 1.17 | 1.27 | 1.15 | 1.03 | 1.21 | 1.25 | 1.23 | 1.13 | 1.20 | 1.19 | 1.32 | 1.10 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $524,500K ÷ $477,500K
= 1.10
The current ratio of HNI Corp has shown some fluctuation over the reporting periods. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
From December 31, 2019, to December 31, 2021, there was a general fluctuation in the current ratio, ranging from a low of 1.03 to a high of 1.32. This indicates some variability in the company's liquidity position during these periods.
From March 31, 2022, to December 31, 2024, the current ratio has been more stable, with values ranging from 1.09 to 1.29. This may suggest a slightly improved ability to cover short-term obligations with current assets compared to the previous years.
Overall, the current ratio of HNI Corp has generally remained above 1, indicating that the company has typically had sufficient current assets to cover its current liabilities. However, it is important to continue monitoring the trend of the current ratio to ensure the company maintains a healthy liquidity position.