John Bean Technologies Corporation (JBT)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,100,200 | 926,500 | 718,700 | 616,100 | 708,200 |
| Total current liabilities | US$ in thousands | 484,400 | 624,000 | 549,900 | 457,500 | 474,500 |
| Current ratio | 2.27 | 1.48 | 1.31 | 1.35 | 1.49 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,100,200K ÷ $484,400K
= 2.27
The current ratio of John Bean Technologies Corp has exhibited fluctuations over the past five years. It increased to 2.27 in 2023 from 1.40 in 2022, showing a significant improvement in the company's short-term liquidity position. This indicates that the company's current assets are more than double its current liabilities in 2023, potentially reflecting a stronger ability to meet its short-term obligations.
While the ratio has shown some variability in recent years, it has generally remained above 1.0, indicating that the company has had sufficient current assets to cover its current liabilities in each of the past five years. This suggests that John Bean Technologies Corp has generally maintained a healthy liquidity position, enhancing its ability to fund day-to-day operations and manage short-term financial obligations.
Overall, the trend of the current ratio for John Bean Technologies Corp reflects a positive trajectory, with the company demonstrating improved short-term liquidity in 2023 compared to previous years.
Peer comparison
Dec 31, 2023