Hubbell Inc (HUBB)

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	2,167,200	2,318,400	2,205,800	2,098,700	2,021,400	1,994,500	2,034,200	1,927,100	1,879,300	1,833,200	1,745,100	1,827,500	1,587,600	1,640,400	1,793,600	1,675,000	1,574,200	1,809,900	1,729,000	1,650,600
Total current liabilities	US$ in thousands	1,323,400	1,071,400	1,069,800	1,052,100	1,088,500	1,062,500	1,002,900	962,100	1,065,200	1,035,400	999,400	1,148,700	948,200	792,700	880,700	841,300	844,900	866,200	874,100	847,900
Current ratio		1.64	2.16	2.06	1.99	1.86	1.88	2.03	2.00	1.76	1.77	1.75	1.59	1.67	2.07	2.04	1.99	1.86	2.09	1.98	1.95

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 fluctuated over the past eight quarters, ranging from a low of 1.64 to a high of 2.16. In the most recent quarter, Q4 2023, the current ratio stands at 1.64, indicating that the company's current assets are 1.64 times greater than its current liabilities.

The trend in the current ratio shows some variability, with peaks and troughs observed in different quarters. Despite the fluctuations, the current ratio has generally remained above 1, suggesting that Hubbell Inc. has had sufficient current assets to cover its short-term liabilities over the period under review.

In the latest quarter, Q4 2023, the current ratio decreased from the previous quarter, Q3 2023, indicating a potential weakening in the company's liquidity position. However, a ratio of 1.64 still implies that Hubbell Inc. can meet its short-term obligations, although not as comfortably as in the preceding quarter.

It would be advisable to monitor the current ratio closely in future quarters to assess any ongoing shifts in the company's liquidity and ability to manage its short-term financial commitments effectively.