Itron Inc (ITRI)
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 | 1,049,440 | 1,009,740 | 969,987 | 902,056 | 829,584 | 808,642 | 756,088 | 792,527 | 749,929 | 802,387 | 842,900 | 1,260,100 | 930,262 | 1,352,170 | 1,354,830 | 1,387,730 | 997,251 | 967,023 | 962,596 | 934,977 |
| Total current liabilities | US$ in thousands | 537,236 | 555,924 | 559,920 | 536,555 | 498,572 | 502,117 | 461,190 | 501,568 | 501,344 | 495,754 | 514,365 | 909,562 | 549,899 | 586,705 | 601,679 | 667,094 | 671,391 | 684,603 | 670,160 | 665,878 |
| Current ratio | 1.95 | 1.82 | 1.73 | 1.68 | 1.66 | 1.61 | 1.64 | 1.58 | 1.50 | 1.62 | 1.64 | 1.39 | 1.69 | 2.30 | 2.25 | 2.08 | 1.49 | 1.41 | 1.44 | 1.40 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,049,440K ÷ $537,236K
= 1.95
The current ratio is an important liquidity ratio that indicates a company's ability to cover its short-term liabilities with its short-term assets. A ratio of 1 or higher is typically considered satisfactory, as it indicates the company has enough current assets to cover its current liabilities.
For Itron Inc., the current ratio has shown a consistent improvement over the past eight quarters, increasing from 1.58 in Q1 2022 to 1.95 in Q4 2023. This suggests that the company's liquidity position has strengthened over time, with a positive trend in its ability to meet its short-term obligations.
The current ratio exceeding 1.5 in each of the quarters indicates that Itron Inc. has a healthy level of current assets relative to its current liabilities, providing a cushion to meet its short-term financial obligations. This indicates a good level of financial health and stability in the short term.
Overall, based on the trend of increasing current ratios over the past eight quarters, Itron Inc. appears to have a solid liquidity position and is well-positioned to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023