ITT Inc (ITT)
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 | 1,857,700 | 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 | 1,736,800 | 1,706,300 | 1,702,400 | 1,678,900 |
| Total current liabilities | US$ in thousands | 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 | 849,700 | 888,800 | 892,400 | 860,500 |
| Current ratio | 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 | 2.04 | 1.92 | 1.91 | 1.95 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,857,700K ÷ $1,037,800K
= 1.79
The current ratio of ITT Inc has shown a generally increasing trend over the past eight quarters, indicating a strengthening liquidity position. The ratio has fluctuated between 1.36 and 1.79 during this period, with the latest value standing at 1.79 in Q4 2023. This suggests that the company's current assets are 1.79 times its current liabilities, reflecting a healthy ability to meet its short-term financial obligations. The gradual improvement in the current ratio indicates that ITT Inc has been managing its working capital efficiently and has sufficient resources to cover its short-term liabilities. This positive trend may be reassuring to stakeholders, as it signals the company's ability to weather potential financial challenges in the near term.
Peer comparison
Dec 31, 2023