Itron Inc (ITRI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,815,890 | 1,049,440 | 829,584 | 749,929 | 930,262 |
| Total current liabilities | US$ in thousands | 528,265 | 537,236 | 498,572 | 501,344 | 549,899 |
| Current ratio | 3.44 | 1.95 | 1.66 | 1.50 | 1.69 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,815,890K ÷ $528,265K
= 3.44
The current ratio of Itron Inc has shown some fluctuations over the past five years. It decreased from 1.69 in December 2020 to 1.50 in December 2021, indicating a potential strain on the company's short-term liquidity. However, there was an improvement in the current ratio to 1.66 in December 2022, followed by a notable increase to 1.95 in December 2023, suggesting a strengthening of the company's ability to meet its short-term obligations.
The current ratio experienced a significant surge to 3.44 in December 2024, indicating a substantial improvement in the company's liquidity position and its ability to cover short-term liabilities with current assets. Overall, the trend in the current ratio of Itron Inc reflects a mixed performance, with fluctuations in short-term liquidity levels but showing an overall improvement in recent years.
Peer comparison
Dec 31, 2024