Installed Building Products Inc (IBP)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,054,900 | 1,124,800 | 1,087,400 | 1,079,200 | 1,070,000 | 999,819 | 918,102 | 862,595 | 884,411 | 898,021 | 816,718 | 842,228 | 859,316 | 672,921 | 636,005 | 610,165 | 623,943 | 635,456 | 619,948 | 569,736 |
| Total current liabilities | US$ in thousands | 359,000 | 376,700 | 352,600 | 339,700 | 346,400 | 324,676 | 314,534 | 316,338 | 328,061 | 358,562 | 362,890 | 327,528 | 307,569 | 284,791 | 264,015 | 245,302 | 236,475 | 222,241 | 214,049 | 201,565 |
| Current ratio | 2.94 | 2.99 | 3.08 | 3.18 | 3.09 | 3.08 | 2.92 | 2.73 | 2.70 | 2.50 | 2.25 | 2.57 | 2.79 | 2.36 | 2.41 | 2.49 | 2.64 | 2.86 | 2.90 | 2.83 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,054,900K ÷ $359,000K
= 2.94
The current ratio of Installed Building Products Inc has shown a generally positive trend over the past few years, indicating the company's ability to meet its short-term obligations. The current ratio, which measures the company's ability to cover its current liabilities with its current assets, has ranged from 2.25 to 3.18 during the reporting period.
The current ratio increased steadily from March 2020 to March 2023, reaching a peak of 3.18, which was the highest level observed. This indicates that the company had a healthy buffer of current assets to cover its short-term liabilities during this period.
However, from June 2023 to December 2024, the current ratio exhibited some fluctuations, ranging from 2.92 to 2.94. While the ratio remained above 2, reflecting a strong liquidity position, the slight decline in the ratio during this period may indicate a potential decrease in the company's ability to cover its current obligations with current assets.
Overall, the current ratio of Installed Building Products Inc has shown stability and remained above 2 throughout the period, suggesting that the company has a strong ability to meet its short-term financial commitments.
Peer comparison
Dec 31, 2024