IDEX Corporation (IEX)
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 | 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 | 1,657,200 | 1,520,750 | 1,397,250 | 1,289,070 | 1,261,440 | 1,190,620 | 1,216,880 | 1,129,230 |
| Total current liabilities | US$ in thousands | 500,300 | 487,500 | 486,600 | 491,900 | 543,600 | 506,500 | 513,800 | 468,300 | 480,000 | 469,108 | 450,359 | 377,513 | 399,000 | 409,699 | 401,307 | 366,890 | 357,877 | 370,670 | 361,791 | 339,247 |
| Current ratio | 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 | 3.52 | 3.21 | 3.36 | 3.33 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,446,300K ÷ $500,300K
= 2.89
Idex Corporation has exhibited consistent strength in its current ratio over the past eight quarters, ranging from 2.57 to 3.23. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a greater ability to meet short-term obligations.
In the most recent quarter, Q4 2023, Idex Corporation's current ratio stood at 2.89, reflecting a slight decrease from the previous quarter but remaining at a relatively healthy level. This suggests that the company has adequate current assets to cover its short-term liabilities, providing a cushion for potential financial challenges.
Overall, Idex Corporation's current ratio has shown stability and a strong financial position, indicating effective management of liquidity and working capital. It is important to continue monitoring this ratio in conjunction with other financial metrics to assess the company's overall financial health and performance.
Peer comparison
Dec 31, 2023