ITT Inc (ITT)

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 1,864,700 2,010,800 1,925,900 1,907,700 1,857,700 1,781,500 1,829,200 1,798,300 1,836,800 1,785,600 1,776,400 1,904,500 1,722,100 1,641,800 1,627,200 1,892,000 1,917,300 1,822,800 1,826,800 1,948,200
Total current liabilities US$ in thousands 1,333,200 1,274,700 1,241,400 1,197,000 1,037,800 1,044,000 1,174,100 1,121,400 1,185,500 1,269,100 1,303,400 1,242,300 928,300 899,200 900,000 826,500 871,000 866,000 947,600 1,107,000
Current ratio 1.40 1.58 1.55 1.59 1.79 1.71 1.56 1.60 1.55 1.41 1.36 1.53 1.86 1.83 1.81 2.29 2.20 2.10 1.93 1.76

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,864,700K ÷ $1,333,200K
= 1.40

The current ratio of ITT Inc has shown some fluctuations over the past few years, starting at a solid level of 1.76 as of March 31, 2020 and steadily increasing to reach a peak of 2.29 as of March 31, 2021. This upward trend indicated that the company had a good ability to cover its short-term obligations with its current assets during this period.

However, the current ratio began to decline after March 31, 2021, dropping to 1.36 as of June 30, 2022. This reduction could signal potential liquidity challenges for the company in meeting its short-term debts and obligations.

Although there were minor fluctuations in the current ratio in subsequent quarters, it generally stayed within the range of 1.40 to 1.83 up to December 31, 2024. Overall, the current ratio of ITT Inc has displayed some variability, indicating that the company's liquidity position has fluctuated over the analyzed period. A current ratio below 2 may suggest the need for closer monitoring of the company's liquidity and ability to meet its short-term liabilities.