Hubbell Inc (HUBB)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	2,089,300	2,167,200	2,021,400	1,879,300	1,587,600
Total current liabilities	US$ in thousands	1,274,200	1,323,400	1,088,500	1,065,200	948,200
Current ratio		1.64	1.64	1.86	1.76	1.67

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,089,300K ÷ $1,274,200K
= 1.64

Hubbell Inc's current ratio has shown a generally positive trend over the past five years. The ratio has increased steadily from 1.67 as of December 31, 2020, to 1.76 as of December 31, 2021, and further to 1.86 as of December 31, 2022. This indicates that the company's current assets have been increasing relative to its current liabilities, reflecting improved short-term liquidity and ability to cover its short-term obligations.

However, there was a slight decrease in the current ratio to 1.64 as of December 31, 2023, and the same level was maintained as of December 31, 2024. While the current ratio still remains above 1, suggesting that the company has more than enough current assets to cover its current liabilities, the slight decline may indicate a potential decrease in liquidity or an increase in short-term obligations during those years.

Overall, Hubbell Inc's current ratio has remained at a healthy level throughout the period, signifying a strong ability to meet its short-term financial obligations. It would be important for the company to continue monitoring and managing its current assets and liabilities to ensure sustainable liquidity in the future.