Hubbell Inc (HUBB)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	2,167,200	2,021,400	1,879,300	1,587,600	1,574,200
Total current liabilities	US$ in thousands	1,323,400	1,088,500	1,065,200	948,200	844,900
Current ratio		1.64	1.86	1.76	1.67	1.86

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,167,200K ÷ $1,323,400K
= 1.64

The current ratio of Hubbell Inc. has displayed some fluctuations over the past five years. In 2023, the current ratio stands at 1.64, showing a decrease compared to the previous two years. This suggests that the company may have a lower ability to cover its short-term liabilities with its current assets in the most recent year. However, it is important to note that a current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign of financial health. It is also worth mentioning that the company's current ratio has varied within a relatively narrow range between 1.64 and 1.86 over the past five years, indicating a consistent level of liquidity overall. Further analysis and consideration of other financial metrics would provide a more comprehensive evaluation of Hubbell Inc.'s financial performance and liquidity position.