International Seaways Inc (INSW)

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	376,323	372,270	434,615	490,071	464,980	473,875	559,681	562,600	642,615	509,550	435,003	246,488	224,499	228,781	180,074	221,400	256,834	220,245	242,232	215,596
Total current liabilities	US$ in thousands	130,935	103,292	111,733	179,750	195,574	187,337	247,281	227,478	257,389	220,881	208,902	245,274	234,611	280,937	200,720	97,727	108,896	102,822	130,545	132,629
Current ratio		2.87	3.60	3.89	2.73	2.38	2.53	2.26	2.47	2.50	2.31	2.08	1.00	0.96	0.81	0.90	2.27	2.36	2.14	1.86	1.63

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $376,323K ÷ $130,935K
= 2.87

International Seaways Inc's current ratio has fluctuated over the past few years, ranging from a low of 0.81 as of September 30, 2021, to a high of 3.89 as of June 30, 2024. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable.

The ratio experienced significant improvement from 2021 to 2023, with the current ratio steadily increasing from 0.81 to 2.53 by September 30, 2023. This indicates that the company improved its liquidity position and ability to meet short-term obligations during this period.

However, there was a slight decrease in the current ratio by December 31, 2023, and further dipped to 2.38 by March 31, 2024. Despite these fluctuations, the current ratio remained above 2 during this period, suggesting that the company still had a strong ability to cover its short-term liabilities with current assets.

By June 30, 2024, the current ratio spiked to 3.89, which could indicate either a significant increase in current assets or a decrease in current liabilities. It would be important to further analyze the components of current assets and liabilities to understand the drivers behind this notable increase in the current ratio.

Overall, the current ratio of International Seaways Inc has shown variability but generally indicates a healthy liquidity position and ability to meet short-term financial obligations.