IDEX Corporation (IEX)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,446,300 | 1,399,300 | 1,678,000 | 1,657,200 | 1,261,440 |
| Total current liabilities | US$ in thousands | 500,300 | 543,600 | 480,000 | 399,000 | 357,877 |
| Current ratio | 2.89 | 2.57 | 3.50 | 4.15 | 3.52 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,446,300K ÷ $500,300K
= 2.89
The current ratio of Idex Corporation has exhibited fluctuations over the past five years, ranging from a low of 2.57 in 2022 to a high of 4.15 in 2020. A higher current ratio indicates a stronger ability to cover short-term obligations with current assets. In 2023, the current ratio improved to 2.89 from the previous year, indicating an increase in the company's liquidity and its ability to meet short-term liabilities. Despite the fluctuation in recent years, the current ratio generally remains at healthy levels, suggesting that Idex Corporation has maintained a solid liquidity position and is able to effectively manage its short-term financial obligations.
Peer comparison
Dec 31, 2023