Ingersoll Rand Inc (IR)

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 4,163,500 4,191,200 3,843,200 4,006,800 4,050,400 3,733,400 3,727,000 3,672,400 3,967,300 3,744,800 3,554,900 4,186,000 4,114,900 4,030,900 5,712,400 4,153,900 3,862,100 3,459,800 3,326,800 2,929,400
Total current liabilities US$ in thousands 1,818,900 1,775,600 1,764,600 1,724,600 1,827,300 1,654,700 1,624,100 1,700,100 1,674,000 1,523,000 1,464,800 1,453,600 1,467,700 1,632,600 1,823,000 1,536,300 1,498,600 1,425,800 1,478,200 1,390,000
Current ratio 2.29 2.36 2.18 2.32 2.22 2.26 2.29 2.16 2.37 2.46 2.43 2.88 2.80 2.47 3.13 2.70 2.58 2.43 2.25 2.11

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $4,163,500K ÷ $1,818,900K
= 2.29

Ingersoll Rand Inc's current ratio has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The current ratio measures the company's ability to meet its short-term obligations using its current assets.

The current ratio for Ingersoll Rand Inc ranged from 2.11 on March 31, 2020, to a peak of 3.13 on June 30, 2021, indicating a strong ability to cover its short-term liabilities with its current assets during that period. However, the ratio decreased to 2.22 on December 31, 2023, before increasing slightly to 2.29 on December 31, 2024.

Overall, Ingersoll Rand Inc's current ratio has generally remained above 2 throughout the period, indicating a healthy liquidity position. However, there have been fluctuations, suggesting changes in the company's asset and liability composition or management of working capital. Stakeholders should monitor the current ratio to assess the company's short-term liquidity and financial health.