IDEX Corporation (IEX)
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 | 1,592,700 | 1,677,800 | 1,629,500 | 1,554,500 | 1,446,300 | 1,518,200 | 1,487,900 | 1,524,500 | 1,399,300 | 1,635,000 | 1,551,300 | 1,681,300 | 1,678,000 | 1,583,360 | 1,493,690 | 1,651,140 | 1,657,230 | 1,520,750 | 1,397,250 | 1,289,070 |
| Total current liabilities | US$ in thousands | 629,700 | 564,600 | 477,400 | 460,600 | 500,300 | 487,500 | 486,600 | 491,900 | 543,600 | 506,500 | 513,800 | 468,300 | 480,000 | 469,108 | 450,359 | 377,513 | 399,058 | 409,699 | 401,307 | 366,890 |
| Current ratio | 2.53 | 2.97 | 3.41 | 3.37 | 2.89 | 3.11 | 3.06 | 3.10 | 2.57 | 3.23 | 3.02 | 3.59 | 3.50 | 3.38 | 3.32 | 4.37 | 4.15 | 3.71 | 3.48 | 3.51 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,592,700K ÷ $629,700K
= 2.53
The current ratio of IDEX Corporation has shown fluctuation over the observed periods, ranging from a low of 2.53 to a high of 4.37. The ratio indicates the company's ability to cover its short-term liabilities with its current assets. Generally, a higher current ratio is considered favorable as it suggests that the company has more than enough current assets to meet its short-term obligations.
The current ratio for IDEX Corporation has been above 2, which is typically seen as acceptable. However, a consistent upward trend in the current ratio is preferred as it signals improving liquidity and financial health. In this case, the current ratio has shown some volatility, with periodic increases and decreases.
It is important to further analyze the reasons behind these fluctuations in the current ratio to assess the company's liquidity management and financial stability. Overall, while the current ratio may have experienced some variability, maintaining a level above 2 indicates that IDEX Corporation is generally able to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024