Installed Building Products Inc (IBP)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,054,900 | 1,070,000 | 884,411 | 859,316 | 623,943 |
| Total current liabilities | US$ in thousands | 359,000 | 346,400 | 328,061 | 307,569 | 236,475 |
| Current ratio | 2.94 | 3.09 | 2.70 | 2.79 | 2.64 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,054,900K ÷ $359,000K
= 2.94
The current ratio for Installed Building Products Inc has shown a generally positive trend over the past five years. Starting at 2.64 in December 31, 2020, the ratio improved to 2.79 by December 31, 2021, indicating the company's ability to cover its short-term obligations with its current assets increased.
Although there was a slight decrease to 2.70 by December 31, 2022, the ratio rebounded to 3.09 by December 31, 2023, reaching its peak during this period. This significant increase suggests that Installed Building Products Inc had a higher level of liquidity and stronger capability to meet its short-term liabilities comfortably.
Despite a slight drop to 2.94 by December 31, 2024, the ratio remains at a relatively healthy level, indicating that the company still maintains a good level of current assets to cover its current liabilities. Overall, the consistent performance of the current ratio reflects Installed Building Products Inc's effective management of its current assets and liabilities over the analyzed period.
Peer comparison
Dec 31, 2024