International Seaways Inc (INSW)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 376,323 | 464,980 | 642,615 | 224,499 | 256,834 |
| Total current liabilities | US$ in thousands | 130,935 | 195,574 | 257,389 | 234,611 | 108,896 |
| Current ratio | 2.87 | 2.38 | 2.50 | 0.96 | 2.36 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $376,323K ÷ $130,935K
= 2.87
The current ratio of International Seaways Inc has displayed varying trends over the past five years. In 2020, the current ratio was 2.36, indicating a strong ability to cover short-term obligations with current assets. However, there was a significant decrease in 2021, with the ratio dropping to 0.96, suggestive of potential liquidity challenges or a strain on short-term financial obligations.
Subsequently, the ratio improved in 2022 to 2.50, surpassing the 2020 level and indicating a healthier liquidity position. In 2023, the current ratio remained relatively stable at 2.38, suggesting continued good liquidity management. Moreover, in 2024, the ratio increased further to 2.87, signifying a strengthened ability to meet short-term obligations.
Overall, the current ratio of International Seaways Inc has shown fluctuations in recent years, with a notable dip in 2021 followed by a recovery and improvement in subsequent years. The company seems to have managed its short-term liquidity well, with the most recent ratio indicating a strong capacity to cover current liabilities with current assets.
Peer comparison
Dec 31, 2024