Itron Inc (ITRI)
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 | 1,815,890 | 1,754,530 | 1,689,460 | 1,097,100 | 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 |
| Total current liabilities | US$ in thousands | 528,265 | 521,471 | 535,187 | 578,317 | 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 |
| Current ratio | 3.44 | 3.36 | 3.16 | 1.90 | 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 |
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 fluctuations over the past few years. It increased from 2.08 in March 2020 to a high of 3.44 in December 2024. The ratio indicates that the company had more than enough current assets to cover its current liabilities at the end of December 2024. However, the ratio experienced a notable drop to 1.39 in March 2021, indicating potential liquidity concerns at that point in time. Subsequently, the ratio fluctuated between 1.39 and 1.95 until June 2024 when it sharply increased to 3.16, further improving to 3.44 by December 2024. Overall, the current ratio of Itron Inc has shown a positive trend, indicating an improved ability to meet short-term obligations as of December 2024 compared to previous periods.
Peer comparison
Dec 31, 2024