HNI Corp (HNI)
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 | 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 | 544,567 | 511,051 | 484,008 |
| Total current liabilities | US$ in thousands | 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 | 459,426 | 423,178 | 372,860 |
| Current ratio | 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 | 1.19 | 1.21 | 1.30 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $535,900K ÷ $463,700K
= 1.16
The current ratio for HNI Corp has shown some fluctuation over the past few quarters, with values ranging between 1.03 and 1.32. The current ratio measures a company's ability to meet its short-term obligations with its current assets.
In general, a current ratio above 1 indicates that a company has more current assets than current liabilities, which is considered favorable. HNI Corp's current ratios have mostly been above 1, indicating that the company has had sufficient current assets to cover its short-term obligations.
The current ratio reached its highest point of 1.32 in March 2020, which may indicate a strong liquidity position at that time. On the other hand, the lowest ratio of 1.03 in December 2021 suggests a tighter liquidity position, potentially raising concerns about the company's ability to meet its short-term obligations.
Overall, while the current ratios of HNI Corp have fluctuated over the periods, the company has generally maintained a current ratio above 1, indicating a relatively healthy liquidity position. Investors and analysts may want to further investigate the reasons behind the fluctuations to assess the company's short-term financial health and management of working capital.